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Steel Dynamics Inc.
Latest News
Steel Dynamics Reports 4th Quarter, 2009 Results
04 February 2010 - Steel Dynamics reported net income of $26.7 million on net sales of $1.2 billion for the fourth quarter and a net loss of $8.2 million on net sales of $4.0 billion for the fiscal year ended December 31, 2009.
Kobe Steel Begins Production using ITmk3 Process
18 January 2010 - The world's first commercial plant using Kobe Steel’s ITmk3 process successfully began production of iron nuggets in the United States on January 12. Production is expected to reach the facility's annual design capacity of 500,000 tonnes in mid-2010.
Steel Dynamics Starts Production of Mesabi Nuggets
14 January 2010 - Steel Dynamics produces its first batch of iron nuggets at its Mesabi Nugget facility at Hoyt Lakes, Minn., marking the world's first commercial production of nuggets using the ITmk3 process developed by Kobe Steel Ltd.
Steel Dynamics Updates 4th Quarter Guidance
11 December 2009 - Steel Dynamics updates its fourth quarter 2009 earnings guidance to the range of $0.10 to $0.20 per diluted share.
Steel Dynamics Reports Sharp Increase in Q3 Profitability
20 October 2009 - Steel Dynamics reports net income of $69 million on net sales of $1.2 billion for the third quarter, and a net loss of $35 million on net sales of $2.8 billion for the first nine months of 2009.
Steel Dynamics Adds Gabriel Shaheen to Board
28 September 2009 - Steel Dynamics’ board of directors appoints Shaheen to the board, bringing the number of directors to 11.
Steel Dynamics Updates 3rd Quarter Earnings Guidance
11 September 2009 - Steel Dynamics updates its third quarter 2009 earnings outlook, saying it now anticipates earnings to be within a range of $0.20 to $0.25 per diluted share.
Steel Dynamics Reports 2nd Quarter 2009 Results
23 July 2009 - Steel Dynamics reports a net loss of $16 million on net sales of $792 million for the second quarter, and a net loss of $104 million on net sales of $1.61 billion for the first six months of 2009.
Steel Dynamics Expects to Report Small 2nd Quarter Loss
22 June 2009 - Steel Dynamics updates its outlook for the second quarter of 2009, saying that it now expects to report a loss of $0.10 to $0.15 per diluted share, after taking into account the recent issuance of common stock and convertible securities.
Steel Dynamics Underwriters Exercise Over-Allotment Options
19 June 2009 - Underwriters of Steel Dynamics’ announced offerings of notes and stocks have exercised their full overallotment options.
Steel Dynamics Announces Pricing of Stock, Notes
09 June 2009 - Steel Dynamics has priced its public offerings of common stock and 5.125% convertible senior notes due 2014.
Steel Dynamics Announces Offerings of Stock, Notes
03 June 2009 - Steel Dynamics announced its intention to offer 27 million shares of common stock and $150 million of convertible senior notes due 2014, with the notes guaranteed by certain of its subsidiaries.
Steel Dynamics Reports Loss for 1st Quarter 2009
24 April 2009 - Steel Dynamics reports a net loss of $88 million on net sales of $815 million for the first quarter of 2009.
Steel Dynamics Reports Loss for 1st Quarter 2009
24 April 2009 - Steel Dynamics reports a net loss of $88 million on net sales of $815 million for the first quarter of 2009.
SDI Subsidiary Ships First Composite Railroad Crossties to BNSF
15 April 2009 - Dynamic Composites ships its first production order of "green" composite railroad ties, which feature a flat rolled steel core filled with concrete and encapsulated by a tough skin made from recycled materials.
SDI Subsidiary Ships First Composite Railroad Crossties to BNSF
15 April 2009 - Dynamic Composites ships its first production order of "green" composite railroad ties, which feature a flat rolled steel core filled with concrete and encapsulated by a tough skin made from recycled materials.
Steel Dynamics Updates First Quarter Earnings Guidance
12 March 2009 - Continued weakness in market conditions leads Steel Dynamics to reduce its first quarter estimate of earnings to a loss of $0.40 to $0.45 per diluted share, reflecting continued weakness in the company’s metals recycling segment, lower production rates, and lower volumes of steel shipments.
Steel Dynamics Updates First Quarter Earnings Guidance
12 March 2009 - Continued weakness in market conditions leads Steel Dynamics to reduce its first quarter estimate of earnings to a loss of $0.40 to $0.45 per diluted share, reflecting continued weakness in the company’s metals recycling segment, lower production rates, and lower volumes of steel shipments.
Steel Dynamics Reports 4th-Quarter Loss, Full-Year Income
27 January 2009 - Steel Dynamics reports a net loss of $83 million on net sales of $1.2 billion for the fourth quarter, and record net income of $463 million on record net sales of $8.1 billion for the full year of 2008.
Steel Dynamics Provides 4th Quarter, Full-Year Outlook
15 December 2008 - ABSTRACT: Despite an expected fourth-quarter loss of $0.35 to $0.40 per diluted share, Steel Dynamics says it expects to report full-year 2008 earnings in the range of $2.35 to $2.40 per diluted share, reflecting record annual revenues, operating income, and cash flow from operations.
