October 18, 2012
Updated Oct 18, 2012 at 8:23 AM EDT
FORT WAYNE, Ind. (www.incnow.tv) - Fort Wayne based company posts third quarter profit drop.
Steel Dynamics Inc. third quarter net income is $12.8 million. During the same quarter last year the company had a net earnings of $43.3 million. Steel Dynamics saw 77% plunge in profit due to the global economy and weak demand.
The Indiana based Steel Dynamics has a market value of $2.77 billion dollars.
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