Steel Mills
July 20, 2017
SDI Sees 'Positive Pricing Environment' Ahead of Section 232
Written by Sandy Williams
Steel Dynamics, Inc., is excited about the second half and is expecting growth in all sectors through 2018. CEO Mark Millett says the flat rolled arena remains very strong despite a slight turning of the automotive market. Infrastructure is continuing to grow, as evidenced by cranes and road work funded by states, if not federal coffers. Energy and construction are improving.
Order rates for SDI are solid with lead times 3-4 weeks for hot rolled coil and 5-6 weeks for value-added products. The Nucor $25 per ton price increase is likely to stick, said Millet, and be followed by others in the industry.
