20
Oct
18:29
Steel Dynamics reports lower profits, increased auto confidence
US steel producer Steel Dynamics Inc saw its third-quarter profits drop on lower Covid-19 related sales, but auto appears to be sweetening the outlook for the fourth quarter, Kallanish reports.
Steel Dynamics earned $100 million on sales of $2.3 billion during the quarter, down from Q3 2019 earnings of $151m on sales of $2.5 billion.
"The domestic steel demand recovery has been strong, with automotive representing the most meaningful improvement …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous