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18 Jul
21:32

SDI makes preparations for smaller workforce at mills

Steel Dynamics Inc (SDI) will seek greater operating efficiencies and address cost savings ideas, including employing fewer steelworkers per mill in the coming years, Kallanish learns from the Indiana-based company's earnings conference call. Steel Dynamics reported a decline in second-quarter financial performance, with income from steel operations down 37% on a year-on-year basis (see Kallanish July 17). The company cites lower steel metal margins and redu…
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