The company on Wednesday said it expects to report second-quarter earnings in the range of US$4.60 to US$4.70 per diluted share. That would surpass the earnings record set in the first quarter of this year, when the company reported a profit of US$3.10 per diluted share. 

“All three operating segments are continuing to generate robust profitability as overall strong demand is supporting higher average selling prices,” the company said, adding that it foresees a strong market at least through the summer. 

“We believe that these strong market conditions will continue in the third quarter. The profitability of the steel products segment is expected to significantly improve as compared to the second quarter, and we expect increased earnings from the steel mills segment in the third quarter as well,” it said.