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News Breaks
September 17, 2013
18:05 EDTSTLDSteel Dynamics sees 4c per share loss in Q3 on Minnesota operations
Steel Dynamics said the impact of anticipated losses from the company's Minnesota operations for Q3 is expected to be approximately 4c per diluted share, similar to the impact in Q2. Production rates and plant availability continue to improve and are meeting current expectations, the company said. Steel Dynamics also said the automotive and manufacturing markets remain strong, and the residential construction market continues to show signs of improvement, positivity impacting demand for the company's painted and Galvalume sheet products. Metals recycling financial results are expected to be lower for Q3 when compared to Q2, as anticipated increases in ferrous and nonferrous shipments are expected to be more than offset by decreased ferrous margin.
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June 22, 2015
12:33 EDTSTLDSteel stocks lag market after AK Steel sees Q2 results hindered by imports
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07:32 EDTSTLDSteel Dynamics sees Q2 steel ops profitability to be similar to Q1
Improved second quarter 2015 shipments will be offset by unexpected metal margin compression, driven by steel imports remaining much higher than originally anticipated, resulting in average quarterly steel prices decreasing more than average quarterly scrap prices. The benefit of reduced scrap pricing was realized in the second quarter; but, the continued flood of steel imports thus far in 2015 continued to pressure steel product pricing to a greater degree. However, steel pricing has recently begun to stabilize and domestic steel demand remains solid. Continued demand for the company's fabricated steel joist and decking products indicates the non-residential construction market is continuing a positive trend. Second quarter 2015 profitability from the company's fabrication operations is expected to be higher than near-record sequential first quarter 2015 results. Metals recycling financial results are also expected to be higher for the second quarter 2015, compared to the sequential first quarter, based on both increased shipments and metal margin, as pricing volatility subsided.
07:31 EDTSTLDSteel Dynamics sees Q2 adjusted EPS 20c-24c, consensus 24c
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June 18, 2015
07:51 EDTSTLDSteel Dynamics reiterated as a top pick in steel sector at Cowen
Cowen reiterated Steel Dynamics as a top pick in the steel sector, citing the potential for efficiency improvements in its Columbus mill, strong demand and the falling rate of imports. Cowen reiterated its Outperform rating and $27 price target on Steel Dynamics shares.

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