(RTTNews) - Steel Dynamics, Inc. (STLD) issued third-quarter guidance, expecting significantly higher earnings from last year and sequential second quarter. For the third quarter, the company projects earnings in the range of $5.34 to $5.38 per share, higher than prior year's $2.74 per share. The company's sequential second-quarter earnings were $3.69 per share. The company said the profitability from its steel operations is expected to be significantly higher sequentially, driven by metal margin expansion across the platform and record shipments. The company expects average realized steel selling values to increase in combination with lower scrap costs.
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