FORT WAYNE, Ind.—Steel Dynamics Inc. , an operator of electricand furnace mini-mills, who
FORT WAYNE, Ind.—Steel Dynamics Inc. , an operator of electric
and furnace mini-mills, who on Thursday said that a Michigan circuit 【S1】______
court of judge dismissed a General Motors Corp. lawsuit against the 【S2】______
company over an alleged contract violation of a multi-year steel 【S3】______
purchase agreement.
Because in March General Motors filed suit against Steel Dynamics and 【S4】______
Textron Inc. , both of which supply with steel fasteners and other parts 【S5】______
to the automaker, as seeking damages, and contending that the 【S6】______
companies' recently increased prices violated contracts with the 【S7】______
manufacturer.
Though on Wednesday, the judge dismissed General Motors' suit on 【S8】______
the basis that it had failed to state a legally valid claim against Steel 【S9】______
Dynamics.
Steel Dynamics shares recently traded down 29 cents, or for nearly 1 【S10】______
percent, which at $31.37 on the Nasdaq, and General Motors shares 【S11】______
were down 31 cents at $42.82, but on the New York Stock Exchange. 【S12】______
【S1】_____