Steel Mills

April 21, 2016
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.


