Steel Mills
January 29, 2015
Steel Dynamics Reports New Records in 2014
Written by Sandy Williams
Steel Dynamics reported a record setting year and fourth quarter 2014. Steel shipments for the quarter were up 51 percent to 2.3 million tons from 1.5 million tons in Q3 2013. Steel fabrication had operating income of $22 million following a loss of $122,000 a year ago.
For the full-year 2014 steel shipments totaled 7.4 million tons, up 20 percent and setting individual records at Butler and Columbus. Total sales from steel operations were $5.9 billion compared to $4.7 billion in 2013. Steel fabrication shipments of 481,000 tons resulted in operating income of $52 million—nearly seven times 2013 results. Annual net income for 2014 was $157 million.
