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Tony Taccone

A strategy consultant to steel companies for 20 years and a founding partner of First River Consulting, a strategy consulting boutique. Follows the steel industry globally and proudly admits to being a steel nerd.

Posts by Tony Taccone

AK Steel, ArcelorMittal, and US Steel Q2 EBITDA per ton

July 27, 2017

AK Steel, ArcelorMittal, and US Steel released Q2 2017 earnings and the results have been entered in the spreadsheet behind the graph below. AK’s and ArcelorMittal’s EBITDA per ton were virtually unchanged from the first quarter of this year. AK’s dropped slightly to $115 from $118 and ArcelorMittal’s fell to $93 from $94. US Steel, […]

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CMC, Nucor, SSAB, & SDI Q2 2017 EBITDA per ton

July 24, 2017

The second quarter earnings season has begun and so far we have results from four steel companies tracked by the Nerds. Two companies achieved higher EBITDA per ton in the second quarter as compared to the first quarter: CMC’s EBITDA per ton rose to $97 from $83 and SSAB’s jumped to $135 from $94. The […]

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ArcelorMittal Q1 2017 financial results

May 12, 2017

ArcelorMittal released Q1 2017 earnings earlier today. EBITDA per ton shipped rose from $55 last quarter to $96 this quarter. This puts the company right on the average of the companies we track in the spreadsheet below.

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AHMSA, Gerdau, TimkenSteel Q1 2017 financial results

May 5, 2017

Three more companies released Q1 2017 earnings this week. AHMSA’s EBITDA per ton jumped to $53, from a loss of $11 last quarter. Gerdau reported $64 as compared to $39 in the fourth quarter of last year. The biggest improvement was recorded by TimkenSteel: shipments were up 50% in the quarter and EBITDA per ton […]

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More Q1 2017 financial results and EBITDA per ton

April 26, 2017

Five more North American steel producers recently reported first quarter financial results. Two were US-based integrated producers and both experienced a decline in EBITDA per ton as compared to the final quarter of 2016: AK’s EBITDA per ton fell to $118 in Q1 from $131 in Q4 last year, while US Steel’s dropped from $46 […]

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Q1 financial results for Nucor and SDI

April 20, 2017

Nucor and Steel Dynamics reported Q1 earnings this week. Both companies reported significant improvements in EBITDA per ton. Nucor’s rose to $124 in Q1 up from $110 in Q4 2016 and Steel Dynamics recorded $165 in the latest quarter, up slightly from $162 in Q4 last year. More results will be released in the next […]

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