STLD - Steel Dynamics, Inc.
| Previous Close | 30.68 |
| Open | 30.64 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 2900 |
| Day's Range | 30.51 - 30.86 |
| 52 Week Range | 25.03 - 49.70 |
| Volume | 1,980,451 |
| Avg. Volume | 2,836,400 |
| Market Cap | 6.825B |
| Beta (3Y Monthly) | 1.82 |
| PE Ratio (TTM) | 5.77 |
| EPS (TTM) | 5.32 |
| Earnings Date | Jul 22, 2019 |
| Forward Dividend & Yield | 0.96 (3.13%) |
| Ex-Dividend Date | 2019-06-27 |
| 1y Target Est | 33.45 |
- Market Realist•2 days ago
US Steel Prices Rise, Not Due to Trump’s Tariffs
The current uptrend in prices isn't exactly due to President Trump’s tariffs. US steel companies look serious about supply discipline.
- Simply Wall St.•2 days ago
What Investors Should Know About Steel Dynamics, Inc.'s (NASDAQ:STLD) Financial Strength
Mid-caps stocks, like Steel Dynamics, Inc. (NASDAQ:STLD) with a market capitalization of US$6.9b, aren’t the focus of...
- Market Realist•4 days ago
US Steel Companies Might Get Another Lifeline from Trump
Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.
- Zacks•4 days ago
Earnings Preview: Steel Dynamics (STLD) Q2 Earnings Expected to Decline
Steel Dynamics (STLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Market Realist•7 days ago
China’s Steel Exports Fall, but Industry Woes Continue
On Friday, China released its June trade data. Its steel capacity and steel exports have been a challenge for the global industry.
- Market Realist•9 days ago
US Steel Companies Announce Price Hikes
According to S&P; Global Platts, Nucor (NUE) announced a price increase of $40 per short ton. The price hike will be applicable immediately.
- Zacks•10 days ago
U.S. Raw Steel Output Ticks Down, Capacity Remains Below 80%
Capacity utilization, a key metric in the steel industry, remained below the important 80% level for the second straight week.
- Investopedia•10 days ago
3 Charts That Suggest Steel Stocks Will Struggle
Steel stocks have traded within a downtrend for most of the past 12 months. Based on these charts, the story will likely continue.
- PR Newswire•11 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 ...
- Bloomberg•11 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.
- Market Realist•11 days ago
Trump’s Tariffs Are Reshaping the US Steel Industry
Life has come full circle for US steelmakers. U.S. Steel Corporation announced the curtailment of two blast furnaces last month.
- Motley Fool•15 days ago
Why Shares of Nucor, Steel Dynamics, and ArcelorMittal Jumped 15% or More in June
There was a lot going on for these steelmakers, as well as for U.S. Steel and AK Steel, and it all added up to investor relief and higher stock prices.
- Market Realist•16 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%.
- Reuters•17 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.
- Simply Wall St.•17 days ago
Why Steel Dynamics, Inc. (NASDAQ:STLD) Could Have A Place In Your Portfolio
Steel Dynamics, Inc. (NASDAQ:STLD) is a company with exceptional fundamental characteristics. Upon building up an...
- Market Realist•18 days ago
US Steel Industry Outlook: Will June’s Momentum Continue?
The US steel industry had a somber start to the year, and the sell-off only deepened as the year progressed.
- Zacks•21 days ago
US Steel Imports Down on Tariffs, Market Share Falls in May
U.S. steel imports dropped roughly 12% year to date under the weight of steep tariffs which the Trump administration imposed a year ago.
- Market Realist•22 days ago
Have Steel Companies Gone through the Roof Like Trump Says?
In an interview with Fox, President Donald Trump said that US "steel companies are going through the roof" after Section 232 tariffs that were imposed last year. However, U.S. Steel (X), AK Steel (AKS), Nucor (NUE), and Steel Dynamics (STLD) fell to 52-week lows last month, respectively.
- Zacks•22 days ago
Record China Output Drives Steel Production: What's Ahead?
China's steel output shot up to a new record high of 89.1 Mt in May, highlighting continued demand for steel consumption in the country.
- Market Realist•23 days ago
G20 Week: Trade Wars Are Anything but Easy to Win
In March 2018, US President Donald Trump tweeted, “Trade wars are good, and easy to win.” The basic premise behind this assumption is the massive trade deficit that the US runs with almost every major trading partner.
- Benzinga•25 days ago
China May Steel Output To Increase
China steel futures surged on Monday. Steel demand from China's downstream sectors has turned "very strong," according to steel and iron ore data scientist Darren Toh of Singapore-based data ...
- Motley Fool•28 days ago
3 Stocks That Are Absurdly Cheap Right Now
It may be hard to find a bargain on the market these days, but these three stocks should do the trick.
- TipRanks•29 days ago
Now May be the Right Time to Go Long on Steel
The steel sector in the United State has experienced setbacks lately. The classic American steel producer, United States Steel (X, NYSE), reported on June 19 that it will close two Midwestern blast furnaces. A few days earlier, its American counterparts, Nucor (NUE, NYSE) and Steel Dynamics (STLD, NASDAQ), released mediocre Q2 earnings forecasts, signifcantly lower than analysts’ expectations. It should be noted that projections for 2019 were quite positive for the U.S. steel industry. The mining disaster in Brazil in January significantly lowered the supply of iron ore in world markets and was expected to generate a major rise in the price of steel. In addition, growing American dependence of steel imports should have helped the commodity as well. However, new developments in the international trade arena acted against expectations. The reduction or elimination of U.S. tariffs against Canadian and Mexican steel in May drove prices downwards. Decreasing automotive production and increased supply from scrap producers have also taken their toll on prices.In light of all of that, one would obviously expect steel stocks to drop. In reality, the opposite happened. Last Wednesday (June 19), United State Steel surged by 6%. The day before, on Tuesday, it closed 1% higher despite issuing Q2 EPS forecast of $0.40 – 23% lower than Wall Street’s forecast of $0.52. As to other steel producers, on Wednesday, Steel Dynamics skyrocketed closed morning trade 11.2% higher. Nucor managed to climb by 4.3%. On June 11, Curt Woodworth from Credit Suisse has given Nucor stock a buy rating and a price target of $58 with an upside potential of 6.91%. The current stock price stands at $54.25. All in all, the rally in steel stocks helped the Dow Jones gain 1.6%.View NUE Price Target & Analyst Ratings DetailThe bullishness in the steel market was also felt outside the United States. India’s Tata Steel (TATASTEEL, NSE), for example, climbed 5%, abruptly ending a 4-day losing streak. What Accounts for this Rally in the Steel Stock Market? From a yearly perspective, in 2019 steel stocks as a whole sank by 40% compared to 2018 mainly due to investors’ concerns that the growing trade war between the United States and China would cause global economic slowdown and would, consequently, lower demand for steel. Investors are now convinced that prices have reached a nadir from which they will only go up. Put it another way, the sector appears to be undervalued, enough to make it a profitable investment once again.
