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Actionable news in STLD: Steel Dynamics, Inc.,

UPDATE 1-Cheap imports, high inventories hurt Steel Dynamics' profit

(Adds details of results, company comment, background)

Oct 19 (Reuters) - U.S. steelmaker Steel Dynamics Inc on Monday reported a lower quarterly net profit, which it blamed on a glut of lower-priced imports and higher customer inventories but said that it expects improvement in domestic U.S. steel production in 2016.

Western steel producers have been hit by a global slump in steel prices and record exports from China, which produces half the world's steel. As China's economy has lost steam, critics say it has been dumping steel at low prices, exacerbating existing...