Steel Dynamics Overcomes Slow Start to 2024 -- Market Talk

Dow Jones04-24

1728 ET - After a dismal trading day for Nucor and Cleveland-Cliffs from disappointing 1Q reports, Steel Dynamics checks in with better-than-expected results. The steelmaker says it overcame soft demand and low customer inventories early in the year to rally for a strong finish to the quarter. "Customer orders rebounded strongly in March supporting increased pricing and solid order backlogs," CEO Mark Millett says. Steel Dynamics expects orders from automotive, energy and nonresidential construction customers to remain strong through the year. The company topped analysts' forecasts for sales, EPS and EBITDA, aided by a nearly 95% increase in operating income from its steel business vs. the same period last year. Shares up 2.2% at $137.10 in after hours trading. (robert.tita@wsj.com)

(END) Dow Jones Newswires

April 23, 2024 17:28 ET (21:28 GMT)

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Steel Dynamics expects orders from automotive, energy and nonresidential construction customers to remain strong through the year. The company topped analysts' forecasts for sales, EPS and EBITDA, aided by a nearly 95% increase in operating income from its steel business vs. the same period last year. Shares up 2.2% at $137.10 in after hours trading. 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The steelmaker says it overcame soft ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NUE","symbol_name":"纽柯钢铁","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429512859","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429512859","pubTimestamp":1713907680,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1728 ET - After a dismal trading day for Nucor and Cleveland-Cliffs from disappointing 1Q reports, Steel Dynamics checks in with better-than-expected results. 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(robert.tita@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 23, 2024 17:28 ET (21:28 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429512859"}