Flat Carbon Americas crude steel production increased 2.4% to 6.0 million tonnes for the three months ended December 31st 2011, as compared to 5.9 million tonnes for the three months ended September 30th 2011, due in part to normalized North American production following downtime during the third quarter of 2011 offset by lower production primarily in South America operations.
Steel shipments for the three months ended December 31st 2011 were 5.5 million tonnes, 4.4% lower than the three months ended September 30th 2011. Shipments declined in all operations with the exception of the US operations.
Sales in the Flat Carbon Americas segment were USD 5.0 billion for the three months ended December 31st 2011, a decline of 8.5% as compared to USD 5.5 billion for the three months ended September 30th 2011. Sales decreased primarily due to lower average steel selling prices (-4.6%) and steel shipment volumes.
EBITDA in the fourth quarter of 2011 declined by 43.6% to USD 237 million as compared to S420 million in the third quarter of 2011, driven primarily by price cost squeeze in North America on account of lower average steel selling prices and steel shipment volumes.
Flat Carbon Americas
| | Q4 '11 | Q3 '11 | Q3 '10 | FY '11 | FY '10 |
| Sales | 5,030 | 5.499 | 4,573 | 21,035 | 17,684 |
| EBITDA | 237 | 420 | 158 | 2,109 | 1,555 |
| Operating Income | 1 | 193 | -67 | 1,198 | 691 |
| Crude Steel Production '000t) | 6,009 | 5,866 | 5,636 | 24,215 | 23,101 |
| Steel Shipments ('000t) | 5,458 | 5,708 | 5,432 | 22,249 | 21,028 |
| Average Steel Selling Price (USD/t) | 868 | 910 | 769 | 892 | 781 |
| EBITDA/tonne (USD/t) | 43 | 74 | 29 | 95 | 74 |
| Operating Income/tonne (USD/t) | 3 | 34 | -12 | 54 | 33 |
In USD million unless otherwise shown
