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    Market Segment

    March 18, 2025

    SDI anticipates improved Q1 profits on better shipments

    Written by David Schollaert

    Steel Dynamics Inc. expects profits to improve in the first quarter due to increased shipments amid metal margin compression, according to earnings guidance released on Tuesday.

    The Fort Wayne, Ind.-based steelmaker and metals recycler expects Q1’25 earnings guidance in the range of $1.36 and $1.40 per diluted share. That’s flat sequentially, but significantly lower than the $3.67 per share from the year-ago quarter.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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