19
Jun
14:41
Steel Dynamics sees profits falling in second quarter
US steel producer Steel Dynamics expects to see its earnings cut by almost two-thirds on-year and on-quarter in the second quarter, Kallanish learns from company guidance.
Steel Dynamics expects profits of $0.29-0.33/share in Q2, down from $0.88/ diluted share ($187 million) in Q1 and $0.87/diluted share ($194m) in Q2 2019.
“Even though our second quarter 2020 earnings are expected to be significantly lower than our robust sequential first quarter, th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous