Steel Dynamics Says Chairman And Ceo Mark Millett Says We Remain Confident That Market Conditions Are In Place For Domestic Steel Consumption To Be Solid In H2 2024; We Will Be Benefiting From Additional 1.1M Tons Of Value-Added Steel Products In H2 Of This Year And Fully In 2025
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics' Chairman and CEO Mark Millett expressed confidence in solid domestic steel consumption for the second half of 2024. The company expects to benefit from an additional 1.1 million tons of value-added steel products in the second half of this year and fully in 2025.
July 17, 2024 | 8:35 pm
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Steel Dynamics' CEO Mark Millett is optimistic about solid domestic steel consumption in H2 2024. The company will benefit from an additional 1.1 million tons of value-added steel products in H2 2023 and fully in 2025.
The CEO's positive outlook on domestic steel consumption and the expected increase in value-added steel products are likely to boost investor confidence in Steel Dynamics. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100