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ArcelorMittal and Gerdau report Q3 2011 financial results

November 15, 2011

More results have been reported and recorded in the Nerds of Steel earnings spreadsheet.  See links to earnings releases for ArcelorMittal and Gerdau. ArcelorMittal Q3 2011 earnings press release Gerdau Q3 20110 earnings release As has been the pattern among companies we follow, both companies reported a decline in Q3 2011 EBITDA and operating income […]

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US flat products imports rise 23% in October

November 13, 2011

Based on reported import licenses, US flat products imports increased 23% from 577,000 short tons in September to 712,000 tons in October. In comparison, October flat products imports were 509,000 tons in 2010, 482,000 tons in 2009 and 778,000 tons in 2008. 113,000 tons of the 135,000-ton rise between September and October was due to […]

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AHMSA and Ternium Q3 results

November 8, 2011

Two more North American steel companies have reported Q3 2011 financial results.  Links to the earnings’ announcements appear below. AHMSA’s quarterly results page Ternium’s quarterly results are here Like other companies followed in the Nerds of Steel earnings spreadsheet, AHMSA and Ternium both achieved lower EBITDA per ton in Q3 than in Q2.  AHMSA saw a big […]

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World apparent steel use revised upward in wsa’s Short Range Outlook

October 26, 2011

worldsteel‘s forecast for growth in world apparent steel use in 2011 was revised upward from 5.9% in April’s Short Range Outlook to 6.5% in October’s Short Range Outlook published recently. worldsteel expects world apparent steel use to reach 1,398 million metric tonnes in 2011 (instead of April’s forecast of 1,359 m tonnes) and 1,473 m […]

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AK, Posco, and US Steel Q3 2011 results

October 25, 2011

Third quarter 2011 financial results for three more companies have been added to the Nerds of Steel earnings spreadsheet.  Links to each company’s results can be found below. AK Steel Q3 2011 results Posco Q3 2011 earnings release can be found here US Steel’s Q3 2011 results All three companies reported lower EBITDA per ton […]

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Nucor and SDI report Q3 2011 results

October 21, 2011

Nucor and Steel Dynamics reported Q3 financial results this week.  Links to each company’s press release appear below: Nucor Q3 2011 earnings release Steel Dynamics Q3 2011 earnings release Both companies reported lower EBITDA per ton than was reported in Q2.  Steel Dynamics’ EBITDA per ton (based on all shipments, including steel and scrap) was […]

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