Increased shipments boost OmniSource’s 2d-qtr. results

Jul 22, 2014 | 03:05 PM | Lisa Gordon

Tags  ferrous, nonferrous, shredder, OmniSource, Mark Millett, Steel Dynamics, Severstal, Lisa Gordon

PITTSBURGH — OmniSource Corp. posted an all-around improvement in the second quarter, when 46 percent of its shipments went to Steel Dynamics Inc. (SDI) mills.

The metal recycling arm of SDI posted operating earnings of $18.4 million for the three months ended June 30, up 16.5 percent from $15.8 million in the same period last year on sales....

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