17
Dec
15:19
Tight supply, strong demand boost SDI earnings outlook
Steel Dynamics Inc (SDI) expects its third quarter earnings to come in significantly above Q3, Kallanish reports.
SDI anticipates earnings of $0.72-0.76/share in Q4, up from earnings of $0.47/share ($100 million) in Q3.
The uptick is being fuelled by “...flat roll metal spread expansion and steady total steel shipments,” SDI says. Additionally, domestic steel demand from the automotive and construction sectors is “...leading the mome…
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Anonymous
Very good overview of the weekly steel market.
Anonymous