Steel Mills

SDI Expects Steady Third-Quarter Results
Written by Sandy Williams
September 20, 2017
Steel Dynamics expects third-quarter financial results to be similar to the second quarter. Higher shipments during the quarter were somewhat offset by metal spread compression.
Average quarterly pricing is expected to be consistent with the second quarter, but average scrap prices will be higher. SDI notes continued high import levels are impacting the ability of domestic steel prices to keep pace with raw material costs.
SDI expects earnings to decrease sequentially in its flat rolled operations and increase in its long products division.
The construction sector continues to be strong and energy is improving, said SDI executives. Although demand has softened from the automotive sector, SDI has continued to gain market share.
Positive growth in the nonresidential construction market is reflected by strong demand for steel joist and deck products. SDI expects earnings from its fabricated metal products business to be comparable to the second quarter due to steady demand and metal spread.
Third-quarter 2017 earnings guidance is in the range of $0.61 to $0.65 per diluted share.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

SSAB delays Swedish mill startup by one year due to grid challenges
The project is facing technical challenges related to upgrading the electric grid.

North Star BlueScope plans upgrades to Ohio plant
The projects are expected to be complete by the end of first quarter 2027. Three scheduled outages will be taken to accommodate the work, Danieli said.

Higher sheet and plate prices to bolster Nucor’s Q2 earnings
Higher prices are boosting the performance of Nucor’s steel mills segment in the current quarter, the company said on Wednesday.

SDI anticipates stronger sequential earnings
Steel Dynamics Inc. (SDI) expects stronger second-quarter sequential earnings when it releases its full earnings report on Monday, July 21st.

Nippon/USS finalize ‘partnership,’ including US government ‘Golden Share’
Nippon Steel and USS have finalized their "partnership" in a deal first announced in December 2023.