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Data

US Steel Q1 2009 results

April 28, 2009

US Steel released Q1 2009 earnings results yesterday.  The company’s press release can be found here.  US Steel reported an operating loss of ($478) million.  EBITDA per ton was ($99), the lowest number reported so far among the companies tracked on the Nerds of Steel earnings spreadsheet.  To raise/conserve cash US Steel also cut its […]

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World Steel Production for March, 2009 & Short Term Demand Forecast

April 27, 2009

The World Steel Association recently published two important sets of data. The first, published about a week ago are the latest figures for crude steel production by country through March of 2009. You can see and use that data in the Nerds spreadsheet below. In aggregate it shows an 8.3% improvement in global output March […]

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Nucor Q1 2009 results

April 23, 2009

Nucor reported Q1 results today.  See the company’s press release here.   Nucor’s EBITDA per ton was ($30), slightly better than the results reported by AK Steel and Steel Dynamics.  The results in Q1 and Q2 will be painful for the  steel industry but illuminating for steel nerds because we’ll have an opportunity to see what […]

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Steel Dynamics Q1 2009 results

April 23, 2009

Steel Dynamics released Q1 2009 results this morning.  See the company’s press release here.  EBITDA per ton was ($46), a little better than AK’s ($58) released yesterday.  Nucor announces earnings today as well.  Track the results and compare company performance on the Nerds of Steel earnings spreadsheet.

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US flat products imports declined 6% in March

April 23, 2009

Based on recorded import licenses, flat products imports into the US dropped 6% from 548,000 short tons in February to 515,000 tons in March. This minor change in the total imports volume masks more significant volume changes in individual products. Cut plate imports continued their sharp decline dropping 50% between February and March to 36,000 […]

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AK Steel Q1 2009 results

April 22, 2009

AK Steel reported Q1 2009 results yesterday.  See the company’s press release here.  As expected operating income and EBITDA fell dramatically, along with AK’s quarterly shipments.  EBITDA per ton was ($58) in Q1 2009, down from $142 in Q1 2008 and $57 in Q4 2008. It will be interesting to see how the rest of […]

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