Ternium, Gerdau, and Gerdau Ameristeel recently announced Q2 2010 earnings. If you want to read the earnings announcements, I’ve provided links below.
- Ternium’s press release
- Gerdau’s press release
- Gerdau Ameristeel’s press release
All three companies reported improved EBITDA per ton in Q2 relative to Q1. Ternium had the strongest second quarter, reporting EBITDA per ton of $202 up from $183 in Q1. Gerdau saw EBITDA per ton rise to $193, from $172 in Q1. Finally, Gerdau Ameristeel’s EBITDA per ton was $77 in Q2, only slightly higher than the $74 reported in Q1.
Most of the companies tracked in the Nerds of Steel earnings spreadsheet have now reported Q2 results. As is typically the case, the leaders in terms of profitability were Posco, Ternium, and Gerdau.