“Average quarterly steel product pricing is expected to increase more than scrap costs, as steel pricing across the platform has been improving throughout the first quarter 2018, supported by strong domestic steel demand,” the company said in a statement. 

“Based on strong steel demand fundamentals and customer optimism, the company believes this pricing momentum and improving steel consumption will continue during the year.” 

The company also said the recently imposed Section 232 tariff and other trade actions should help to reduce imports. 

You can read Steel Dynamics’ full announcement here.