The company anticipate earnings to range between US$5.45 and US$5.55 per diluted share. This forecast reflects a positive trend compared to the first quarter of this year, where earnings were at US$4.45 per diluted share, as well as the second quarter of the previous year, which saw earnings of US$9.67 per diluted share.
The steel mills segment is expected to experience increased earnings in the second quarter of 2023, primarily due to higher profit margins derived from sheet mills. Additionally, the steel products segment is anticipated to exhibit strong performance in the upcoming quarter, similar to the results achieved in the preceding quarter.
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