Steel Dynamics, Inc. (NASDAQ:STLD) has announced the fourth quarter earnings guidance for 2009. The company expects the earnings to fall within the range of $0.10 to $0.20 per diluted share. The company earned a net income of $0.30 per diluted share during the previous quarter.
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A steel producer and metals recycler, Steel Dynamics operates in three business segments, steel operations, steel fabrication operations, and metals recycling and ferrous resources operations. The company acquired 75% equity interest in Recycle South LLC on June 9, 2008. It also acquired certain assets of Sturgis Iron & Metal on June 24, 2008.
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