26
Jan
16:46
Impairment costs, imports hamper SDI earnings
Import pressure, seasonal market weakness and charges related to its metals recycling operations pulled Steel Dynamics Inc into the red in both the fourth quarter and full-year 2015, Kallanish learns from a company release.
The company posted a Q4 net loss of $253 million on sales of $1.6 billion. If a non-cash goodwill and asset impairment charge generated by its recycling operations is excluded, the company posted a net profit of $22m. It had posted an adjuste…
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Anonymous
Very good overview of the weekly steel market.
Anonymous