US-based Steel Dynamics reports profitable second quarter

Tuesday, 20 July 2010 02:30:02 (GMT+2)

Second quarter net sales of $1.6 billion were more than double net sales of $792 million for the second quarter of 2009 and were 5 percent higher than first quarter 2010. Second quarter steel shipments of 1.3 million tons were 43 percent higher than the second quarter of 2009, but were 10 percent lower than the first quarter of 2010. In metals recycling, OmniSource's ferrous metals shipments in the second quarter were 1.4 million gross tons, up 10 percent from the first quarter, and non-ferrous shipments were 237 million pounds, down slightly from the first quarter.

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