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Stock Market & Financial Investment News

News Breaks
March 18, 2013
18:02 EDTSTLDSteel Dynamics sees Q1 EPS 17c-21c, consensus 22c
First quarter overall steel shipments are expected to be fairly flat in comparison to the fourth quarter 2012, as decreases in galvanized sheet volume are expected to be offset by increased long product shipments, including engineered special-bar-quality products, standard railroad rail and wide flange products. The global economic uncertainty continues to impact customer confidence and buying patterns. However, the residential construction market is stronger, and market optimism remains in place for improvement in non-residential construction demand, as modest increases in key directional indices continue to show signs of recovery from base historical lows. Automotive and manufacturing markets continue to be strong. Metals recycling financial results are expected to decrease somewhat for the first quarter, compared to the sequential quarter, as anticipated increases in shipping volumes are offset by decreased margins. In addition, the company's fabrication operations are expected to remain profitable for the fifth consecutive quarter, a possible sign of slowly improving nonresidential construction activity.
News For STLD From The Last 14 Days
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April 16, 2014
18:03 EDTSTLDSteel Dynamics reports Q1 EPS 17c, consensus 16c
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April 9, 2014
07:48 EDTSTLDBofA/Merrill's steel analysts hold an analyst/industry conference call
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