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20 Apr
23:31

US' Steel Dynamics retains profits in first quarter

US steel producer Steel Dynamics Inc saw its first-quarter profits hold relatively steady on-year, though the on-going Covid-19 pandemic makes the outlook for future quarters murky, Kallanish understands.  Steel Dynamics earned $187 million on sales of $2.6 billion in Q1, down from income of $204m on sales of $2.8 billion in Q1 2019.  "It is still too early to determine the full scope of the negative impact Covid-19 will cause to global economies a…
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