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Steel Dynamics (STLD) Stock Higher on Q3 Revenue Beat

NEW YORK (TheStreet) -- Shares of Steel Dynamics (STLD) were climbing on heavy trading volume early Thursday afternoon after reporting 2016 third-quarter revenue that topped analysts' expectations.

After yesterday's market close, the Fort Wayne, IN-based steel producer reported adjusted earnings of 65 cents per share on revenue of $2.10 billion.

Analysts surveyed by Thomson Reuters were looking for adjusted earnings of 65 cents a share on $2.09 billion in revenue.

Flat-roll steel import levels were down about 20% year-over-year in the...


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