Steel Mills
SDI: Shipments Improve in Q1
Written by Sandy Williams
March 18, 2018
Steel Dynamics expects stronger results in the first quarter based on higher shipments and metal scrap expansion. Steel pricing is expected to more than offset scrap costs during the quarter. Steel pricing has been supported throughout the first quarter by robust demand, said SDI.
“Based on strong steel demand fundamentals and customer optimism, the company believes this pricing momentum and improving steel consumption will continue during the year,” wrote SDI in its first-quarter earnings guidance. “The company also believes that recent U.S. federal administration steel trade actions will result in reduced imports.”
SDI’s metal recycling platform is seeing higher shipments this quarter as a result of increased steel demand.
Earnings from the company’s steel fabrication business are expected to be somewhat lower than the fourth quarter due to seasonally lower shipments. Order backlog, however, is strong and demand from the nonresidential construction sector remains solid, said SDI.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
ArcelorMittal Mexico to import from sister mills as it works to resume DRI production
ArcelorMittal has partially restarted operations at its direct reduction plant in Lazaro Cardenas, Michoacan. An explosion on Aug. 18 rocked the massive steelworks on Mexico’s Pacific coast, impacting production of direct-reduced iron (DRI).
Fall maintenance outages are coming in hot
Labor Day has passed, the sun is starting to set a little earlier each day, and cooler weather has begun to find its way down to many of us across North America. And you know what that means for the steel industry… Fall maintenance outages!
AISI: Domestic steel production ticks up
US raw steel production ticked up in the week ending on Sept. 6 after a decrease the week before, according to the most recent data from the American Iron and Steel Institute (AISI).
Domestic mill shipments slip in July: AISI
US steel shipments decreased month over month in July, but were up from last year, according to the latest figures from the American Iron and Steel Institute (AISI).
Nippon and USS drop litigation vs. USW and Cliffs
Another chapter of the Great U.S. Steel Buyout of the 2020s melodrama has closed, with all involved parties terminating the litigation disputes between them.