19
Dec
19:30
Steel Dynamics anticipates lacklustre fourth quarter, strong Q1
US steel maker Steel Dynamics Inc (SDI) expects its fourth quarter earnings to increase slightly on year but drop compared to the third quarter, Kallanish understands from company guidance.
SDI anticipates Q4 earnings of $0.48-0.52/diluted share, down from adjusted earnings of $0.43/share ($106 million) in Q4 2016 and $0.64/share in Q3 ($153m).
"Despite a lower sequential fourth quarter earnings result, we remain confident that macroeconomic and market c…
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