Steel Mills
January 26, 2017
SDI CEO Says Demand Healthy and Growth Expected in 2017
Written by Sandy Williams
Steel Dynamics announced net income of $20 million for fourth quarter 2016. Company net sales totaled $1.9 billion, down from $2.1 billion in third quarter. Operating income decreased to $239.5 million from $338.7 million in the previous quarter.
Steel shipments for the quarter totaled 2.2 million; fabrication shipments totaled 131,186 tons. Average selling price for steel operations decreased $60 to $680 per ton. The steel production utilization rate for SDI was 81 percent in Q4, compared to 85 percent in third quarter and the domestic industry rate of less than 70 percent.
