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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 Q3 Adjusted Earnings Per Share $0.66 Excluding Items
Friday, 15 Dec 2017 06:00pm EST 

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 06:00pm EDT 

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

Steel Dynamics says repaid remaining 6.375 pct notes due 2022​
Monday, 16 Oct 2017 02:06pm EDT 

Oct 16 (Reuters) - Steel Dynamics Inc ::Effective October 13, co repaid all of its remaining outstanding 6.375% senior notes due 2022​ - SEC filing.Repaid remaining 6.375% senior notes due 2022 at price of 103.188% of principal amount of $167.1 million, with interest to Oct 13, 2017​.  Full Article

Steel Dynamics announces tender offer for any and all of its 6.375% senior notes due 2022
Wednesday, 6 Sep 2017 09:47am EDT 

Sept 6 (Reuters) - Steel Dynamics Inc :Steel Dynamics announces tender offer for any and all of its 6.375% senior notes due 2022.Steel Dynamics Inc - commenced a cash tender offer for any and all of $350 million aggregate principal amount of its 6.375% senior notes due 2022.Steel Dynamics Inc- holders must validly tender their notes prior to 5:00 p.m., new york city time, on September 12, 2017.  Full Article

Steel Dynamics announces offering of notes
Wednesday, 6 Sep 2017 09:45am EDT 

Sept 6 (Reuters) - Steel Dynamics Inc :Steel Dynamics announces offering of notes.Steel Dynamics Inc - ‍plans to sell approximately $350 million aggregate principal amount of debt securities in a transaction​.Steel Dynamics Inc - intends to use net proceeds of offering, along with cash on hand, to purchase any and all of its 6.375% senior notes due 2022.  Full Article

Danieli awarded order by Steel Dynamics Inc.
Thursday, 17 Aug 2017 06:14am EDT 

Aug 17 (Reuters) - DANIELI & C OFFICINE MECCANICHE SPA ::STEEL DYNAMICS INC. AWARDED DANIELI ORDER FOR BILLET WELDER AND SPOOLER LINE TO BE INSTALLED AT ITS COLUMBIA CITY, INDIANA FACILITY.  Full Article

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