Auto helping SDI steel sheet margins: Millett

Oct 17, 2013 | 04:53 PM | Catherine Ngai

Tags  steel, steel sheet, Steel Dynamics, Mark Millett, Dick Teets, catherine ngai

NEW YORK — A capacity shortfall coinciding with low inventory levels and increased end market demand is helping boost steel sheet margins, according to Steel Dynamics Inc. (SDI) president and chief executive officer Mark Millett.

"On the sheet side of our business, automotive has been very, very strong for us. Manufacturing is also good," he said during an earnings conference call Oct. 17. "We have a lot of optimism in the residential and HVAC (heating, ventilation and air conditioning) sector. We see inventories still being incredibly tight through the supply chain."....

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