SDI expects US steel pricing, demand strength to continue in Q2

摘要

Pittsburgh—Steel Dynamics Inc. expects its first quarter earnings to be “significantly” higher compared with the last quarter of 2020, with the strength in steel demand and pricing in the US expected to persist into Q2, the company said March 17. SDI expects its Q1 earnings to be in the range of $1.88 to $1.92 per diluted share, it said in its guidance for the quarter. By comparison, SDI reported earnings of 88 cents per diluted share, or net income of $187.34 million, in the year-ago period and earnings of 89 cents/diluted share, or net income of $188 million, in Q4 2020.