Edition:
India

Steel Dynamics Inc (STLD.OQ)

STLD.OQ on NASDAQ Stock Exchange Global Select Market

31.47USD
1:30am IST
Change (% chg)

$0.76 (+2.47%)
Prev Close
$30.71
Open
$31.02
Day's High
$31.80
Day's Low
$30.75
Volume
820,398
Avg. Vol
972,455
52-wk High
$49.70
52-wk Low
$25.02

Latest Key Developments (Source: Significant Developments)

Steel Dynamics Sees Q2 EPS Of $0.86 TO $0.90
Tuesday, 18 Jun 2019 

June 17 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS PROVIDES SECOND QUARTER 2019 EARNINGS GUIDANCE.SEES Q2 2019 EARNINGS PER SHARE $0.86 TO $0.90.Q2 EARNINGS PER SHARE VIEW $0.95 -- REFINITIV IBES DATA.Q2 2019 EARNINGS FROM COMPANY'S STEEL OPERATIONS IS EXPECTED TO DECREASE IN COMPARISON TO SEQUENTIAL Q1 RESULTS.Q2 2019 EARNINGS FROM COMPANY'S STEEL FABRICATION BUSINESS ARE EXPECTED TO IMPROVE FROM SEQUENTIAL Q1 RESULTS.SEES Q2 REDUCED EARNINGS PRIMARILY RELATED TO LOWER PROFITABILITY FROM COMPANY'S LONG PRODUCT STEEL OPERATIONS."UNDERLYING DOMESTIC STEEL DEMAND REMAINS INTACT".Q2 2019 PROFITABILITY FOR COMPANY'S METALS RECYCLING PLATFORM IS EXPECTED TO DECREASE WHEN COMPARED TO SEQUENTIAL Q1 RESULTS.HAD REPORTED Q1 EARNINGS PER SHARE $0.91 .Q1 EARNINGS PER SHARE ESTIMATE $0.97 -- REFINITIV IBES DATA.  Full Article

Steel Dynamics Sets Quarterly Cash Dividend Of $0.24Per Share
Friday, 17 May 2019 

Steel Dynamics Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.24PER SHARE.  Full Article

Steel Dynamics Reports Q1 Earnings Per Share $0.91
Monday, 22 Apr 2019 

April 22 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS REPORTS FIRST QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.91.Q1 SALES $2.8 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.83 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.97 -- REFINITIV IBES DATA.BELIEVE MARKET DYNAMICS ARE IN PLACE FOR DOMESTIC STEEL CONSUMPTION TO CONTINUE TO INCREASE THIS YEAR.BELIEVE NORTH AMERICAN STEEL CONSUMPTION WILL EXPERIENCE STEADY GROWTH IN 2019.STEEL DYNAMICS - DOWNWARD TREND IN FLAT ROLL STEEL PRICES BEGAN IN H2 2018, CONTINUED THROUGH MID-Q1 2019, REACHING INFLECTION POINT IN FEB.Q1 AVERAGE PRODUCT SELLING PRICE FOR COMPANY'S STEEL OPERATIONS $902 PER TON.QTRLY AVERAGE FERROUS SCRAP COST PER TON MELTED $338 PER TON.  Full Article

Steel Dynamics Sees Q1 2019 EPS Of $0.88 To $0.92
Monday, 18 Mar 2019 

March 18 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS PROVIDES FIRST QUARTER 2019 EARNINGS GUIDANCE.SEES Q1 2019 EARNINGS PER SHARE $0.88 TO $0.92.Q1 2019 EARNINGS FROM COMPANY'S STEEL OPERATIONS IS EXPECTED TO DECREASE IN COMPARISON TO SEQUENTIAL Q4 RESULTS.OVERALL STEEL SHIPMENTS ARE EXPECTED TO INCREASE IN Q1 2019, COMPARED TO Q4 2018 RESULTS.RECENT RISE IN SHEET STEEL PRICES HAVING POSITIVE IMPACT, RESULTING IN INCREASED ORDER ACTIVITY & RECONSTITUTED ORDER BACKLOGS.BELIEVES DOMESTIC STEEL CONSUMPTION WILL CONTINUE TO IMPROVE THROUGH YEAR.Q1 2019 PROFITABILITY FOR COMPANY'S METALS RECYCLING PLATFORM IS EXPECTED TO IMPROVE WHEN COMPARED TO SEQUENTIAL Q4 RESULTS.Q1 2019 EARNINGS FROM COMPANY'S STEEL FABRICATION BUSINESS ARE EXPECTED TO IMPROVE FROM SEQUENTIAL Q4 RESULTS.COMPANY'S FABRICATION SHIPMENTS ARE EXPECTED TO BE SEQUENTIALLY LOWER IN Q1 2019.ORDER BACKLOG IS STRONGER THAN IT WAS AT THIS TIME LAST YEAR.  Full Article

