June 22 (Reuters) - Steel Dynamics Inc forecast a drop in second-quarter adjusted profit, citing a fall in average selling prices due to steel imports staying higher than anticipated.
June 22 (Reuters) - Steel Dynamics Inc on Monday forecast a drop in second-quarter adjusted profit, citing a fall in average selling prices due to steel imports staying higher than anticipated.
We were encouraged by Steel Dynamics ' second-quarter guidance release ..... remainder of the year. The fact that Steel Dynamics remained profitable through extremely ..... explicit forecast period, we expect Steel Dynamics to generate gradual earnings
On the morning of May 26, Steel Dynamics announced the 24-month idling ..... provide low-cost iron units to Steel Dynamics ' electric arc furnaces. Ultimately ..... ton, significantly lower than Steel Dynamics ' expected iron nugget cash
presented by a strong U.S. dollar, Steel Dynamics remained profitable in the first quarter ..... effectively unchanged. We still expect Steel Dynamics to generate a 6.5% operating margin ..... production. In our view, however, Steel Dynamics remains firmly entrenched as a low
restored in the second quarter. The market commentary Nucor provided in its guidance release was consistent with that from Steel Dynamics in its guidance release March 17. Both companies argued that U.S. end-market demand for steel is healthy and import
steelmakers under our coverage rallied after Steel Dynamics released its first-quarter guidance ..... steelmakers, the outlook provided by Steel Dynamics seems to indicate that the operating ..... declined roughly 30% in February alone. Steel Dynamics and other minimill operators will face
catalyst would be Commercial Metals, Gerdau GGB, Nucor, and Steel Dynamics STLD, each of which has an established fleet of electric ..... rolled steelmakers under our coverage (AK Steel, Nucor, Steel Dynamics , and U.S. Steel) have endured steep sell-offs in
signs of softening. Share prices for AK Steel, Nucor, Steel Dynamics , and U.S. Steel have been pressured in recent months ..... of steel spot prices. The shares of AK Steel, Nucor, Steel Dynamics , and U.S. Steel rallied 10.1%, 3.4%, 5.6
Our thesis that the U.S. steelmaking space is oversold remains very much intact after AK Steel, Nucor, Steel Dynamics , and U.S. Steel each reported fourth-quarter earnings this week. In summary, we argue that although significant headwinds