Steel Stocks Higher as Steel Dynamics (STLD) Reports Solid Q1

Traders should be watching steel stocks in the after-hours session following a strong Q1 report from Steel Dynamics (Nasdaq: STLD).

Shares of Steel Dynamics are up more than 2 percent in post-market trade.

The company issued quarterly earnings of 46 cents per share on sales of $2.02 billion. The Street was looking for EPS of 41 cents on sales of $1.81 billion.

Around the sector:

• AK Steel (NYSE: AKS) up about 1 percent from the close to $15.55
  
• Nucor (NYSE: NUE) up about 0.5 percent to $45
  
• US Steel (NYSE: X) up about 0.5 percent to $50.75
  
• Schnitzer Steel (Nasdaq: SCHN) flat at $58.62

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