Steel Dynamics Announces First Quarter 2019 Cash Dividend Increase Of 28 Percent
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS ANNOUNCES FIRST QUARTER 2019 CASH DIVIDEND INCREASE OF 28%.INCREASES QUARTERLY CASH DIVIDEND BY 28 PERCENT TO $0.24PER SHARE.  Full Article

Steel Dynamics To Acquire 75 Percent Of United Steel Supply Llc
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS TO ACQUIRE 75 PCT OF UNITED STEEL SUPPLY, LLC TO EXPAND PAINTED GALVALUME DISTRIBUTION CAPABILITIES.STEEL DYNAMICS TO ACQUIRE 75 PCT OF UNITED STEEL SUPPLY, LLC TO EXPAND PAINTED GALVALUME DISTRIBUTION CAPABILITIES.STEEL DYNAMICS INC - DEAL FOR FOR $134 MILLION,.STEEL DYNAMICS INC - AGREED TO PURCHASE 75 PERCENT OF EQUITY INTERESTS OF UNITED STEEL SUPPLY FOR $134 MILLION.STEEL DYNAMICS INC - ADDITIONALLY, STEEL DYNAMICS HAS AN OPTION TO PURCHASE REMAINING 25 PERCENT EQUITY INTEREST OF UNITED STEEL SUPPLY IN FUTURE.STEEL DYNAMICS INC - HAS AN OPTION TO PURCHASE REMAINING 25 PERCENT EQUITY INTEREST OF UNITED STEEL SUPPLY IN FUTURE.STEEL DYNAMICS - EXISTING USS OWNERS WILL HAVE OPPORTUNITY TO RECEIVE ADDITIONAL EARN-OUT OVER 5-YEAR PERIOD AFTER CLOSING BY ACHIEVING CERTAIN METRICS.STEEL DYNAMICS-AS PART OF DEAL,BRET CURTIS & WILL WALDRIP WILL CONTINUE TO LEAD USS IN CURRENT CAPACITIES AS PRESIDENT & VICE PRESIDENT, RESPECTIVELY.  Full Article

Steel Dynamics Sees Q4 Adjusted Earnings Per Share $1.25 To $1.29 Excluding Items
Tuesday, 18 Dec 2018 

Steel Dynamics Inc ::STEEL DYNAMICS PROVIDES FOURTH QUARTER 2018 EARNINGS GUIDANCE AND ANNUAL 2018 RECORD EARNINGS EXPECTATIONS.SEES Q4 2018 EARNINGS PER SHARE $1.11 TO $1.15.SEES Q4 ADJUSTED EARNINGS PER SHARE $1.25 TO $1.29 EXCLUDING ITEMS.SAYS EXCLUDING ITEMS, COMPANY EXPECTS Q4 ADJUSTED EARNINGS TO BE IN RANGE OF $1.25 TO $1.29 PER SHARE.STEEL DYNAMICS - COMPANY BELIEVES STEEL CONSUMPTION AND MARKET DYNAMICS WILL REMAIN STRONG IN 2019.SAYS EXPECTS TO REPURCHASE MORE THAN 5% OF ITS OUTSTANDING SHARES, OR OVER $500 MILLION, DURING 2018.Q4 EARNINGS PER SHARE VIEW $1.36 -- REFINITIV IBES DATA.ANTICIPATES ANNUAL 2018 EARNINGS SIGNIFICANTLY HIGHER THAN 2017.BELIEVES STEEL CONSUMPTION AND MARKET DYNAMICS WILL REMAIN STRONG IN 2019.Q4 2018 PROFITABILITY FROM COMPANY'S STEEL OPERATIONS IS EXPECTED TO BE STRONG, BUT LOWER THAN SEQUENTIAL Q3 RESULTS.Q4 2018 EARNINGS FROM COMPANY'S METALS RECYCLING PLATFORM ARE EXPECTED TO INCREASE FROM SEQUENTIAL Q3 RESULTS.Q4 2018 PROFITABILITY FOR COMPANY'S STEEL FABRICATION BUSINESS IS EXPECTED TO INCREASE FROM SEQUENTIAL Q3 RESULTS.  Full Article

