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Steel Dynamics, Inc. stock price
Steel Dynamics, Inc. latest news:
BRIEF-Danieli To Design and Install Water-Treatment Plant At Indiana Facility Of Steel Dynamics
DANIELI: * STEEL DYNAMICS INC ORDERS WATER-TREATMENT PLANT FROM DANIELI FOR INDIANA FACILITY Source text: http://bit.ly/2DcZMC1 Further company coverage:
BRIEF-Steel Dynamics Announces Effectiveness Of S-4 Registration Statement
Steel Dynamics Inc(STLD): * STEEL DYNAMICS ANNOUNCES EFFECTIVENESS OF S-4 REGISTRATION STATEMENT AND LAUNCH OF EXCHANGE OFFER FOR UP TO $350.0 MILLION OF ITS 4.125% SENIOR NOTES DUE 2025. * STEEL DYNAMICS(STLD) - EFFECTIVE DEC 22, WILL LAUNCH ITS OFFER TO EXCHANGE ITS REGISTERED EXCHANGE NOTES FOR OUTSTANDING UNREGISTERED OLD NOTES.
BRIEF-Steel Dynamics Q3 Adjusted Earnings Per Share $0.66 Excluding Items
Steel Dynamics Inc(STLD): * STEEL DYNAMICS PROVIDES FOURTH QUARTER 2017 GUIDANCE. * SEES Q4 2017 EARNINGS PER SHARE $0.48 TO $0.52. * Q3 ADJUSTED EARNINGS PER SHARE $0.66 EXCLUDING ITEMS. * Q3 EARNINGS PER SHARE VIEW $0.65 -- THOMSON REUTERS I/B/E/S. * Q4 2017 PROFITABLY FOR COMPANY'S METALS RECYCLING PLATFORM IS EXPECTED TO REMAIN CONSISTENT WITH SEQUENTIAL Q3 RESULTS.
Steel stocks surges Commerce Dept.'s antidumping ruling on steel from Vietnam
Shares of steel companies rallied Wednesday, after the U.S. Commerce Department announced a preliminary ruling that certain steel products imported from the Socialist Republic of Vietnam made from substrate originating in China are subject to duties. U.S. Steel Corp.'s stock surged 7.3% in midday trade toward an eight-month high, while AK Steel Holding Corp. shares rose 5.9%. Elsewhere, shares of Nucor Corp. gained 1.6% and Steel Dynamics Inc. advanced 1.9%. As a result of the ruling late Tuesday, Customs and Border Protection will collect antidumping cash deposits on corrosion-resistant steel and cold-rolled steel produced in Vietnam using Chinese-origin substrate at rates of 199.43% and 265.79%, respectively. "The Commerce Department's finding of circumvention represents a critical step to shutting down one of the many paths used to flood the U.S. with dumped and subsidized steel," U.S. Steel said Wednesday in a statement. "This decision presents an encouraging sign for the steel industry and should put other countries and companies on notice that their cheating will no longer be tolerated." U.S. Steel's stock has lost 3.2% year to date, while the S&P 500 has gained 18%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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