17
Dec
16:46
Steel Dynamics predicts lower fourth quarter results
US steel producer Steel Dynamics Inc expects its fourth quarter earnings to dip both on-quarter and on-year, Kallanish understands.
Steel Dynamics anticipates earnings of $0.49-0.53/share in Q4, down from earnings of $0.69/share ($151 million) in Q3 and earnings of $1.17/share ($270m) in Q4 2018.
Two planned maintenance outages during the quarter at the company’s Butler, Pennsylvania, and Columbus, Ohio, mills reduced earnings by $15m, along wit…
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Anonymous
Very good overview of the weekly steel market.
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