Steel Mills
March 20, 2014
Steel Dynamics Earnings Guidance Reflects Weather Impact
Written by Sandy Williams
Extreme cold temperatures resulted in lower earnings for Steel Dynamics in first quarter 2014. In earnings guidance released this week, Steel Dynamics said severe winter weather resulted in increased energy costs, transportation problems, reduced production and lower shipments.
Earnings guidance was in the range of $0.13 to $0.17 per common share, a drop from $0.24 per share in the previous quarter and $0.21 in first quarter 2013.
