Steel Mills
September 20, 2017
SDI Expects Steady Third-Quarter Results
Written by Sandy Williams
Steel Dynamics expects third-quarter financial results to be similar to the second quarter. Higher shipments during the quarter were somewhat offset by metal spread compression.
Average quarterly pricing is expected to be consistent with the second quarter, but average scrap prices will be higher. SDI notes continued high import levels are impacting the ability of domestic steel prices to keep pace with raw material costs.
