15
Jun
20:57
SDI to double Q2 earnings
US steel producer Steel Dynamics Inc expects its second-quarter earnings to more than double year-on-year, Kallanish understands.
Steel Dynamics anticipates Q2 profits of $1.46-1.50/diluted share in Q1, up from earnings of $0.63/diluted share or $154 million.
The primary causes for the boost are higher steel shipments and better margins.
"Average quarterly steel product pricing is expected to increase more than scrap costs, as steel pricing across the…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous