Steel Dynamics (STLD) Projects Higher Sequential Q1 Earnings

Steel Dynamics, Inc. (STLD) announced its earnings guidance for the first quarter of 2024 in the range of $3.51-$3.55 per share. This suggests an improvement from the previous quarter's earnings of $2.61 per share and a deterioration from earnings of$3.70 recorded in the first quarter of the prior year.The company anticipates a substantial boost in profitability in its steel operations for the first quarter of 2024, particularly driven by increased shipments and earnings across the operations. The upside c ...