18
Mar
15:33
SDI expects lower Q1 profits
US steel producer Steel Dynamics Inc expects profits to slip during the first quarter, Kallanish reports.
Steel Dynamics expects earnings of $0.88-0.92/diluted share in Q1, down from Q4 2018 earnings of $1.17/share or $270 million. In Q1 2018, the company earned $0.96/share or $228m.
The decline is primarily due to sagging sheet prices, though “...recent increases in sheet steel prices are having a positive impact, resulting in increased order activity …
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Anonymous
Very good overview of the weekly steel market.
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