Steel Dynamics sees greater stability ahead

Apr 19, 2012 | 04:36 PM | Chris Prentice

Tags  Steel Dynamics, SDI, flat roll, long products, ferrous scrap, mark millett, chris prentice

NEW YORK — Steel Dynamics Inc. is forecasting greater stability and modest growth in the steel markets through the rest of 2012.

The Fort Wayne, Ind.-based steel producer expects to see improvement in the company’s operating margins thanks to steady demand, more stable domestic-market pricing and less-attractive imports, president and chief executive officer Mark Millett said during a conference call Thursday. However, the issue of overcapacity likely will keep margin growth moderate. "Until that goes away, that margin won’t expand dramatically," he said.....

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