Steel Mills
March 20, 2017
Steel Dynamics Expecting Stronger Q1
Written by Sandy Williams
Steel Dynamics expects a meaningful increase in first quarter profits. Earnings per diluted share are expected to be in the range of $0.77 to $0.81 compared to $0.08 per diluted share in Q4 2016 and $0.26 per diluted share in Q1 2016.
In first quarter guidance comments, SDI attributed stronger results to higher shipments and metal spread expansion. Higher average steel prices in Q1 are expected to offset increased ferrous scrap costs.
