Steel Dynamics slips after quarterly profit misses estimates

Steel Dynamics

Mon 21:55

** Shares of Steel Dynamics STLD.O down 7% at $228 in extended trading
** Co's lower recycling earnings, aluminum startup losses and higher raw material costs remain headwinds despite stronger steel prices and record shipments
     ** It posts Q3 profit of $5.26/share vs Wall Street estimates of $5.41/share — data compiled by LSEG
** "US steel imports remain well below historical and prior-year levels," CEO Mark Millett says
** Co reports quarterly revenue of $6.51 bln, above estimates of $6.43 bln
** As of last close, stock had risen 44.5% YTD

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))