It's reported that Steel Dynamics, a steel producer and metals recycler in the US forecasted that its earnings in the first quarter of 2013 would be between US$0.17 and US$0.21 per diluted share.
Meanwhile, to exclude a favorable tax adjustment of US$0.07 per diluted share in the fourth quarter of 2011, the first-quarter earnings are like to comparable to US$0.20 per diluted per share in the fourth quarter of 2012.
In addition, its steel shipments are forecasted to remain flat from a quarter ago.