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    Steel Mills

    Steel Dynamics Flat Rolled Division Operating at 88 Percent

    Written by Sandy Williams


    Steel Dynamics announced a strong quarter with net income of $63 million on net sales of $1.7 billion for first quarter 2016.

    Steel operating income increased 104 percent to $136 million from fourth quarter due to a 17 percent improvement in shipments which totaled 2.12 million tons. Average steel selling price dropped $40 from Q4 to $574 per ton. Ferrous scrap cost per ton melted decreased $21 to $184 per ton.

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