16
Dec
18:04
SDI sees profits falling in Q4
US steel producer Steel Dynamics Inc (SDI) anticipates a dip in profits for the fourth quarter due to margin compression and a seasonal drop in volume, Kallanish reports.
SDI expects to earn between $0.36-0.40/diluted share in Q4, down from Q3’s earnings of $0.64/share or $160 million.
“Fourth quarter 2016 profitability from the company's steel operations is expected to decrease significantly in comparison to sequential third quarter 2016 resu…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous