Nucor’s fourth quarter and 2007 full year operating income/ton and EBITDA/ton have been added to our quarterly results spreadsheet.
The spreadsheet is hosted on the Editgrid site, which allows people to share spreadsheets on the web.
When you’re looking at my post on quarterly financial results, you can open the online version of the quarterly results spreadsheet by clicking on the words “Editgrid spreadsheet” directly above the spreadsheet itself. This will take you to the nerds of steel page on Editgrid. You can then download a copy of the spreadsheet to your PC and save it on your hard drive. You can also look at the other spreadsheets we make publicly available.
This is a very interesting presentation from Russian mining & metallurgical company Metalloinvest from September 2007. It provides some good data on Russian steel output through 2015 along with changing raw material use and sources as the Russian economy and particularly the steelmaking portion expand. This is especially important as the withdrawal of Russian scrap supply from the international market is one of the factors driving scrap price increases in North America, rebar prices in Turkey, non-residential construction costs everywhere etc. etc.
AK Steel announced Q4 and full year 2007 results today. Operating income for Q4 was $98 per ton and EBITDA was $128 per ton. AK indicated that Q1 2008 operating income should be around $100 per ton. I’ll be tracking quarterly results in an on-line spreadsheet here.
Goldman Sachs reported today that it believes the US economy will suffer a recession in 2008, and Goldman is not alone. It seems everyone is worried about the impact of the credit crunch and high energy costs on US consumers. So, what might a recession mean for shipments by steel producers in the US in 2008?
There is clearly a correlation between GDP growth and steel demand. In developed economies, such as the US, the rule of thumb is that GDP has to grow at a base line level or steel demand contracts. In the US, the rule is pretty simple: If GDP grows by more than 2.5%, steel demand tends to rise. Conversely, steel demand falls when GDP grows by less than 2.5%. You can see this in the graph below. (If the graph is hard to read, click on it and it will enlarge).
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Welcome to Nerds of Steel. Have a good look round. This post will tell you about a few of the things you can do on and with the site and how you can do them. It’s written for the many who have no experience of blogs, so, if you’re an old hand, be patient.
Nerds of Steel (or NoS) is a website structured in the form of a blog – short for weblog. A blog is basically a way to manage and organize content in a website efficiently. It’s easy for us to post, link, and add different media formats including spreadsheets, presentations, PDF files, audio and video files. And it’s easy for you to read, watch and listen to posts, download files, receive posts via a reader (see below) or via email; share them with other people who you think would be interested (click the Share This link under any post) and search for specific things you’re interested in. If you sign in (for free), you can also comment on posts and access more data on the data page. [click to continue…]
