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Steel Dynamics anticipates results boost

United States – Financial results from metals recycling activities are expected to show some improvement for the fourth quarter of 2012 ‘€˜as an anticipated decrease in ferrous shipments is expected to be more than offset by improved ferrous metal margins’€™, it has been stated by Steel Dynamics Inc., one of the USA’€™s largest domestic steel producers and metals recyclers, in issuing its fourth quarter earnings guidance.

Although at slightly lower levels, the company’€™s fabrication operations are still expected to remain profitable for the quarter, it adds.

The company’€™s overall steel shipments in the fourth quarter ‘€˜are expected to be fairly flat in comparison to the third quarter’€™, as increases in sheet volume are expected to be somewhat offset by decreased shipments at the Roanoke Bar and Engineered Bar divisions, with customers ‘€˜continuing to maintain tight control over inventory’€™, it says.

‘€˜The combination of global economic and political uncertainty continues to impact customer confidence and buying patterns,’€™ Steel Dynamics concludes.

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