Steel Dynamics reports record profit as Fort Wayne steelmaker ships more than ever

Steel Dynamics: Q1 Earnings Snapshot

FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Monday reported first-quarter profit of $403.4 million.

Steel Dynamics reports record profit as Fort Wayne steelmaker ships more than ever

Steel Dynamics, based in Fort Wayne, reported a higher first-quarter profit with record steel shipments and rising steel prices driving the results. The company also announced a 6% increase in its first-quarter cash dividend and expects strong demand for steel…

Steel Dynamics ships a record 3.6M tons as steel prices rebound

Operating income reached $538 million and adjusted EBITDA hit $700 million as steel prices outpaced scrap costs. Steel Dynamics also raised its cash dividend 6%.