Steel Dynamics expects higher earnings and record steel shipments
Steel Dynamics ($STLD) forecast third-quarter earnings of $5.34–5.38 per share, up from $3.69 in the preceding quarter and $2.74 a year earlier. Management expects record steel shipments and stronger steelmaking margins, reflecting higher selling prices alongside lower scrap costs. The outlook points to an improvement in the company’s largest operating business. Conditions are more mixed elsewhere. Metals recycling is expected to generate lower earnings as spreads and shipments decline, while st
0