18
Jun
16:23
SDI expects lower profits in second quarter
US steel producer Steel Dynamics Inc sees profits falling in the second quarter relative to both the first quarter and Q2 2018, Kallanish learns from company guidance.
Steel Dynamics expects to earn $0.86-0.90/diluted share in Q2, down from $0.91/share in Q1($204 million ) and $1.53/share in Q2 2018 ($362m).
These anticipated results mirror the pattern announced earlier this week by domestic mini-mill competitor Nucor.
“Although average product prici…
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Anonymous
Very good overview of the weekly steel market.
Anonymous