Steel 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.
News For STLD From The Last 14 Days
Check below for free stories on STLD the last two weeks.