Steel Dynamics' 4Q Guidance Highlights no Impediments to Record Sales and Profits in 2018
Steel Dynamics issued encouraging fourth-quarter guidance, as the company remains on track to deliver record profitability in 2018. Favorable market conditions facilitated this impressive performance. Year-to-date steel demand in the U.S. has grown at roughly 5%, an increase that continues the trend of steady demand growth in recent years. Year-to-date capacity utilization for the broader U.S. steel industry is slightly below 80%. Although this still sits well below historical averages from befo...Steel Dynamics is a steel producer and metal recycler. The company manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joists and deck products. The company's segments are: Steel, which produces steel from ferrous scrap and scrap substitutes, utilizing casting, automated rolling mills and several downstream steel coating and bar processing lines, and Iron Dynamics; metals recycling, which involves the purchase, processing, and resale of ferrous and nonferrous scrap metals into reusable forms and grades; and steel fabrication, which produces steel building components, including steel joists, girders, trusses, and steel deck.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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