Steel Dynamics' Second-Quarter Profit Doubles, Expects $150 Million Capex in Second-Half 2018

Researched by Industrial Info Resources (Sugar Land, Texas)--Steel Dynamics, Incorporated (NASDAQ/GS: STLD) (Fort Wayne, Indiana) saw its second-quarter 2018 net income more than double to $362 million from the same period last year and expects capital expenditures for the second half of 2018 to be at least $150 million, executives with the steel producer said Tuesday. Industrial Info is tracking more than $417 million worth of active Steel Dynamics projects, including a galvanized steel line addition in Mississippi that was announced in June.

Within this article: Steel Dynamics' planned $140 million galvanizing line Companies: Nucor Corporation (NYSE: NUE)