19
Mar
14:06
Steel Dynamics sees profits rising on-quarter
US steel producer Steel Dynamics Inc expects earnings to tick up in the first quarter, though the second quarter is likely to be dinged by on-going Covid-19 concerns, Kallanish reports.
Steel Dynamics puts its expected earnings for Q1 at $0.83-0.87/share, up from $0.56/share ($123.7 million) in Q4 2019 but down from $0.91/share in Q1 2019 ($204m).
“First quarter 2020 earnings from the company's steel operations is expected to be meaningfully…
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