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00Worldsteel reported Chinese crude steel production at 66.8 million metric tonnes in July, 2.6% higher than in July 2015. Crude steel output in the first seven months of 2016 was 0.2% lower than in the same period last year. China’s net finished steel exports (exports minus imports) in July were 9.2 million tonnes, 5.6% higher […]

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00Worldsteel published July’s world crude steel production on August 22nd. World crude steel output was 133.7 million metric tonnes, 1.4% higher than in July 2015. World crude steel production in the first seven months of 2016 was 1.1% lower than in the same period last year. China accounted for 50% of world output in July […]

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00Based on reported import licenses, US long products imports rose 10% from 492,000 short tons in June to 542,000 tons in July. Long products imports in July 2015 were 408,000 tons and in July 2014 they were 314,000 tons. Longs imports for the first seven months of 2016 were 4% higher than in the same […]

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00Based on reported import licenses, US flat products imports rose 21% from 898,000 short tons in June to 1,082,000 tons in July. Flat products imports in July 2015 were 1,192,000 tons and in July 2014 they were 1,359,000 tons. Imports of flat products for the first seven months of 2016 were 26% lower than in […]

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00Gerdau recently released Q2 financial results. The company reported EBITDA per ton of $77, up from $59 in Q1. Gerdau’s $77 of EBITDA per ton was in the middle of the pack and very close to the $80 Q2 average of the companies we track in the Nerds of Steel earning spreadsheet.

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00AHMSA and Ternium recently released Q2 2016 financial results. Consistent with other mills we follow, both companies reported improved EBITDA per ton in the second quarter as compared to the first quarter. AHMSA’s EBITDA per ton rose from $46 to $51, while Ternium saw an increase to $137 from $113.

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00In the chart below (and the spreadsheet behind the chart), we have added ArcelorMittal and TimkenSteel EBITDA and operating income for the second quarter of 2016. Both companies reported better performance in the second quarter as compared to Q1, continuing the improving trend we’ve seen among the companies we track. ArcelorMittal’s EBITDA per ton rose […]

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00AK Steel and US Steel announced earnings this week and both companies reported improved EBITDA per ton. AK Steel saw EBITDA per ton rise to $78, up from $65 in Q1. US Steel recorded positive EBITDA per ton of $32 in Q2, up from a loss of $46 in Q1.

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