Steel Mills
December 17, 2019
Steel Dynamics Expects Weaker Results in Q4
Written by Sandy Williams
Steel Dynamics is expecting lower earnings in the fourth quarter due to planned outages, lower shipments and refinancing costs. Earnings are expected to be in the range of $0.49 to $0.53 per diluted share compared to $0.69 per share in the third quarter and $1.17 per diluted share in Q4 2018.
Annual maintenance outages at Butler and Columbus resulted in costs of approximately $15 million and reduced flat roll steel shipments by 70,000-80,000 tons during the quarter.
