World Steel Dynamics

Global Steel Financial Reports

WHX Corp

Region: US Major Mills

($ million, unless otherwise noted)

	2000 Q1	2000 Q2	2000 Q3	2000 Q4	2000	2001 Q1	2001 Q2	2001 Q3	2001 Q4	2001	2002 Q1	2002 Q2	2002 Q3	2002 Q4	2002	2003 Q1	2003 Q2	2003 Q3	2003 Q4	2003	2004 Q1	2004 Q2	2004 Q3	2004 Q4	2004	2005 Q1	2005 Q2	2005 Q3	2005 Q4	2005

EBITDA Steel per net ton shipped

-20

-10

EBITDA / Sales

-0.05

0.00

0.05

0.10

0.15

0.20

0.25

0.30

EBITDA / Interest Expense

-1

Capital Expenditures / Depreciation

-0.2

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

Source: Company reports, Bloomberg & WSD estimates

WORLD STEEL DYNAMICS