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Steel Dynamics Inc (STLD.O)

STLD.O on Nasdaq

37.51USD
21 Jul 2017
Change (% chg)

$-0.18 (-0.48%)
Prev Close
$37.69
Open
$37.63
Day's High
$38.08
Day's Low
$37.46
Volume
2,629,628
Avg. Vol
3,151,827
52-wk High
$40.17
52-wk Low
$22.79

Latest Key Developments (Source: Significant Developments)

Steel Dynamics Q2 earnings per share $0.63
Wednesday, 19 Jul 2017 06:00pm EDT 

July 19 (Reuters) - Steel Dynamics Inc :Steel Dynamics reports second quarter 2017 results.Q2 earnings per share $0.63.Q2 sales $2.4 billion versus I/B/E/S view $2.36 billion.Q2 earnings per share view $0.63 -- Thomson Reuters I/B/E/S.Steel Dynamics Inc Q2 average steel product price increased less than consumed raw material scrap costs, resulting in steel metal spread compression.Steel Dynamics Inc says Q2 2017 average product selling price for company's steel operations increased $36 to $779 per ton.Steel Dynamics Inc says Q2 average ferrous scrap cost per ton melted increased $39 to $303 per ton.Steel Dynamics Inc says remain optimistic that macroeconomic and market conditions are in place to benefit domestic steel consumption in coming years.Steel Dynamics Inc says "believe North American automotive steel consumption will be steady".  Full Article

Steel Dynamics structural & rail division increases production capability, diversifies product offerings
Wednesday, 5 Jul 2017 12:15pm EDT 

July 5 (Reuters) - Steel Dynamics Inc ::Steel Dynamics structural and rail division increases production capability and diversifies product offerings.Steel Dynamics Inc - $75 million expansion will utilize excess melting and casting capability.Steel Dynamics Inc - ‍Upon completion of project, expansion is expected to add approximately 33 local jobs.​.Structural and rail division project provides for annual production of 240,000 tons of reinforcing bar in various sizes.Steel Dynamics Inc - Project is scheduled to be completed during Q4 2018.Steel Dynamics - Project complements addition of 200,000 tons of reinforcing bar capacity at roanoke bar division, expected to begin at end of 2017.  Full Article

Steel Dynamics Q1 earnings per share $0.82
Wednesday, 19 Apr 2017 06:00pm EDT 

April 19 (Reuters) - Steel Dynamics Inc ::Steel Dynamics reports first quarter 2017 results.Q1 earnings per share $0.82.Q1 sales $2.4 billion versus I/B/E/S view $2.14 billion.Q1 earnings per share view $0.62 -- Thomson Reuters I/B/E/S.Steel production utilization rate was 95 percent in q1 2017, compared to 81 percent in sequential q4.'we believe 2017 North American automotive steel consumption will be steady".  Full Article

Steel Dynamics reports effectiveness of s-4 registration statement
Monday, 17 Apr 2017 05:15pm EDT 

April 17 (Reuters) - Steel Dynamics Inc ::Steel Dynamics announces effectiveness of s-4 registration statement and launch of exchange offer for up to $400.0 million of its 5.000 pct senior notes due 2026.  Full Article

Steel Dynamics says awarded contract for expansion at its Roanoke bar division
Thursday, 2 Feb 2017 11:00am EST 

Steel Dynamics Inc : Steel Dynamics Inc - awarded contract for an expansion at its Roanoke bar division, located in Roanoke, Virginia to SMS Group . Steel Dynamics Inc says commissioning is expected to commence at end of 2017 .Steel Dynamics Inc- after upgrade, Roanoke bar division expects to increase production of REBAR to over 200,000 tons per year.  Full Article

Steel Dynamics settles previously announced tender offer
Tuesday, 6 Dec 2016 02:30pm EST 

Steel Dynamics Inc : Steel Dynamics - as of Dec. 5, co received tenders from holders of $266.2 million in aggregate principal amount of its 6.125 pct senior notes due 2019 . Redemption price for remaining outstanding 2019 notes will be at 103.063% . Steel Dynamics Inc - during Q4, company expects to recognize pretax charges of approximately $16 million, related to tender and call premiums .Steel dynamics announces settlement of previously announced tender offer and redemption call for the remainder of its 6.125 pct senior notes due 2019.  Full Article

Sims Metal Management says sale of assets in North America Metals, Central Region
Friday, 12 Aug 2016 05:00pm EDT 

Sims Metal Management Ltd : Sale is related principally to selected metals recycling facilities located in Tennessee and Mississippi . Sims metal management announces sale of assets in North America Metals, Central Region .Says sale of certain metals recycling assets in Central Region of North America to Steel Dynamics, Inc..  Full Article

Steel Dynamics Q2 earnings per share $0.58
Monday, 18 Jul 2016 06:00pm EDT 

Steel Dynamics Inc : During Q2 2016, saw continued positive momentum in flat roll steel supply environment . Saw improved volumes and profitability in our metals recycling platform for Q2 2016 . Steel dynamics reports second quarter 2016 results . Q2 earnings per share $0.58 . Q2 sales $2.0 billion versus I/B/E/S view $2.04 billion . Q2 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.22 excluding items . Anticipate improved flat roll metal spreads in Q3 2016 . Domestic steel demand outlook is relatively unchanged .Ferrous scrap demand improved in Q2.  Full Article

Steel Dynamics to acquire Vulcan Threaded Products
Thursday, 30 Jun 2016 03:50pm EDT 

Steel Dynamics Inc : Steel Dynamics to acquire Vulcan Threaded Products to expand SBQ finishing capabilities . Transaction is expected to be immediately accretive to 2016 earnings and cash flow per share. . Purchase price will be paid in cash from available funds .Co to purchase vulcan for $126 million, inclusive of $42 million in working capital, which is subject to typical post-closing adjustments..  Full Article

Steel Dynamics expect Q2 2016 EPS of $0.53 to $0.57
Monday, 13 Jun 2016 07:00am EDT 

Steel Dynamics Inc : Sees Q2 2016 earnings per share $0.53 to $0.57 . Steel Dynamics provides second quarter 2016 guidance and announces second quarter 2016 cash dividend . Sees Q2 2016 earnings per share $0.53 to $0.57 . Sets quarterly cash dividend of $0.14 per share . Metals recycling platform is expected to achieve higher sequential Q2 2016 earnings . Says Q2 2016 fabrication shipments are expected to remain consistent sequentially .Q2 profitability from steel operations expected to be almost double sequential Q1, based on both improved metal spread and shipments.  Full Article

U.S. makes final finding rebar exports from Taiwan dumped

WASHINGTON The U.S. Commerce Department said on Friday it had made a final finding that exports of steel concrete reinforcing bar (rebar) from Taiwan were dumped.