Steel Mills
January 28, 2014
SDI Reports Solid Earnings
Written by Sandy Williams
Steel Dynamics reported solid earnings on Monday with Q4 2013 net income of $55 million on net sales of $1.9 billion, somewhat short of Q4 2012 net income of $61 million on sales of $1.7 billion. Full year income was $189 million, up from $164 million in 2012. Net sales for the year totaled $7.4 billion as compared to $7.3 billion a year ago.
The steel operations segment had total sales of $4.768 billion in 2013 on shipments of 6.1 million tons. SDI’s fabricated steel segment gained market share in 2013 with a 24 percent increase in annual shipments. Total sales in 2013 were $439 million on shipment of 366,676 tons. Order inquiry is up supporting optimism for nonresidential market recovery in 2014
