Steel dynamics reports third quarter 2019 results

Steel dynamics reports third quarter 2019 results.q3 earnings per share $0.69.q3 sales $2.5 billion versus refinitiv ibes estimate of $2.67 billion.q3 earnings per share estimate $0.70 -- refinitiv ibes data.had a challenging steel pricing environment, as average steel pricing declined in quarter.generated cash flow from operations of $444 million during q3 2019 and increased liquidity to a record high $2.4 billion.steel dynamics - q3 average external product selling price for co's overall steel operations decreased $70 sequentially to $809 per ton.based on domestic steel demand fundamentals, co is constructive regarding 2020 north american steel market dynamics.believe north american steel consumption will experience modest growth in 2020.believe current trade actions could have a positive impact in further reducing unfairly traded steel imports into united states.steel dynamics - steel fabrication platform's order backlog remains strong.steel dynamics - customers remain optimistic concerning non-residential construction projects.
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