In the latest trading session, Steel Dynamics (STLD) finished at $127.72, showing an increase of 1.07% compared to the day before.
On the most recent trading day, Steel Dynamics (STLD) ended at $133.48, which is the same as its last closing price.
The return of manufacturing from China to the US, influenced by tariffs, will help US steel companies such as Steel Dynamics. Steel Dynamics has strong advantages due to its electric arc furnace technology, vertical integration, and specialized products. Planned investments in new steel and aluminum mills are likely to increase Steel Dynamics' earnings before interest, taxes, depreciation, and amortization (EBITDA) by $1.2 billion.
FORT WAYNE, Ind., Feb. 24, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) has announced that its board of directors has approved a cash dividend of $0.50 per common share for the first quarter. This amount is a 9% increase compared to the company's quarterly rate in 2024.
Manufacturing leaders have warned that Donald Trump's tariffs will severely harm Britain's steel industry and could lead to job losses.
Nucor, ArcelorMittal, and Steel Dynamics are included in the Zacks Industry Outlook report.
Lower steel prices and slow growth in China are affecting the outlook for the Zacks Steel Producers industry. However, NUE, MT, and STLD are in a good position to handle these tough conditions.
Steel Dynamics, Inc. (NASDAQ:STLD) will hold its Q4 2024 Earnings Conference Call on January 23, 2025, at 11:00 AM ET. The call will feature company leaders including David Lipschitz, Mark Millett, Theresa Wagler, and Barry Schneider. Analysts from various financial institutions will also participate, but currently, all attendees are in listen-only mode.
STLD thinks that the market situation is favorable for increasing demand in its operational platforms by 2025.
The main figures for Steel Dynamics (STLD) provide an overview of the company's performance for the quarter that ended in December 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.