Steel Mills
December 17, 2020
Steel Dynamics Guides to Higher Q4
Written by Sandy Williams
Steel Dynamics Inc. reported that fourth-quarter 2020 earnings will be significantly higher than third quarter, driven by flat roll metal spreads and steady steel shipments. Average steel prices for the quarter are expected to offset increased scrap costs. Demand remains good, particularly in automotive and construction.
“Strong demand coupled with historically low steel inventories throughout the supply chain is supporting higher steel selling values and order entry activity,” said SDI in Q4 guidance remarks.
