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Data

US long products imports rise 4% in July

August 14, 2009

Based on reported import licenses, US long products imports rose 4% from 105,000 short tons in June to 109,000 tons in July. To put this in perspective, US long products imports in July 2007 were 563,000 tons and in July 2008 they were 270,000 tons. This marginal rise in total long products imports masks some […]

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China results for June: crude production up 6% and consumption 17% higher than 2008

August 11, 2009

Chinese crude steel production climbed 6% from 46.46 million metric tonnes in May to 49.43 million tonnes in June. This is 5% higher than June 2008 production. Net finished steel exports remained marginally negative. After declining every month since December 2008, finished steel exports rose 6% to 1.43 million tonnes. Apparent domestic consumption continued to […]

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Gerdau Ameristeel and Gerdau SA Q2 results

August 7, 2009

Gerdau Ameristeel and Gerdau SA reported Q2 2009 financial results yesterday.   Read Gerdau Ameristeel’s press release here and the English version of Gerdau SA’s release here.  Both companies showed positive EBITDA per ton in Q2, with Gerdau Ameristeel showing a slight increase from $41 to $48.  Gerdau SA, which includes the results of the former […]

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Ternium Q2 results

August 4, 2009

Ternium posted Q2 2009 results today and will host a conference call tomorrow.  See the earnings press release here.  EBITDA per ton was $26, down from $57 in Q1.  As can be seen in the Nerds of Steel earnings spreadsheet, Ternium was one of only two companies to report a decline in EBITDA per ton […]

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ArcelorMittal Q2 2009 earnings

July 29, 2009

This morning ArcelorMittal reported Q2 2009 financial results.  See the press release here.  EBITDA per ton improved to $65 in Q2, up from $50 in Q1.   This is the best number reported thus far among companies tracked in the Nerds of Steel earnings spreadsheet.

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US Steel Q2 earnings

July 28, 2009

US Steel announced second quarter 2009 earnings today.  See the company’s press release here.  X continues to struggle as a result of weak market conditions and pricing.  Q2 EBITDA per ton was negative $104, which is $5 worse than Q1 EBITDA of negative $99 per ton.   As you can see on the Nerds of Steel […]

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