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China results for November: crude production down 9% and exports up 5%

December 15, 2009

Chinese crude steel production dropped 9% from 51.8 million metric tonnes in October to 47.3 million tonnes in November. This is still 34% higher than November 2008 crude steel production. Finished steel exports rose 5% to 2.85 million tonnes, continuing the climb started in June 2009 when exports were 1.43 million tonnes. November 2009 exports […]

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US flat products imports fall 7% in November

December 9, 2009

Based on reported import licenses, US flat products imports dropped 7% from 429,000 short tons in October (according to preliminary census figures) to 398,000 short tons in November. This can be compared to 641,000 tons of imports in November 2008. Hot rolled and cold rolled imports both grew at 1% between October and November. Cut […]

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China results for October: crude production up 2%, exports up 10%

December 2, 2009

Chinese crude steel production rose 2% from 50.71 million metric tonnes in September to 51.75 million tonnes in October. This is 44% higher than October 2008 crude steel production. Finished steel exports continued to climb from the 1.35 million tonnes low reached in May 2009 to a level of 2.71 million tonnes in October. But […]

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World crude steel production rises 3.1% in October

November 20, 2009

According to data published today by worldsteel, world crude steel production reached 112MT for the first time since August of 2008. The October figure is a 3.1% improvement on September’s output and 13% better than October production last year when the industry was beginning its sharp decline. China’s month-to-month growth of about 2% was exceeded […]

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US long products imports rise 51% in October

November 19, 2009

Based on reported import licenses, US long products imports rose 51% from 136,000 short tons in September to 205,000 tons in October. October 2008 long products imports were 211,000 tons. Imports of all products increased except light shapes, but as predicted in my earlier post, wire rod imports drove the sharp imports rise by growing […]

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Gerdau Ameristeel and Gerdau SA Q3 2009 results

November 17, 2009

After some delay, for which I apologize, the Q3 2009 results for Gerdau Ameristeel and Gerdau SA have been added to the Nerds of Steel earnings spreadsheet.  Both companies generated positive EBITDA per ton in Q3 despite low shipment volumes and difficult industry conditions.  Gerdau SA generated EBITDA per ton of $172 in Q3, the […]

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