Steel Dynamics net earnings climb in 3d qtr.

Oct 16, 2013 | 07:09 PM | Samuel Frizell

Tags  SDI, Steel Dynamics Inc., quarterly results, net income, steel prices, ferrous scrap prices, Mark Millett, Samuel Frizell

NEW YORK — Steel Dynamics Inc. (SDI) reported significant year-to-year gains in net income in the third quarter with improved sheet steel margins and overall shipment volumes boosting the company’s results.

The Fort Wayne, Ind.-based steelmaker’s profits increased to $57 million in the third quarter ended Sept. 30 compared with $13 million in the same period last year. Net sales for the quarter jumped 13 percent to $1.9 billion compared with $1.7 billion in....





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