Shares of Steel Dynamics (STLD +2.9%) rise despite issuing downward guidance. This morning, the...

|About: Steel Dynamics, Inc. (STLD)|By:, SA News Editor

Shares of Steel Dynamics (STLD +2.9%) rise despite issuing downward guidance. This morning, the company said it expects Q4 EPS of $0.08-$0.12, well below $0.18 consensus, and estimated a 25% drop in Q4 flat rolled earnings. Increases in order entry and pricing will not materially impact Q4 but are expected to benefit in 2012.