16
Dec
20:03
Steel Dynamics anticipates lower profitability
US steel producer Steel Dynamics Inc anticipates sequentially lower earnings during its fourth quarter due to decreasing shipments and product margins, Kallanish reports.
According to the company, falling profitability in the latter half of this year has been exacerbated by higher-priced raw materials purchased at the beginning of this year. Steel Dynamics expects its Q4 earnings to be in the range of $3.34-3.38 per diluted share, down from both $5.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous