- Steel Dynamics (NASDAQ:STLD) sees Q4 EPS of $0.38-$0.42, below $0.44 analyst consensus estimate, citing acquisition costs and fallen raw material prices.
- STLD says it expects to boost production by ~40%, to 11M tons, giving it a better position and product mix in higher-growth markets in the southern U.S. and Mexico.
- Metals recycling was the hardest hit segment, with a projected Q4 loss vs. a $13M operating profit in Q3; shipments and margins are expected to fall nearly 10% Q/Q.
- STLD +0.9% premarket.