Steel Mills
June 16, 2018
Strong Second Quarter for Steel Dynamics
Written by Sandy Williams
Steel Dynamics is expecting second-quarter profitability to be “meaningfully” higher than the first quarter due to increased steel shipments and metal spread expansion. Steel pricing is outpacing scrap costs in Q2. Profitability has improved across all of SDI’s steel platform, but especially in sheet operations.
The metals recycling division is expected to be level with first-quarter results as higher shipments are offset by ferrous and non-ferrous metal spread compression.
