"I could not be prouder of the Steel Dynamics team," said Steel Dynamics president and chief executive Mark D. Millett in announcing the company’s second-quarter earnings guidance.

"The operating, commercial, and financial teams have come together to deliver strong results within the current unprecedented health and economic environment. We are operating safely, providing ongoing customer support, and taking advantage of long-term financing opportunities."

SDI said construction-related demand has remained steady, and protections that are already in place will continue to limit the amount of unfairly traded steel products entering the U.S.

“The customer order backlog for the company's steel fabrication platform is strong and customers remain constructive concerning non-residential construction projects. At this time, the company has not seen widespread project delays or cancellations,” the company said.