[Ferro-Alloys.com]  Underlying EBITDA of $7.6 billion was 33% higher than 2018 first half, reflecting higher prices which were partially offset by higher unit costs. The Platts index for 62% iron fines (CFR) was 31% higher on average compared with 2018 first half, which increased our EBITDA by $2.7 billion relative to 2018 first half.  -- Rio Tinto

U.S. Steel will likely post revenues of $3.45 billion in the second quarter. In comparison, the company posted revenues of $3.49 billion in the first quarter and $3.61 in the second quarter of 2018. The shipments and average selling prices drive U.S. Steel’s revenues. According to the first-quarter earnings call, U.S. Steel expects its second-quarter US flat-rolled shipments to rise on a sequential basis. The flat-rolled segment is U.S. Steel’s biggest segment.  -- US Steel

AK Steel managed to beat its bottom-line estimates. The company reported adjusted EBITDA of $151 million in the quarter, compared with $161 million in the first quarter and $148 million in the second quarter of 2018. Iron ore derivative contracts were the key driver of AK Steel’s Q2 earnings beat.  -- AK Steel

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• [Editor:kangmingfei]