Steel Dynamics shares rise on stronger-than-expected profit view

Steel Dynamics Inc. said Thursday it expects second-quarter adjusted earnings of $6.61 to $6.65 a share, which excludes an impact of 28 cents a share for start-up costs of the steel maker’s Sinton Texas mill investment. Including the cost, Steel Dynamics expects to earn $6.33 to $6.37 a share. Analysts have expected Steel Dynamics to earn $5.72 a share, according to a FactSet Survey. Shares of Steel Dynamics rose 1.3% in premarket trades.

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