After some delay, for which I apologize, the Q3 2009 results for Gerdau Ameristeel and Gerdau SA have been added to the Nerds of Steel earnings spreadsheet. Both companies generated positive EBITDA per ton in Q3 despite low shipment volumes and difficult industry conditions. Gerdau SA generated EBITDA per ton of $172 in Q3, the best number so far among the companies tracked here on Nerds of Steel. Gerdau Ameristeel turned in EBITDA per ton of $108, which is also quite good. Gerdau Ameristeel’s earnings release can be found here and Gerdau’s can be found here.
Gerdau Ameristeel and Gerdau SA Q3 2009 results
by Tony Taccone on November 17, 2009