Steel Dynamics Says Q4 2023 Profitability From Steel Operations Is Expected To Be Lower Than Sequential Q3 Results; Says Steel Order Activity Remains Solid
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics expects Q4 2023 profitability from steel operations to be lower than Q3 results, despite solid steel order activity.
December 15, 2023 | 1:20 pm
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Steel Dynamics projects lower profitability in Q4 2023 for its steel operations, although order activity remains strong.
The announcement of expected lower profitability for Q4 2023 could lead to a negative investor sentiment in the short term, potentially causing a decrease in the stock price of Steel Dynamics. However, the mention of solid steel order activity may mitigate some concerns, suggesting that the business still has a healthy demand for its products.
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