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Friday, June 15, 2012

Stock Alert - Steel Dynamics (STLD) provides Q2 EPS guidance of $0.15-$0.20 vs $0.26 consensus estimate- 6/15/12

Steel Dynamics (STLD) provides Q2 EPS guidance of $0.15-$0.20 vs $0.26 consensus estimate. Despite relatively stable sheet steel demand, STLD says the softer estimate is mostly "the result of decreased sheet steel pricing attributable to supply-side pressures from increased imports and increased domestic steel capacity." STLD -1% AH

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