From the category archives:

Data

US long products imports fall 45% in April

May 20, 2009

As predicted in an earlier post, US long products imports in April dropped to a new historical low. Based on reported import licenses, US long products imports dropped 45% from 168,000 short tons in March to 92,000 tons in April. About 74,000 tons of this decline come from a 73% reduction in rebar licenses compared […]

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China results for April: crude production down 4% and finished steel exports down 16%

May 15, 2009

Chinese crude steel production dropped 4% from 45.1 million metric tonnes in March to 43.4 million tonnes in April. Finished steel exports continued their decline from 1.67 million tonnes in March to 1.41 million tonnes in April, a 16% drop. Finished steel imports rose to 1.62 million tonnes, resulting in net finished imports of 210,000 […]

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US flat products imports drop 18% in April

May 14, 2009

Based on reported import licenses, flat products imports into the US declined 18% from 488,000 short tons in March to 402,000 tons in April. Cut plate imports dropped 19% to 30,000 tons, hot rolled imports declined 30% to 160,000 tons, and hot dip galvanized imports fell 16% to 102,000 tons. Only cold rolled imports increased, […]

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Gerdau SA and Gerdau Ameristeel Q1 2009 earnings

May 12, 2009

Gerdau SA and Gerdau Ameristeel released Q1 2009 earnings recently.  You can see Gerdau’s release here and Gerdau Ameristeel’s release here.  Both companies had positive EBITDA per ton in the first quarter, $77 for Gerdau and $33 for Gerdau Ameristeel.  Among the companies tracked on the Nerds of Steel earnings spreadsheet, about half have posted […]

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Ternium Q1 2009 results

May 5, 2009

Yesterday after the market closed Ternium announced Q1 2009 financial results.  You can see the release here.  The company posted positive EBITDA of $57 per ton, the highest we’ve seen so far among the companies tracked on the Nerds of Steel earnings spreadsheet.

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ArcelorMittal Q1 2009 results

April 29, 2009

ArcelorMittal reported Q1 results this morning.  You can access the press release here and a slide presentation here.  The company had positive EBITDA per ton of $50 and expects slightly better results in Q2.  ArcelorMittal’s results have been added to the Nerds of Steel earnings spreadsheet.

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