July 13, 2010
Posco reported very impressive Q2 earnings today. See the company’s earnings presentation here. EBITDA per ton shipped was $237 for Q2, up from $211 in Q1. The company seems fairly bullish about global steel demand for this year, which is forecast to finish 2010 up 12% at 1,255 million tonnes (MT), from 1,120 MT in […]
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June 21, 2010
Global crude steel production kept close to its record-setting pace in April. According to worldsteel’s most recent production report released today, crude steel production was a little over 124MT in May, up 29% from the same month in 2009. Capacity utilization sagged a little to 82% globally. All the data are below:
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