Steel Dynamics Battered On Downgrade Following Poor Q3 Results (STLD)

Owing to a deteriorating net income, frail operating cash flow, disappointing return on equity and lower growth in the consumption of steel across the globe, Steel Dynamics (NASDAQ: STLD) was downgraded from “buy” to “hold” today by “The Street Ratings”. The Indiana-based steel product manufacturer principally operates in three segments: steel operations, metals recycling and […]