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.....

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