SDI expects level earnings in 4th quarter
Dec 18, 2012 | 12:33 PM
| Chris Prentice
Tags
Steel Dynamics,
SDI,
steel,
sheet,
reinforcing bar,
rebar,
special bar quality,
merchant bar
rail
NEW YORK — Steel Dynamics Inc. (SDI) expects its fourth-quarter earnings to be similar to results reported for the previous three months and year-ago quarter due to relatively flat shipment levels.
The Fort Wayne, Ind.-based steelmaker is forecasting earnings of 18 to 22 cents per diluted share for the quarter ending Dec. 31, SDI said late Monday. Steel product market demand has been relatively unchanged during the final quarter of the year, with improved ferrous scrap margins helping to offset lower volumes in the company’s metals recycling business, SDI said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here