India, June 18 -- Industrial metals solutions company Steel Dynamics, Inc. (STLD) late Wednesday said it expects significantly higher profit in its second quarter amid strong demand, despite an asset write-down.
In the steel fabrication operations, the company expects further volume improvement throughout the year and into 2027, supported by investment in domestic manufacturing and U.S. infrastructure, other stimulus programs, and ongoing onshoring activity.
In the overnight trading, the shares were losing around 2.7% to $262.75, extending the loss of 1.5% on Wednesday's regular trading close.
For the quarter, the company projects earnings in the range of $3.51 to $3.55 per share, compared to $2.01 per share last year, and $2.78 per shar...