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Steel Dynamics Inc (STLD.OQ)

STLD.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Steel Dynamics Sees Q3 2018 Adj EPS Of $1.64 To $1.68 Excluding Items
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS PROVIDES THIRD QUARTER 2018 EARNINGS GUIDANCE.SEES Q3 2018 ADJUSTED EARNINGS PER SHARE $1.64 TO $1.68 EXCLUDING ITEMS.SEES Q3 2018 EARNINGS PER SHARE $1.60 TO $1.64 INCLUDING ITEMS.Q3 EARNINGS FROM METALS RECYCLING PLATFORM ARE EXPECTED TO DECREASE FROM SEQUENTIAL Q2 RESULTS.BASED ON STEADY DOMESTIC STEEL UTILIZATION, RECYCLED FERROUS VOLUMES & METAL SPREAD ARE EXPECTED TO REMAIN STEADY FOR Q3.Q3 PROFITABILITY FOR CO'S STEEL FABRICATION BUSINESS IS EXPECTED TO REMAIN STEADY FROM SEQUENTIAL Q2 RESULTS.HIGHER AVERAGE STEEL INPUT COSTS WILL OFFSET POSITIVE DEMAND FUNDAMENTALS IN Q3 2018.Q3 EARNINGS PER SHARE VIEW $1.68 -- THOMSON REUTERS I/B/E/S.  Full Article

Steel Dynamics Q2 Earnings Per Share $1.53
Monday, 23 Jul 2018 

Steel Dynamics Inc ::STEEL DYNAMICS REPORTS RECORD SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $1.53.Q2 SALES $3.1 BILLION VERSUS I/B/E/S VIEW $2.91 BILLION.Q2 EARNINGS PER SHARE VIEW $1.49 -- THOMSON REUTERS I/B/E/S.DURING Q2, WE SAW IMPROVED DEMAND AND PRODUCT PRICING ACROSS ENTIRE STEEL PLATFORM.FABRICATION PLATFORM EARNINGS WERE NEGATIVELY IMPACTED IN Q2, AS A RESULT OF HIGHER AVERAGE STEEL INPUT COSTS.PLAN TO INCREASE PRODUCTION DURING SECOND HALF OF 2018 TO APPROXIMATELY 40,000 TONS PER MONTH."WE REMAIN CONFIDENT THAT MACROECONOMIC AND MARKET CONDITIONS ARE IN PLACE TO BENEFIT DOMESTIC STEEL CONSUMPTION".EXPECT Q3 EARNINGS CONTRIBUTION FROM HEARTLAND TO BE REDUCED BY ABOUT $12 MILLION TO $15 MILLION.  Full Article

Steel Dynamics Announces Renewed And Extended Revolving Credit Facility
Thursday, 28 Jun 2018 

Steel Dynamics Inc ::STEEL DYNAMICS ANNOUNCES RENEWED AND EXTENDED REVOLVING CREDIT FACILITY.STEEL DYNAMICS INC - COMPANY RENEWED ITS $1.2 BILLION CREDIT FACILITY AND EXTENDED MATURITY DATE AN ADDITIONAL FIVE YEARS TO JUNE 28, 2023.STEEL DYNAMICS INC - SUBJECT TO CERTAIN CONDITIONS, COMPANY HAS ABILITY TO INCREASE FACILITY SIZE BY A MINIMUM OF $750 MILLION.  Full Article

Steel Dynamics Announces Columbus Flat Roll Division's New Galvanizing Line Expansion
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS ANNOUNCES COLUMBUS FLAT ROLL DIVISION'S NEW GALVANIZING LINE EXPANSION AND OTHER FACILITY ENHANCEMENTS.STEEL DYNAMICS - PLANS TO INVEST ABOUT $140 MILLION IN ADDING THIRD GALVANIZING LINE AT ITS COLUMBUS FLAT ROLL DIVISION.  Full Article

Steel Dynamics Reports Q1 Earnings Per Share $0.96
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS REPORTS FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.96.Q1 SALES $2.6 BILLION VERSUS I/B/E/S VIEW $2.58 BILLION.Q1 EARNINGS PER SHARE VIEW $0.91 -- THOMSON REUTERS I/B/E/S.INCREASES Q1 CASH DIVIDEND BY 21 PERCENT.STEEL DYNAMICS - REMAIN "CONFIDENT" THAT CURRENT & ANTICIPATED MACROECONOMIC & MARKET CONDITIONS ARE IN PLACE TO BENEFIT DOMESTIC STEEL CONSUMPTION IN 2018.Q1 2018 AVERAGE PRODUCT SELLING PRICE FOR COMPANY'S STEEL OPERATIONS INCREASED $61 TO $822 PER TON.STEEL DYNAMICS - STEEL PRODUCTION UTILIZATION RATE WAS 94 PERCENT IN Q1 2018, COMPARED TO ESTIMATED DOMESTIC STEEL INDUSTRY UTILIZATION RATE OF 76 PERCENT."BELIEVE RECENT U.S. FEDERAL ADMINISTRATION STEEL TRADE ACTIONS WILL RESULT IN REDUCED IMPORTS DURING THE YEAR".  Full Article

