<< Read Full Article
<< Read Full Article
NEW YORK (AP) — Steel producers fell Thursday after Steel Dynamics Inc. replaced its forecast of a first-quarter profit with a forecast of a loss amid an industrywide utilization rate of only 43 percent.
The Fort Wayne, Ind., steel producer cut its first-quarter earnings guidance late Wednesday, predicting a per-share loss of 40 cents to 45 cents instead of the its previous prediction of a profit of 5 cents to 10 cents.
The company cited inventory adjustments needed to reflect weak market conditions. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 34.82 |
Oil *
72.01
|
|
UP
68.78
|
UP
6.41
|
UP
7.13
|
UP
0.59
|
10 Yr
3.48%
SPDR Gold
110.82
|
|
+0.67%
|
+0.58%
|
+0.33%
|
+1.72%
|
Data delayed 20 minutes |
Connect with TheStreet