SDI’s net income halved in first quarter

Apr 19, 2012 | 11:03 AM | Chris Prentice

Tags  Steel Dynamics, SDI, Mark Millet, flat-rolled steel

NEW YORK — Steel Dynamics Inc. (SDI) saw net income plunge 56.9 percent in the first quarter on sales that fell 1.7 percent from the same period in 2011.

The Fort Wayne, Ind.-based steel producer posted net income of $45.7 million on sales of $1.98 billion during the three months ended March 31, down from $105.9 million in net income on sales of $2.02 billion....

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