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Data

M&A activity in the global steel industry

June 19, 2008

A reader called NanoSteel posted a comment recently asking if we knew the total value of M&A activity in the global steel industry for 2007. One source is an annual publication by PWC which compiles transactions in the global metals industry. According to the PWC there were 249 deals in the global steel industry in […]

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Severstal NA Q1 results

May 22, 2008

Severstal North America’s Q1 2008 financial results have been added to the Nerds of Steel earnings spreadsheet. SNA had EBITDA per ton of $171 in Q1 2008 up from $39 in Q1 2007. However, this result includes a $156 million gain from the buyout of a long term electricity supply contract. Without the one-off gain, […]

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US long products import licenses at highest levels since July 2007

May 15, 2008

Licenses for long products imports into the US increased from 257,000 short tons in March to 462,000 short tons in April, reaching their highest levels since July 2007. Rebar licenses increased from 77,000 tons in March to 189,000 tons in April, mainly due to Turkey, which didn’t apply for any licenses in March but applied […]

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US Steel Q1 earnings

April 29, 2008

Today US Steel reported first quarter 2008 financial results. EBITDA per ton was $62, which is up from Q4 2007 but down from the 2007 average of $78. There were some special charges (inventory adjustments and a litigation reserve) which reduced reported operating income and EBITDA. Excluding these charges, EBITDA was $71 per ton, which […]

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AK Steel Q1 2008 earnings

April 22, 2008

AK Steel announced earnings today. EBITDA per ton was $142 in Q1, which beat AK’s 2007 average of $129. The company guided towards higher margins in Q2, with operating income per ton expected to hit a record level of $125. This implies Q2 EBITDA per ton close to $160. Check out AK’s results along with […]

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Steel Dynamics Q1 2008 earnings

April 22, 2008

Today, Steel Dynamics announced first quarter earnings. EBITDA was $191 per ton, well above the 2007 average of $135. You can see the results and compare them to Steel Dynamic’s industry peers by checking out the Nerds of Steel earnings spreadsheet. This year’s results include the EBITDA generated by STLD’s recent acquisition, Omnisource. We decided […]

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