Yahoo! News – Steelmaker Dofasco expects to beat analysts’ profit estimates for Q2: “The steel market has enjoyed a resurgence in recent months, with companies benefiting from rising steel prices resulting from improved demand over last year. In the second quarter of 2003, Dofasco’s profits fell more than 40 per cent to $38.8 million amid an industry slump.
‘The quarter’s results will be better than expected as a result of continued strengthening in the pricing environment and continued very high market demand at both our Hamilton operations and at Gallatin Steel,’ Dofasco president and CEO Don Pether said in a statement. “
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