Steel Mills
September 20, 2016
SDI Flat Roll Operations Drive Stronger Profits for Q3
Written by Sandy Williams
Steel Dynamics expects stronger profits in third quarter due to meaningful metal spread expansion. In the company’s third quarter guidance, SDI said higher steel pricing in Q3 will more than offset higher scrap prices, however, improved margins will be impacted by lower steel shipments across the product platform.
Higher earnings for third quarter are driven by the SDI’s flat-roll operations. Demand is still challenged in heavy equipment, agricultural and energy sectors but automotive remains strong and construction showing gradual improvement.
