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The company expects EPS to be between $3.51 and $3.55, while analysts expect $4.16. The profit of the steel processing business in the second quarter is expected to be “slightly lower than” the first quarter on a quarter-on-quarter basis, as the positive impact of higher shipments and stable pricing is offset by higher steel raw material input costs. Based on increased shipments and actual selling price improvement, the company expects the profit for the aluminum business in the second quarter to “improve significantly” compared to the first quarter on a quarter-on-quarter basis. “Due to the decision to relocate the originally planned second satellite aluminum recycling billet center from Arizona to Columbus, Mississippi, the company’s profit estimate for the second quarter was reduced by $16 million. This asset impairment is due to disagreements with Arizona officials that could jeopardize the construction and operation of this facility.” “Driven by strong demand and expanding platform metal margins, the company expects profitability in the steel business to be significantly higher in the second quarter compared to the first quarter, as the growth in average realized sales prices has exceeded the cost growth of scrap metal raw materials.” Expand

BlockBeats News, June 18—STRC continued to decline after opening today and is now trading at $85.9, with a single-day drop of 3.44%. In response, overseas KOLs have raised doubts about the product, pointing out that it was heavily promoted as a safe investment suitable for families, claiming to be better than high-yield savings accounts and almost volatility-free. Arete Capital partner McKenna further analyzed that the market is currently waiting for typical late-summer volatility and for Michael Saylor to sell Bitcoin. He also predicted that if Saylor eventually sells part of his Bitcoin holdings, it will push STRC back to par value, and the market will then see a return of natural buying interest. Reportedly, STRC is a preferred share launched by Strategy to raise funds for buying Bitcoin, with a face value roughly pegged at $100. It pays a relatively high dividend, and the yield adjusts based on the price situation, aiming to keep it trading close to par. The significant deviation of STRC from par value indicates that the market is demanding a higher yield and also reflects declining investor confidence in its credit/dividend stability. Strategy previously relied heavily on issuing STRC to finance Bitcoin purchases; if the price of STRC falls below par, issuing new STRC is no longer cost-effective, equating to borrowing at a higher cost. This weakens its "ability to continue buying Bitcoin."

Glonghui, June 18｜Intel's share price gains have narrowed to 7%, after previously rising as much as 11%. In related news, Trump stated that Apple will cooperate with the company on chip design and production.