Steel Dynamics (STLD) Guides Q4 Lower

December 16, 2011 9:04 AM EST
Steel Dynamics, Inc. (NASDAQ: STLD) expects fourth quarter earnings to be in the range of $0.08 to $0.12 per diluted share, versus the consensus of $0.18.

The firm cited an estimated 25% drop in anticipated fourth quarter flat rolled earnings and an estimated $10 million reduction in earnings from the company's liquid iron production facility, Iron Dynamics (IDI).


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