Steel Dynamics Sees Q3 2018 Adj EPS Of $1.64 To $1.68 Excluding Items
Tuesday, 18 Sep 2018 

Sept 17 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS PROVIDES THIRD QUARTER 2018 EARNINGS GUIDANCE.SEES Q3 2018 ADJUSTED EARNINGS PER SHARE $1.64 TO $1.68 EXCLUDING ITEMS.SEES Q3 2018 EARNINGS PER SHARE $1.60 TO $1.64 INCLUDING ITEMS.Q3 EARNINGS FROM METALS RECYCLING PLATFORM ARE EXPECTED TO DECREASE FROM SEQUENTIAL Q2 RESULTS.BASED ON STEADY DOMESTIC STEEL UTILIZATION, RECYCLED FERROUS VOLUMES & METAL SPREAD ARE EXPECTED TO REMAIN STEADY FOR Q3.Q3 PROFITABILITY FOR CO'S STEEL FABRICATION BUSINESS IS EXPECTED TO REMAIN STEADY FROM SEQUENTIAL Q2 RESULTS.HIGHER AVERAGE STEEL INPUT COSTS WILL OFFSET POSITIVE DEMAND FUNDAMENTALS IN Q3 2018.Q3 EARNINGS PER SHARE VIEW $1.68 -- THOMSON REUTERS I/B/E/S.  Full Article

Steel Dynamics Q2 Earnings Per Share $1.53
Tuesday, 24 Jul 2018 

Steel Dynamics Inc ::STEEL DYNAMICS REPORTS RECORD SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $1.53.Q2 SALES $3.1 BILLION VERSUS I/B/E/S VIEW $2.91 BILLION.Q2 EARNINGS PER SHARE VIEW $1.49 -- THOMSON REUTERS I/B/E/S.DURING Q2, WE SAW IMPROVED DEMAND AND PRODUCT PRICING ACROSS ENTIRE STEEL PLATFORM.FABRICATION PLATFORM EARNINGS WERE NEGATIVELY IMPACTED IN Q2, AS A RESULT OF HIGHER AVERAGE STEEL INPUT COSTS.PLAN TO INCREASE PRODUCTION DURING SECOND HALF OF 2018 TO APPROXIMATELY 40,000 TONS PER MONTH."WE REMAIN CONFIDENT THAT MACROECONOMIC AND MARKET CONDITIONS ARE IN PLACE TO BENEFIT DOMESTIC STEEL CONSUMPTION".EXPECT Q3 EARNINGS CONTRIBUTION FROM HEARTLAND TO BE REDUCED BY ABOUT $12 MILLION TO $15 MILLION.  Full Article

Steel Dynamics Announces Renewed And Extended Revolving Credit Facility
Friday, 29 Jun 2018 

Steel Dynamics Inc ::STEEL DYNAMICS ANNOUNCES RENEWED AND EXTENDED REVOLVING CREDIT FACILITY.STEEL DYNAMICS INC - COMPANY RENEWED ITS $1.2 BILLION CREDIT FACILITY AND EXTENDED MATURITY DATE AN ADDITIONAL FIVE YEARS TO JUNE 28, 2023.STEEL DYNAMICS INC - SUBJECT TO CERTAIN CONDITIONS, COMPANY HAS ABILITY TO INCREASE FACILITY SIZE BY A MINIMUM OF $750 MILLION.  Full Article