18
Sep
16:42
SDI expects profit downturn in third quarter
US steel producer Steel Dynamics Inc anticipates lower earnings both on-quarter and on-year in Q3, Kallanish learns from company guidance.
Steel Dynamics expects to earn $0.66-0.70/share in Q3, down from $0.87/share ($194 million) in Q2 and $1.69/share in Q3 2018.
Only the company’s fabrication business is expected to improve in Q3 as a result of higher shipments and margins.
The company’s steel operations will be primarily dragged down by its …
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Anonymous
Very good overview of the weekly steel market.
Anonymous