According to the company, rising scrap costs and limited ability to raise prices on account of imports are impeding earnings in its flat-rolled division. Additionally, the company said it expects to record a charge of 2 cents per share on third-quarter debt refinancing. 

Analysts had forecast earnings of 70 cents per share. 

All in all, though, the company said it expects its third-quarter profitability will be in line with the second quarter. 

"Demand from the construction sector remains strong, and the energy sector is continuing to strengthen. Demand from the domestic automotive sector has softened, but the company's steel operations continue to gain market share," the company said.