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Stock Market & Financial Investment News

News Breaks
July 22, 2014
07:52 EDTSTLDSteel Dynamics shares can advance further, says Wells Fargo
After Steel Dynamics announced that it was purchasing Severstal's Columbus mill, Wells Fargo thinks the deal will increase Steel Dynamics' EPs by 35c and derisks 2015 estimates for the company. The firm raised its price target range on the shares to $27-29 from $20-$22 and keeps an Outperform rating on the shares.
News For STLD From The Last 14 Days
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April 20, 2015
18:04 EDTSTLDSteel Dynamics sees Q2 being 'transitional'
Mark Millett, CEO of Steel Dynamics stated, "As the expected reduction in steel import volume and sustained lower scrap costs occur, we anticipate improved results in Q2, and throughout the remainder of the year. We believe Q2 will be transitional, and the timing of recovery may be later in the quarter than originally anticipated, as imports have not declined as quickly as originally anticipated, but we are seeing positive signs. While we continue to strengthen our financial position through strong cash flow generation, and execute our long-term strategy, we are well-positioned to grow. Customer focus, coupled with our market diversification and low-cost operating platforms, support our ability to maintain our best-in-class performance. We believe we are poised to capitalize on meaningful growth opportunities, both near-term and in the future, that will benefit our customers, shareholders, employees and communities."
18:02 EDTSTLDSteel Dynamics reports Q1 adjusted EPS 17c, consensus 15c
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15:37 EDTSTLDNotable companies reporting after market close
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April 15, 2015
10:46 EDTSTLDBofA/Merrill metals/mining/steel analysts hold analyst/industry conference call
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