US Steel and AK Steel Q2 2010 results

by Tony Taccone on July 27, 2010

in Data

US Steel and AK Steel reported Q2 2010 results today.  US Steel’s press release can be found here and AK’s results are here.  Both companies showed improved EBITDA per ton.  AK’s Q2 EBITDA per ton was $83, up very marginally from $82 in Q1.  US Steel’s improvement was more substantial.  EBITDA per ton rose to $61 in Q2 from $20 in Q1.  Neither company was particularly optimistic about Q3 – both companies expect Q3 operating income to be lower than Q2. Check out historical and current operating income and EBITDA per ton on the Nerds of Steel earnings spreadsheet.