Steel Mills
October 20, 2016
SDI Believes Weaker Demand is Seasonal, Not Structural
Written by Sandy Williams
Steel Dynamics reported higher flat rolled prices resulted in an 11 percent increase in earnings in the third quarter. Net earnings were $284 million on net sales of $2.1 billion. Adjusted net income, including a $5 million litigation settlement charge, was $157 million for the quarter.
SDI steel production was at 85 percent capacity in third quarter compared to the industry average of 69-70 percent. SDI’s Butler operation operated at 97 percent.
