Sheet tags said on rise; staying power unclear

Jul 23, 2014 | 11:21 AM | Michael Cowden

Tags  Steel Dynamics, SDI, Mark Millett, Richard Teets, steel, steel prices, scrap, scrap prices Michael Cowden

CHICAGO — Sheet prices are on the rise due to solid bookings despite flat to slightly lower scrap prices, Steel Dynamics Inc. (SDI) executives said, although one analyst questions the sustainability of current pricing levels.

"The sheet mill (in Butler, Ind.) is very strong. Obviously, there is some upward price momentum just recently," SDI president and chief executive officer Mark D. Millett said during the company’s second-quarter earnings call July 22.....

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