Steel Mills
March 18, 2018
SDI: Shipments Improve in Q1
Written by Sandy Williams
Steel Dynamics expects stronger results in the first quarter based on higher shipments and metal scrap expansion. Steel pricing is expected to more than offset scrap costs during the quarter. Steel pricing has been supported throughout the first quarter by robust demand, said SDI.
“Based on strong steel demand fundamentals and customer optimism, the company believes this pricing momentum and improving steel consumption will continue during the year,” wrote SDI in its first-quarter earnings guidance. “The company also believes that recent U.S. federal administration steel trade actions will result in reduced imports.”
