Steel Mills
October 17, 2013
SDI Reports Strong 3Q Results
Written by Sandy Williams
Steel Dynamics reported a strong third quarter net income of $57 million on net sales of $1.9 billion. In comparison, SDI reported $13 million net income on net sales of $1.7 billion in September 2012, and $29 million on net sales of $1.8 billion in second quarter 2013.
“Our consolidated operating income increased 64 percent to $113 million for the third quarter 2013, as compared to the second quarter of this year,” said Chief Executive Officer, Mark Millett. “Stronger steel sheet pricing combined with increased overall steel shipments, provided significant improvement to our third quarter financial results, as operating income from our steel operations sequentially increased $61 million.
