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 […]
Read the full article →
April 22, 2009
Chinese crude steel production rose 12% from 40.4 million metric tonnes in February to 45.1 million tonnes in March. As a result of a 17% increase in finished steel imports to 1.27 million tonnes and a 7% increase in finished steel exports to 1.67 million tonnes, net finished steel exports declined to 0.4 million tonnes. […]
Read the full article →