6. Steel Dynamics ( STLD) is the fifth-largest producer of carbon steel products. Net profit for 2010 stood at $141 million on net revenue of $6.3 billion, in comparison to a net loss of $8 million on net revenue of $4 billion for 2009. During the fourth quarter, the company announced net profit of $8 million on net revenue of $1.5 billion. In comparison, fourth-quarter 2009 net profit stood at $27 million on net revenue of $1.2 billion. A non-cash asset impairment charge of $13 million related to the company's fabrication operations lowered fourth-quarter earnings. Fourth-quarter steel shipments were 1.3 million tonnes, up 13% compared to fourth-quarter 2009. Looking ahead, Keith Busse, Steel Dynamics CEO, said, "With the expected slow but continual improvement in the U.S. economy, we could see increased volumes compared to 2010 for both our steel and metals recycling operations. Our current expectation is that steel consumption should grow in 2011 in the automotive, transportation, energy, industrial and the agricultural and construction equipment sectors." The stock is trading at 11.3 times its estimated 2011 earnings.
In trading on Friday, shares of MAG Silver Corp crossed below their 200 day moving average of $7.97, changing hands as low as $7.74 per share. MAG Silver Corp shares are currently trading off about 3% on the day.