Steel Dynamics News

The market is not performing well as we head into the midday. Sellers continue to outpace buyers, despite the numerous analyst upgrades we reported this morning.

North American and European steelmakers, many of them operating below 50 percent capacity, still await a boost from economic stimulus packages even as signs emerge that orders and prices are slowly picking up.

A federal bankruptcy judge in California has approved the sale of Fleetwood Enterprises Inc.'s Decatur motor home operations to Industrial Partners Capital Fund IV, Fleetwood announced Thursday.

Shares of steel manufacturers fell sharply yesterday as the World Bank cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent.

WE ARE INITIATING coverage of AK Steel , Cliffs Natural Resources and CMA at Buy and Commercial Metals , Schnitzer Steel Industries , Steel Dynamics and Walter Energy at Neutral.

Despite resigning this week, the former chancellor of Ivy Tech Community College-Northeast will remain at the school as a consultant until Oct.

Facing a difficult economy, Steel Dynamics Inc. was forced last week to go to the markets to raise money.

PRICE CUTS FOR IRON ORE AND A PERCEIVED bottoming out of the economy are helping to lift steel stocks.

Steel producer Steel Dynamics said Tuesday that it will cut its dividend by 25% and plans to offer 27 million shares of common stock and $150 million in senior convertible notes due 2014.

Steel Dynamics Inc. on Tuesday announced plans to offer 27 million shares of common stock and $150 million in convertible senior notes due 2014.

Every day, the sun rises on Wall Street, and a plethora of professional analysts wake to issue new opinions on stocks.

Steel Dynamics Inc. of Fort Wayne, Ind., the third-largest American-owned steel producer by sales, purchased The Techs' three steel-finishing mills in the Pittsburgh area for $360 million in July 2007.

The 55-stock Bloomberg Indiana Stock Index tumbled 2.8 percent Wednesday. While General Motors shares were off 20 percent, the loss posted by proprietary education provider ITT Technical Services was more indicative of the day.

Shares of Steel Dynamics Inc. rose as an analyst pointed to higher orders for the company's steel, a trend that could help lift quarterly earnings.

Steel Dynamics Inc. bought OmniSource from the Rifkin family for $1 billion in 2007.

Striking deep into the heart of American industry, reverberations from the ongoing economic calamity continue to douse the flames of America's iconic steel and aluminum manufacturers.

John P. Surma's 13th quarter as chairman and CEO of U.S. Steel is shaping up to be an unlucky one.

The Better Business Bureau of Northern Indiana on Tuesday recognized eight local businesses for exemplary business ethics.

Wells Fargo & Co.'s first-quarter report on Wednesday had few big surprises as results fell in line with the bank's forecast and easily beat Wall Street's estimates.

An autopsy was to be done this afternoon on a man killed on the property of Steel Dynamics Inc.