| Steel Dynamics gives solid 3Q forecast | |
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NEW YORK (AP) -- Steel Dynamics forecast a strong third-quarter profit on Wednesday, citing increased shipments and solid demand from key markets.
The Fort Wayne, Indiana, company said its steel operations will be more profitable in the third quarter than they were in the second quarter. It also said demand from the automotive, manufacturing, energy and construction markets is improving.
The company forecast an adjusted profit of 42 to 46 cents per share. FactSet says analysts are expecting net income of 37 cents per share, on average.
Steel Dynamics Inc. stock rose 67 cents, or 2.7 percent, to $25.52 in aftermarket trading.
The forecast excludes costs connected to Steel Dynamics' acquisition of Severstal Columbus LLC, which closed on Tuesday. Steel Dynamics bought the Ohio mini-mill from Russian steelmaker OAO Severstal for $1.63 billion.
Shares of Steel Dynamics picked up 91 cents, or 3.8 percent, to $24.85 during the day after U.S. Steel Corp. gave a strong forecast for the current quarter. U.S. Steel said its operations have performed well and steel market conditions in the United States are stable.
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United States Steel Corporation
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CODE : X |
ISIN : US9129091081 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
United States Steel est une société de production minière de fer et de étain basée aux Etats-Unis D'Amerique. United States Steel est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 6,4 milliards US$ (5,7 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 mars 2003 à 10,01 US$, et son plus haut niveau récent le 30 novembre 2007 à 98,85 US$. United States Steel possède 176 184 431 actions en circulation. |