A comparison of earnings before
interest, taxes, depreciation and amortization (Ebitda)/sales
ratios for select steel companies puts OAO Severstal in the top
global spot for the past year, followed by Gerdau SA and
ArcelorMittal SA. Essar Steel Algoma Inc. leads in North
America, followed by Gerdau and ArcelorMittal.
As has been the case for several years, international iron ore
suppliers lead in profitability, with BHP iron ore and Rio
Tinto iron ore at the forefront, followed by Vale SA, BHP
Billiton and Rio Tinto. BHP and Rio Tinto report results on a
half-year basis rather than quarterly. Essar Steel Algoma and
Severstal financial results for the first quarter of 2012 were
not available at press time.