Steel Dynamics profit rises 12 percent

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Profit at Fort Wayne-based Steel Dynamics Inc. increased 12 percent, to $101 million, in the third quarter on across-the-board increases in its businesses.

The steel recycler said today that revenue swelled 27 percent from the $876 million of a year earlier.

The improvement came despite softness in flat-rolled steel and some slowness in certain bar steels, the company said.

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