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Steel Dynamics (STLD) Stock Lower Today After Earnings Miss

2015-01-29 20:07:50| Steel - Topix.net

The Fort Wayne, IN-based company reported reported a fourth-quarter loss of $45 million, or a loss of 19 cents a share on revenue of $2.52 billion, below earnings estimates of 42 cents. Seasonal trends and elevated steel imports negatively impacted shipments across the company's operating platforms, the company said, adding the average product selling price for the company's steel operations decreased $34 to $806 per ton.

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