Steel Dynamics Reports Second Quarter Profit Drop

By Scott Sarvay

Steel Dynamics Reports Second Quarter Profit Drop

July 24, 2012 Updated Jul 24, 2012 at 11:02 AM EDT

Fort Wayne, Ind. (Indiana’s NewsCenter) – Steel producer Steel Dynamics, Inc. announces Tuesday its second quarter profits are down.

Steel Dynamics announced its second quarter profits of $44 million could not compare to the prior years net income of $99 million.

In the first half of 2012 net income was $90 million also down from the $205 million from the first half of 2011.




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