SDI Sees Q3 Earnings Drop, Lower Flat-Rolled Tags to Hit Steel Ops

Steel Dynamics Inc. (SDI) said it expects third-quarter earnings to be lower than the previous quarter and also below the results posted a year earlier.

The Fort Wayne, Ind.-based company reported Q3’23 earnings guidance on Monday in the range of $3.46 to $3.50 per diluted share. This compares with Q2’23 earnings of $4.81 per diluted share and $5.03 per diluted share in the same quarter a year ago.

Steel Dynamics Inc.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

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