SDI forecasts lower earnings in 3d qtr.

Sep 12, 2012 | 01:55 PM | Michael Cowden

Tags  Steel Dynamics, SDI, earnings outlook, third quarter earnings, consumer confidence, steel shipments, SBQ, recycling scrap

CHICAGO — Steel Dynamics Inc. (SDI) expects its earnings to tumble in the third quarter as global economic and political uncertainty continues to wallop consumer confidence.

The Fort Wayne, Ind.-based steelmaker said Tuesday that it had forecast third-quarter earnings in the range of 1 to 5 cents, down from 20 cents per diluted share in the second quarter and 19 cents per diluted share in the....





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