SDI sees promising signs in auto, construction markets

Jan 29, 2013 | 03:07 PM | Samuel Frizell

Tags  Steel Dynamics, Mark Millett, automotive, manufacturing, nonresidential construction, iron ore, Samuel Frizell

NEW YORK — Steel Dynamics Inc. (SDI) sees promising signs for the year ahead in automotive and nonresidential markets, as well as benefits from its own iron ore production, company executives told investors during a Jan. 29 conference call.

"The ABI (architecture billings index) has been (positive) for five consecutive months," SDI chief executive officer Mark Millett said. "The nonresidential construction market is still challenging, (but) we see selective areas that show signs of improvement. ... We are poised to take full advantage when the construction market recovers."....





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