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    Market Segment

    December 17, 2024

    SDI warns of lower Q4 profits on weak prices, Butler outage

    Written by Stephanie Ritenbaugh

    Steel Dynamics Inc. expects profits to slide in the fourth quarter due to an unplanned mill outage and sagging steel prices, according to earnings guidance released on Monday.

    The Fort Wayne, Ind.-based steelmaker and metal recycler expects Q4’24 earnings guidance in the range of $1.26 to $1.30 per diluted share. That’s down from the Q3’24 earnings of $2.05 per diluted share and Q4’23 earnings of $2.61 per diluted share.

    Stephanie Ritenbaugh

    Stephanie Ritenbaugh is a reporter for Steel Market Update. She is an experienced business journalist, holding a variety of positions for trade publications and newspapers, including covering shale development for Gas Business Briefing/Platts and for the Pittsburgh Post-Gazette. She can be reached at stephanie.ritenbaugh@crugroup.com or +1 724-759-7868

    Read more from Stephanie Ritenbaugh

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