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Data

China results for September: crude production down 3% and exports up 19%

October 25, 2009

Chinese crude steel production fell 3% from 52.3 million metric tonnes in August to 50.7 million tonnes in September. This is 28% higher than September 2008 crude production. Finished steel exports continued to climb, rising by 19% to 2.47 million tonnes. In comparison, September 2008 finished steel exports were 6.7 million tonnes. Net finished steel […]

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Nucor Q3 earnings

October 22, 2009

This morning Nucor announced Q3 2009 earnings.  The company’s press release can be found here. EBITDA per ton was $31 in Q3, $74 per ton lower than the EBITDA reported Tuesday by Steel Dynamics. Nucor’s operating performance continues to be dragged down by the consumption of high-cost pig iron that was purchased last year prior […]

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Steel Dynamics Q3 earnings

October 20, 2009

Steel Dynamics kicked off the third quarter earnings season today.  See the press release here.  EBITDA was $105 per ton, which is quite impressive given how difficult the industry environment is at the moment.  Watch the earnings unfold on the Nerds of Steel earnings spreadsheet.

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US long products imports rise 7% in September

October 16, 2009

Based on reported import licenses, US long products imports rose 7% from 125,000 short tons in August to 134,000 tons in September. September 2008 long products imports were 233,000 tons. Merchant bar, light shapes and beam imports all increased, with beam imports rising by 189% to 20,000 tons due to rises from Luxembourg, Spain and […]

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US flat products imports rise 30% in September

October 15, 2009

Based on reported import licenses, US flat products imports rose 30% from 353,000 short tons in August to 458,000 tons in September. This compares to flat products imports of 816,000 tons in September when we started collecting flat products license data. Flat rolled imports have been rising continuously since a June 2009 low of 252,000 […]

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World Steel Association Autumn 2009 demand forecast

October 12, 2009

The World Steel Association just released its Autumn 2009 global steel demand forecast.  The detailed forecast by country is available here.  Global demand is expected to fall to just over 1.1 billion metric tonnes (BMT) in 2009, down from 1.2 BMT in 2008.  In 2010, demand is forecast to grow by 9% and get back […]

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