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17 Jul
22:23

US steel pricing, orders poised for recovery: SDI

Steel Dynamics Inc. (SDI) envisions a supportive steel market outlook for the second half of 2024, Kallanish discovers from the company’s second-quarter earnings release. Recent stabilisation in scrap pricing, a consistent steel demand outlook and extremely low downstream inventory levels bode well for business in the coming months, the Fort Wayne, Indiana-based steel producer and recycler states. “As fundamental steel demand remains constructive, cu…
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