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More on Steel Dynamics (STLD): Q1 comes in largely in line, albeit slightly shy on total sales....

More on Steel Dynamics (STLD): Q1 comes in largely in line, albeit slightly shy on total sales. Overall revenue declined 9.4% Y/Y as price remain weak, but net earnings rose 5.6% as the steel maker posted fewer one-off charges. Overall shipments rose 1.4% to 1.47M tons, while the average selling price per ton declined 9.8% to $789 from a year earlier. As a result, gross margin narrowed to 9.8% from 10.2%. Shares -1% AH.
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