The company made $5.1 billion in sales from April to June 2023. The operating profit of the steelmaking division for this time period was $706 million due to stable steel supply levels at 3.2 million tons and a balance between rising steel prices and falling scrap costs.
Steel Dynamics increased its net profit by 27.5%
In the second quarter of 2023, the American steel producer Steel Dynamics increased its net profit by 27.5% compared to the previous quarter up to $812 million.
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