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AK Steel

US Steel and AK Steel announce Q3 earnings

October 27, 2009

US Steel and AK Steel announced Q3 2009 financial results this morning.  US Steel’s press release can be found here and AK’s release can be found here. US Steel’s shipments rose sharply, from 2.9 million tons in Q2 to 4.2 millin tons in Q3.  However, the company’s high fixed costs resulted in a negative gross […]

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AK Steel reports Q2 2009 results

July 21, 2009

AK Steel is first out of the blocks reporting earnings for the second quarter of 2009.  See the results here.  EBITDA per ton was ($24), still negative but better than Q1 when EBITDA was ($58) per ton.   The improvement in EBITDA was driven by lower cash operating costs.  AK’s average price per ton fell by […]

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Steel Dynamics Q1 2009 results

April 23, 2009

Steel Dynamics released Q1 2009 results this morning.  See the company’s press release here.  EBITDA per ton was ($46), a little better than AK’s ($58) released yesterday.  Nucor announces earnings today as well.  Track the results and compare company performance on the Nerds of Steel earnings spreadsheet.

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AK Steel Q1 2009 results

April 22, 2009

AK Steel reported Q1 2009 results yesterday.  See the company’s press release here.  As expected operating income and EBITDA fell dramatically, along with AK’s quarterly shipments.  EBITDA per ton was ($58) in Q1 2009, down from $142 in Q1 2008 and $57 in Q4 2008. It will be interesting to see how the rest of […]

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AK, Nucor, Steel Dynamics, US Steel 2008 results

January 27, 2009

Four US-based steel companies announced Q4 and full year 2008 financial results today.  EBITDA and operating income per ton data for the quarter and the year have been added to the Nerds of Steel earnings spreadsheet. If you want to see the earnings announcements click on a company below. AK Steel Nucor Steel Dynamics US […]

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AK Steel Q3 results

October 21, 2008

AK Steel reported Q3 results today. You can see the results here. EBITDA for Q3 was $246/ton while operating income was $210/ton. AK projects Q4 shipments will be down 5% and operating income will fall to around $100 per ton. AK’s results are tracked against its peers on the Nerds of Steel earnings spreadsheet.

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