SDI expects flat 1st qtr.; OmniSource to fall

Mar 19, 2013 | 09:48 AM | Catherine Ngai

Tags  Steel Dynamics, OmniSource, earnings, structural, longs, steelmaker, Fort Wayne, Mark Millet SBQ

NEW YORK — Steel Dynamics Inc. (SDI) expects relatively flat first-quarter earnings as the nonresidential construction sector continues its slow climb to recovery, even as global economic uncertainty continues to impact consumers’ purchasing patterns.

The Fort Wayne, Ind.-based steel producer is projecting net income of between 17 to 21 cents per diluted share for the first three months of the year, compared with earnings of 20 cents per diluted share in both the fourth quarter of 2012 and the same quarter the prior year, it said in its first-quarter guidance....

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