Posts tagged as:

USA

2009 GDP forecasts and steel demand growth

February 2, 2009

The International Monetary Fund recently updated its global GDP growth forecast for 2009 and 2010.  Not surprisingly, the growth projections were revised downward.   So I thought I’d take the opportunity to update the graph showing the relationship between global GDP and steel demand and to refine the comments I made in a recent post using […]

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AK, Nucor, Steel Dynamics, US Steel 2008 results

January 27, 2009

Four US-based steel companies announced Q4 and full year 2008 financial results today.  EBITDA and operating income per ton data for the quarter and the year have been added to the Nerds of Steel earnings spreadsheet. If you want to see the earnings announcements click on a company below. AK Steel Nucor Steel Dynamics US […]

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Updated 2009 US Steel Market Forecast

January 20, 2009

Those of you who read my presentation to the MSCI last September might be interested, amused or even shocked at the update that I presented recently to a corporate event (see slides below). 2008 finished about 10MT shy of the forecast I made in September and therefore 2009 looks to be down at least that […]

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2009 will be tough for steel – but how tough?

January 6, 2009

2009 will be a difficult year for the global steel industry.  How bad it gets and what happens on the other side of the global slowdown is impossible to predict. But there is no shortage of observers willing to paint a bleak picture.  In a recent article in the Financial Times, Peter Marsh summed up the […]

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China, Steel & the Growth of Both

December 17, 2008

The difficulties of interpreting and forecasting the current dynamic economic environment are revealed in the latest World Bank report on commodities. You can download the report at the World Bank site or directly from us here Commodities at the Crossroads, 2009. It’s long-winded holiday reading, but if you follow steel (or commodities generally) it’s worth […]

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US long products imports show small rise

November 19, 2008

US long products imports licenses grew marginally to 241,000 short tons in October from 233,000 tons of actual imports in September. As predicted in an earlier post, rebar licenses declined (to 37,000 tons from 58,000 September actuals) and wire rod licenses increased (to 143,000 tons from 97,000 September actuals). China accounted for a big portion […]

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