Busse Tells Analysts SDI Will Suffer Rare Loss in 4Q

December 2008
Metal Center News;Dec2008, Vol. 48 Issue 13, p70
Trade Publication
The article forecasts the financial performance of Fort Wayne, Indiana-based Steel Dynamics Inc. for the fourth quarter of 2008. Chief financial officer Keith Busses says that the company will post a rare losing quarter due to the declining value of scrap inventories and the length of time it has taken to work them in the system. He emphasizes that the early part of the quarter is characterized by few orders coming into the company and other steelmakers.


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