Steel Dynamics Reports Q4 EPS $1.28
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Steel Dynamics Inc ::FY 2017 SALES $9.5 BILLION.STEEL DYNAMICS REPORTS FOURTH QUARTER AND ANNUAL 2017 RESULTS.Q4 EARNINGS PER SHARE $1.28.Q4 REVENUE VIEW $2.21 BILLION -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE VIEW $0.55 -- THOMSON REUTERS I/B/E/S.STEEL DYNAMICS - RECORDED ONE-TIME TAX BENEFIT OF $181 MILLION IN QUARTER RESULTING FROM REVALUATION OF ITS DEFERRED TAX ASSETS AND LIABILITIES.STEEL DYNAMICS-IN QUARTER, HAD TAX BENEFIT OF ABOUT $16 MILLION, OR $0.07 PER DILUTED SHARE, RELATED TO SOME DISCRETE VALUATION ALLOWANCE REDUCTIONS, OTHERS.‍"BELIEVE RECENT TAX REFORM WILL ALSO PROVIDE A STIMULUS FOR ADDITIONAL DOMESTIC FIXED ASSET INVESTMENT AND GROWTH"​.FABRICATION ORDER BACKLOG AND CUSTOMER SENTIMENT REMAINS "STRONG".STRONG FABRICATION ORDER BACKLOG IS A POSITIVE INDICATION THAT NON-RESIDENTIAL CONSTRUCTION MARKET IS CONTINUING TO STRENGTHEN.QTRLY ‍CONSOLIDATED NET SALES $2.34 BILLION VERSUS $1.91 BILLION​.STEEL DYNAMICS - DOMESTIC STEEL INDUSTRY BENEFITED IN 2017 FROM IMPROVEMENT IN DEMAND, AS AUTOMOTIVE SECTOR REMAINED STRONG, & CONSTRUCTION, ENERGY SECTORS IMPROVED.STEEL DYNAMICS - "CONFIDENT" CURRENT AND ANTICIPATED MACROECONOMIC AND MARKET CONDITIONS ARE IN PLACE TO BENEFIT DOMESTIC STEEL CONSUMPTION IN 2018.DOMESTIC STEEL INVENTORY LEVELS HAVE MODERATED.WORLD STEEL DEMAND AND PRICING HAVE STRUCTURALLY IMPROVED AND DOMESTIC STEEL DEMAND REMAINS HEALTHY.  Full Article

Danieli To Design and Install Water-Treatment Plant At Indiana Facility Of Steel Dynamics
Monday, 15 Jan 2018 

Jan 15 (Reuters) - DANIELI ::STEEL DYNAMICS INC <<>> ORDERS WATER-TREATMENT PLANT FROM DANIELI FOR INDIANA FACILITY.  Full Article

Steel Dynamics Announces Effectiveness Of S-4 Registration Statement
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS ANNOUNCES EFFECTIVENESS OF S-4 REGISTRATION STATEMENT AND LAUNCH OF EXCHANGE OFFER FOR UP TO $350.0 MILLION OF ITS 4.125% SENIOR NOTES DUE 2025.STEEL DYNAMICS - EFFECTIVE DEC 22, WILL LAUNCH ITS OFFER TO EXCHANGE ITS REGISTERED EXCHANGE NOTES FOR OUTSTANDING UNREGISTERED OLD NOTES.STEEL DYNAMICS INC - OFFER WILL EXPIRE AT 5:00 PM NEW YORK CITY TIME ON JANUARY 24, 2018.  Full Article

Steel Dynamics Q3 Adjusted Earnings Per Share $0.66 Excluding Items
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS PROVIDES FOURTH QUARTER 2017 GUIDANCE.SEES Q4 2017 EARNINGS PER SHARE $0.48 TO $0.52.Q3 ADJUSTED EARNINGS PER SHARE $0.66 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW $0.65 -- THOMSON REUTERS I/B/E/S.Q4 2017 PROFITABLY FOR COMPANY'S METALS RECYCLING PLATFORM IS EXPECTED TO REMAIN CONSISTENT WITH SEQUENTIAL Q3 RESULTS.ESTIMATED Q4 2017 EARNINGS GUIDANCE DOES NOT INCLUDE IMPACT FROM ANY PROPOSED CHANGE TO FEDERAL TAX LEGISLATION IN UNITED STATES.Q4 2017 PROFITABILITY FROM CO'S OVERALL STEEL OPERATIONS EXPECTED TO DECREASE VERSUS Q3 RESULTS.ANTICIPATED LOWER Q4 EARNINGS ARE DRIVEN BY COMPANY'S FLAT ROLL OPERATIONS.STEEL DYNAMICS - OVERALL AVERAGE FLAT ROLL STEEL PRICING IS EXPECTED TO DECLINE MORE THAN CONSUMED SCRAP RAW MATERIAL COSTS IN Q4.LONG PRODUCT OPERATIONS ALSO ANTICIPATE LOWER SEQUENTIAL EARNINGS BASED ON LOWER SHIPMENTS IN Q4.  Full Article

Steel Dynamics q3 earnings per share $0.64
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Steel Dynamics Inc :Steel dynamics reports third quarter 2017 results.Q3 earnings per share $0.64.Q3 sales $2.4 billion versus I/B/E/S view $2.39 billion.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $0.66 excluding items.Steel Dynamics - remain "optimistic" that macroeconomic and market conditions are in place to benefit domestic steel consumption in 2018​.Steel Dynamics - ‍planned upgrades in Q4 require longer than typical outages, resulting in higher costs, lower shipments.Steel Dynamics Inc - ‍planned upgrades in Q4 will reduce potential Q4 2017 pretax earnings by an estimated $25 million​.  Full Article

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U.S. steel stocks fall as trade war intensifies

Shares in U.S. steel stocks fell on Friday as investors worried about escalating global trade tensions after President Donald Trump announced hefty tariffs on China.