Steel Dynamics expects to improve results

American steelmaker Steel Dynamics predicts good prospects for 2011. It is reported by Reuters. In particular against the background of economic recovery and its effect on the growth of steel production and processing of metal Steel Dynamics expects good prospects for steel sales. It is assumed that sales will grow to $ 8 billion, "We expect better results for companies in all segments in I quarter compared with the end of 2010" - the company said. "Prospects for Steel Dynamics were very good in the first half of the year" - said Longbow Research analyst Luke Folta. Recall that in the IV quarter 2010 profit of 7 cents per 1 share, and sales - 979 million dollars previously reported that Steel Dynamics in III quarter of 2010 compared to same period in 2009 reduced net income by 72.9% up to $ 18.7 million, or 9 cents per share. The American company "Steel Dynamics Inc" is one of the leaders of the American steel market. Every year, holding produces over 4.7 billion tons of steel and steel products. The annual income of Steel Dynamics reaches 3.2 billion dollars Ministry of Industry