SDI expecting long product margins to subdue earnings

Dec 18, 2013 | 12:22 PM | Catherine Ngai

Tags  steel shipments, steel pricing, earnings guidance, Steel Dynamics, SDI, long products, OmniSource, Catherine Ngai

NEW YORK — Steel Dynamics Inc. (SDI) expects to post subdued earnings in the fourth quarter due to seasonal shipment declines coupled with decreased margins in its long products segment.

The Fort Wayne, Ind.-based producer has issued a fourth-quarter earnings guidance of 21 to 25 cents per diluted share compared with 25 cents in the third quarter and 27 cents in the fourth quarter of last year.....

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