STLD - Steel Dynamics, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
31.47
+0.76 (+2.47%)
At close: 4:00PM EDT
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Previous Close30.71
Open31.02
Bid30.74 x 800
Ask32.14 x 3000
Day's Range30.75 - 31.81
52 Week Range25.03 - 49.70
Volume2,071,561
Avg. Volume2,828,912
Market Cap6.994B
Beta (3Y Monthly)1.82
PE Ratio (TTM)5.91
EPS (TTM)5.32
Earnings DateJul 22, 2019
Forward Dividend & Yield0.96 (3.13%)
Ex-Dividend Date2019-06-27
1y Target Est33.45
Trade prices are not sourced from all markets
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  • Earnings Preview: Steel Dynamics (STLD) Q2 Earnings Expected to Decline
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    Earnings Preview: Steel Dynamics (STLD) Q2 Earnings Expected to Decline

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    U.S. Raw Steel Output Ticks Down, Capacity Remains Below 80%

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  • PR Newswire13 days ago

    Steel Dynamics Announces Second Quarter 2019 Earnings Conference Call and Webcast

    FORT WAYNE, Ind. , July 8, 2019 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) one of the largest domestic steel producers and metals recyclers in the United States , today announced it intends ...

  • The Trump Tariff Twist That Has Cost U.S. Steel $5.6 Billion
    Bloomberg13 days ago

    The Trump Tariff Twist That Has Cost U.S. Steel $5.6 Billion

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help.Exuberance over the levies dramatically boosted U.S. output just as the global economy was cooling, undercutting demand. That dropped prices, creating a stark divide between companies like Nucor Corp., which use cheaper-to-run electric-arc furnaces to recycle scrap into steel products, and those including U.S. Steel Corp. with more costly legacy blast furnaces.Since Trump announced the tariffs 16 months ago, U.S. Steel has lost almost 70% of its market value, or $5.6 billion, and idled two American furnaces in mid-June that couldn’t be run profitably at the lowest prices since 2016. Meanwhile, Nucor, down around 20%, has touted $2.5 billion in expansion projects.The president’s actions likely “sped up” up an unavoidable “evolution,” said Nucor Chief Executive Officer John Ferriola in an interview last month. “Are some companies going to suffer? Absolutely. We’ll we see some capacity go away, I’m sure of it."Last July, Trump stood on a makeshift stage at a U.S. Steel mill in Granite City, Illinois, and beamed as workers cheered the tariffs. At that point, the company had already restarted one of two blast furnaces at Granite City, and vowed the second would soon be brought online.“Workers are back on the job, and we’re once again pouring new American steel into the spine of our country,” Trump said during the hour-long program. “U.S. Steel is back.”Since then, though, there’s been a somewhat different outcome.With the stronger steelmakers aggressively boosting capacity to grab market share, a dip in demand has left older, more costly blast furnaces at U.S. Steel and AK Steel Holding Corp. struggling to compete, even with foreign steel nudged out of the equation.“Be careful what you wish for,” said Timna Tanners, an analyst at Bank of America who has dubbed the industry’s push to add capacity without enough demand “Steelmageddon.” She called it “ironic” that the tariffs are “punishing some steel companies.”A spokeswoman at U.S. Steel declined to comment while AK Steel said its products have little overlap with EAFs, and that the additional capacity will further pressure imports.As expected, the tariffs reduced steel imports, creating more demand in 2018 and boosting profits. With that cash in hand, added money from Trump’s corporate tax cut and confidence that protectionism is here to stay, domestic producers began adding more capacity than they would have otherwise.The problem: This year, with the global economy cooling, demand -- and prices -- have fallen. That’s given an added incentive to EAF companies with superior profit margins and balance sheets to aggressively grab a bigger share of the market.“Not all plants are the same,” said Mark Millett, CEO of Steel Dynamics Inc., who in November announced a new $1.8 billion EAF mill to be built in the U.S. southwest. “Not all projects are the same.”Suppliers to blast furnaces are sounding the alarm. In laying out his vision for iron-ore miner Cleveland-Cliffs Inc. at a recent conference, CEO Lourenco Goncalves painted a bleak future for what makes up the overwhelming majority of his current customers.That’s why Cliffs is investing $830 million in a Toledo, Ohio-based plant that will produce hot briquetted iron for electronic-arc furnaces run by firms such as Nucor, Goncalves said. They invested in the plant because “we were able to see the future of steelmaking in the United States,” Goncalves said in New York last month.Many “blast furnaces will shut down,” he added.U.S. Steel is trying to show investors it can move past its legacy blast furnaces. In February, it announced the restart of construction on an EAF facility in Alabama. And in May, the company said it would spend $1 billion upgrading facilities in Pennsylvania to produce more high-strength steel for the automotive industry.“Less efficient capacity should go away, but there is no guarantee that it permanently goes away,” Bank of America’s Tanners said. “It probably doesn’t go down without a fight.”(Updates market value decline in headline, third paragraph.)\--With assistance from Shawn Donnan.To contact the reporters on this story: Matt Townsend in New York at mtownsend9@bloomberg.net;Joe Deaux in New York at jdeaux@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Reg Gale, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • Why Shares of Nucor, Steel Dynamics, and ArcelorMittal Jumped 15% or More in June
    Motley Fool17 days ago

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  • Spotlight on Trump’s Tariffs: Steel Industry’s Key Metric Fell
    Market Realist18 days ago

    Spotlight on Trump’s Tariffs: Steel Industry’s Key Metric Fell

    Steel production fell 1.2% on a weekly basis in the week ending June 29. The US steel industry’s capacity utilization rate fell to 79.5%.

  • Reuters19 days ago

    UPDATE 1-U.S. slaps duties on steel from Vietnam originally produced in South Korea, Taiwan

    The U.S. Commerce Department said on Tuesday it would impose duties of up to 456% on certain steel produced in South Korea or Taiwan that are then shipped to Vietnam for minor processing and finally exported to the United States. The agency said in a statement that it had found corrosion-resistant steel products and cold-rolled steel produced in Vietnam using substrate of South Korean or Taiwanese origin had circumvented U.S. anti-dumping and anti-subsidy duties.

  • Why Steel Dynamics, Inc. (NASDAQ:STLD) Could Have A Place In Your Portfolio
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  • Have Steel Companies Gone through the Roof Like Trump Says?
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  • Record China Output Drives Steel Production: What's Ahead?
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  • Benzinga27 days ago

    China May Steel Output To Increase

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