Steel Dynamics sees greater stability ahead
Apr 19, 2012 | 04:36 PM
| 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 companys 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 wont expand dramatically," he said.....
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