Steel Mills
September 21, 2015
SDI Q3 Results Weaker than Expected
Written by Sandy Williams
Steel Dynamics Inc. anticipates improved profitability in third quarter from modestly increased margins that were offset by slightly lower shipments. Earnings will be higher than second quarter which was impacted by the closing of the Minnesota Iron operations and a planned maintenance outage at Iron Dynamics.
SDI expects overall average product pricing to be flat for the third quarter. Steel scrap costs are expected to decline but will benefit the fourth quarter margin spread.
