SDI expects lower earnings in 2d quarter

Jun 19, 2013 | 03:09 PM | Daniel Fitzgerald

Tags  SDI, Steel Dynamics Inc, second-quarter earnings, earnings guidance, steel sales, metal recycling, steel, Daniel Fitzgerald

NEW YORK — Steel Dynamics Inc. (SDI) expects to post lower earnings for the second quarter, with a compression in profit margins offsetting increased sales volumes.

The Fort Wayne, Ind.-based company provided a second-quarter earnings guidance in a range of 10 to 14 cents per diluted share, down from 21 cents in the first three months of this year and 20 cents in the second quarter of 2012.....

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