steel dynamics expects secondquarter profit to improve from the previous quarter but that it will still be below this time in the previous year and market forecasts the fort wayne indbased steel producer set a guidance for earnings per share to grow in the range of 478 and 482 a share up from 370 in the first quarter secondquarter profit expectations are below the prioryear periods 644 a share and below the 504 a share expected by analysts according to factset steel dynamics said the improvement on the first quarter is largely due to significant metal spread expansion across the platform which helped offset moderately higher scrap costs the company said it also expects to swing to adjusted earnings before interest taxes depreciation and amortization in the second quarter from its metals recycling operations earnings are expected to remain unchanged from the previous quarter while earnings from its steel fabrication operations are forecasted to be lower steel dynamics said it has confidence in its earnings outlook and cashflow generation which supported the buyback of 364 million of its common stock during the second quarter through june 9