From the category archives:

Nerds Only

China results for October: crude production up 2%, exports up 10%

December 2, 2009

Chinese crude steel production rose 2% from 50.71 million metric tonnes in September to 51.75 million tonnes in October. This is 44% higher than October 2008 crude steel production. Finished steel exports continued to climb from the 1.35 million tonnes low reached in May 2009 to a level of 2.71 million tonnes in October. But [...]

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World crude steel production rises 3.1% in October

November 20, 2009

According to data published today by worldsteel, world crude steel production reached 112MT for the first time since August of 2008. The October figure is a 3.1% improvement on September’s output and 13% better than October production last year when the industry was beginning its sharp decline. China’s month-to-month growth of about 2% was exceeded [...]

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US long products imports rise 51% in October

November 19, 2009

Based on reported import licenses, US long products imports rose 51% from 136,000 short tons in September to 205,000 tons in October. October 2008 long products imports were 211,000 tons. Imports of all products increased except light shapes, but as predicted in my earlier post, wire rod imports drove the sharp imports rise by growing [...]

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Gerdau Ameristeel and Gerdau SA Q3 2009 results

November 17, 2009

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 [...]

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Nerds of Steel changes & innovations

November 17, 2009

Many of you will have noticed over the last couple of weeks that Nerds of Steel is changing. I wanted to explain what has been going on and to ask you for feedback on the changes that have already taken place and those you would like to see in future. The most signficant change is [...]

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US flat products imports are flat in October

November 16, 2009

Based on reported import licenses, US flat products imports increased 1% from 434,000 short tons in September to 438,000 tons in October. This shows a slowing of flat imports growth after strong 10-25% growth per month since July. Driving the small rise were hot dip galvanized imports which rose 8% to 91,000 tons, with imports [...]

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Ternium Q3 results

November 5, 2009

Ternium announced 3rd quarter 2009 earnings last night.  The press release can be found here.  The company continued to perform well, generating $137 of EBITDA per ton during the quarter.  This is the second best performance recorded yet on the Nerds of Steel earnings spreadsheet.  Only Posco, with an EBITDA of $151 per ton, has [...]

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No link between the new economy and steel industry publisher

October 30, 2009

They still don’t get it. American Metal Market has a story today called “Building of new economy discussed by steel, union leaders”. I was mildly interested in the story for its own sake, but it’s much more important as an example of the contortions a steel industry publisher will go through to avoid being even [...]

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