Steel Mills
September 18, 2014
SDI Expects Higher Profits in Q3
Written by Sandy Williams
Steel Dynamics Inc. expects profits from third quarter steel operations to surpass second quarter and year over year results. In their third quarter guidance, SDI indicated earnings of $0.34 to $0.38 per diluted share that will include before tax charges of $34 million related to the acquisition and financing of Severstal Columbus.
Shipments and metal spreads are improved across all steel platforms despite higher import levels. Key markets for SDI are automotive, manufacturing, energy and construction, all which are continuing to improve.
