Gerdau Ameristeel and Gerdau SA released 2008 financial results on February 19. Gerdau Ameristeel’s results can be found here and Gerdau SA’s here.
Both companies’ operating income and EBITDA per ton fell in Q4 relative to Q3. Gerdau SA’s EBITDA per ton remained solidly positive while Gerdau Ameristeel’s EBITDA per ton fell into negative territory.
Check out the Nerds of Steel earnings spreadsheet to see these results and those of other steel companies.