by Tony Taccone on February 5, 2016
in Data
ArcelorMittal announced Q4 and full year 2015 results today. EBITDA per ton in Q4 was $51, down slightly from $58 in the third quarter. The company also announced plans to sell its minority interest in Gestamp and to raise new capital to reduce net debt.
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by Tony Taccone on February 1, 2016
in Data
Last Friday TimkenSteel announced Q4 and full year 2015 earnings. EBITDA per ton shipped in Q4 was negative $86, an improvement over the negative $147 the company posted in the third quarter. TimkenSteel’s EBITDA and operating income per ton have been added to the Nerds of Steel earnings spreadsheet.
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by Tony Taccone on January 28, 2016
in Data
Nucor announced Q4 and full year 2015 financial results this morning. EBITDA/ton was $105 on steel shipments, down from $115 in Q3. You can see the numbers for Nucor and the other companies tracked by Nerds of Steel in the spreadsheet behind the graph that appears below.
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by Tony Taccone on January 27, 2016
in Data
US Steel announced Q4 and full year 2015 results yesterday after the market closed. The company’s Q4 EBITDA per ton fell to a negative ($38) per ton, down from a positive $20 per ton in Q3. Under current market conditions, US Steel expects to be near break even on an EBITDA basis in 2016.
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by Jessica Wagner on January 27, 2016
in Data
Worldsteel reported crude steel production in China at 64.4 million metric tonnes in December, 5.2% lower than in December 2014. Taking into account Worldsteel year-end revisions, full-year output in 2015 was 2.3% lower in 2015 than it was in 2014.
In addition, Chinese net finished steel exports (exports minus imports) in December were 9.5 million tonnes, 5% higher than in December 2014, while full-year net exports were 26% higher in 2015 than in 2014. Net exports as a portion of full-year crude production rose from 10% in 2014 to 12% in 2015.
China monthly crude steel production 2005 to 2015
(thousand metric tonnes)
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Several mills are releasing Q4 and full year 2015 earnings this week. Starting things off are Steel Dynamics and AK Steel. AK’s EBITDA per ton jumped from $75 in Q3 to $108 in Q4, while Steel Dynamic’s EBITDA fell to $62 from $94. Later this week we’ll get results from US Steel, Nucor and TimkenSteel. As results come out we’ll update the Nerds of Steel quarterly earnings spreadsheet.
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