From the category archives:

Data

US long products imports in Feb decline 41% to below Nov ’08 level

March 19, 2009

Based on reported US import licenses, long products imports in February declined by 41% compared to January actuals to reach 156,000 short tons, below the November 2008 import low of 173,000 tons. This was driven mainly by the halving of wire rod imports from 84,000 tons in January to 41,000 tons in February, and by […]

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China results for Jan: crude production up 10%, exports down 40%

March 13, 2009

Chinese crude steel production grew 10% between December and January to reach 41.5 million metric tonnes. Exports declined to 1.91 million tonnes in January, a full 40% decrease on December, and apparent domestic consumption was 37.8 million tonnes compared to 33.1 million tonnes in December.  

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US flat products imports increased 8% in January

March 4, 2009

Based on reported import licenses, US flat products imports increased 8% in January to 514,000 short tonnes compared to December actuals of 474,000 tons. Licenses reported up to 17 February reached 347,000 tons, which indicates that full-month imports for February should climb significantly. I will now be reporting monthly US import license data for flat […]

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Ternium 2008 financial results

February 24, 2009

Ternium announced 2008 financial results today.  You can read the company’s press release here.   Ternium’s EBITDA per ton in Q4 fell significantly from Q3 but remained near the top of the  companies we follow on a regular basis on the Nerds of Steel earnings spreadsheet.

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World crude steel output up 5% in January

February 23, 2009

Worldsteel just published the preliminary world crude steel production figures for January 2009. They show a small 5% increase in output from December data entirely attributable to China – a trend that seems to have been shortlived according to this article in the FT on February 20. For non FT-subscribers the article says: Chinese steel […]

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Gerdau Ameristeel and Gerdau SA 2008 financial results

February 21, 2009

Gerdau Ameristeel and Gerdau SA released 2008 financial results on February 19.  Gerdau Ameristeel’s results can be found here and Gerdau SA’s here. Both companies’ operating income and EBITDA per ton fell in Q4 relative to Q3.  Gerdau SA’s EBITDA per ton remained solidly positive while Gerdau Ameristeel’s EBITDA per ton fell into negative territory. […]

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