Steel Mills
January 23, 2020
Steel Dynamics Emerges Strong from Challenging 2019
Written by Sandy Williams
Steel Dynamics reported record steel shipments of 10.8 million tons and net sales of $10.5 billion in 2019 for the company’s second-best sales performance. Steel fabrication also set a yearly record with shipments of 644,000 tons, and almost doubled its operating income from 2018.
Sales declined 11 percent to $11.5 billion from the record high of $11.8 billion set in 2018, due to hot rolled price indices plummeting $229 per ton and customer destocking. Net income for the year was $671 million, SDI’s third best year.
