15
Dec
17:48
SDI warns of lower Q4 shipments, crimped profit
Steel Dynamics Inc (SDI) released its fourth-quarter guidance with earnings per diluted share now estimated at $2.60 to $2.64, Kallanish understands.
In the fourth quarter of 2022, the Fort Wayne, Indiana-based steel producer and recycler reported $3.61 per diluted share. Net earnings were $3.47 per diluted share in the third quarter of 2023.
SDI’s statement notes that order activity remains stable. Lower shipments, steel flat product price decreases…
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Anonymous
Very good overview of the weekly steel market.
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