Monday, July 23, 2007

UPDATE 1-Steel Dynamics' second-quarter profit slips

(Reuters) - In May, Steel Dynamics warned that second-quarter earnings
would be at the low end of its forecast range due to softness
in the flat-rolled steel market. The company in April forecast
earnings of 95 cents to $1 a share.




The company said earlier that second quarter earnings per
diluted share would be reduced by about 7 cents by the
redemption of some senior unsecured notes and termination of a
interest-rate swap.


Read more at Reuters.com Market News

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