Gerdau SA and Gerdau Ameristeel released Q1 2009 earnings recently. You can see Gerdau’s release here and Gerdau Ameristeel’s release here. Both companies had positive EBITDA per ton in the first quarter, $77 for Gerdau and $33 for Gerdau Ameristeel. Among the companies tracked on the Nerds of Steel earnings spreadsheet, about half have posted positive EBITDA per ton in Q1 2009 and half have posted negative EBITDA, with a couple still left to report.
Gerdau SA and Gerdau Ameristeel Q1 2009 earnings
by Tony Taccone on May 12, 2009