16
Mar
16:02
Steel Dynamics forecasts first quarter earnings uptick
US steel producer Steel Dynamics Inc expects its profits to rise year-on-year in the first quarter though they will remain well below Q4’s result, Kallanish reports.
Steel Dynamics expects profits of $0.88-0.92/diluted share in the quarter ended 31 March, compared with Q1 2017 profits of $0.82/share ($201 million) and Q4 profits of $1.28/share. Fourth quarter profits were heavily boosted by a $0.76/share tax benefit as a result of tax reform legislation si…
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Anonymous
Very good overview of the weekly steel market.
Anonymous