Steel Dynamics (STLD) gives an update on its Q4, saying it anticipates overall steel shipments...

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

Steel Dynamics (STLD) gives an update on its Q4, saying it anticipates overall steel shipments to be roughly flat compared with Q3 as economic and political uncertainty continue to impact buying patterns. The steel maker now expects Q4 earnings of around $0.18 to $0.22, which is still better than Street estimates of $0.11. Metal-recycling results are expected to improve compared with the previous quarter, as ferrous-metal margins strengthen. Shares -0.5% AH.