Severstal North America’s Q1 2008 financial results have been added to the Nerds of Steel earnings spreadsheet. SNA had EBITDA per ton of $171 in Q1 2008 up from $39 in Q1 2007. However, this result includes a $156 million gain from the buyout of a long term electricity supply contract. Without the one-off gain, EBITDA per ton was ($6). The Q1 2008 results also include SeverCorr, which shipped over 300,000 tons in the most recent quarter.
ArcelorMittal reported its Q1 2008 earnings today achieving $157/ton of EBITDA for the quarter, the same rate as Q4 2007. You can compare the EBITDA result against a number of other steel producers on the Nerds of Steel earnings spreadsheet. Or you can see the full set of company reports including video and audio of the webcast on the ArcelorMittal site.
Gerdau SA announced Q1 2008 earnings yesterday. EBITDA per ton was $203, up from an average of $170 in 2007. This is the best EBITDA per ton so far among the companies tracked in the Nerds of Steel earnings spreadsheet.
Today, Gerdau Ameristeel announced Q1 2008 earnings. EBITDA per ton was $152, up from an average of $125 in 2007. You can compare Gerdau Ameristeel’s operating performance with its competitors on the Nerds of Steel earnings spreadsheet.
Ternium released its Q1 results on Monday May, 5. EBITDA per ton was $198, which is quite good relative to its main North American peers. You can compare Ternium’s EBITDA and operating income per ton to other steel companies by checking out the Nerds of Steel earnings spreadsheet.
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