In the latest trading session, Steel Dynamics (STLD) closed at $128.34, marking a +0.27% move from the previous day.
Steel Dynamics (STLD) reachead $127.09 at the closing of the latest trading day, reflecting a +1.72% change compared to its last close.
STLD's steel operations are expected to be more profitable in the first quarter of 2025 than the previous quarter.
This transaction advances STLD's long-term strategy of providing a solid capital foundation to support its personnel, customers, shareholders and future growth.
The latest trading day saw Steel Dynamics (STLD) settling at $120.76, representing a +1.14% change from its previous close.
In the most recent trading session, Steel Dynamics (STLD) closed at $127.72, indicating a +1.07% shift from the previous trading day.
The latest trading day saw Steel Dynamics (STLD) settling at $133.48, representing no change from its previous close.
STLD has consistently increased its cash dividend in alignment with its growth initiatives.
The reshoring of industrial capacity from China to the US, driven by tariffs, will benefit US steelmakers like Steel Dynamics. Steel Dynamics is well-positioned with competitive advantages in electric arc furnace technology, vertical integration, and value-added products. Strategic investments in new steel and aluminum mills are expected to significantly boost Steel Dynamics' EBITDA by $1.2 billion.
Steel Dynamics (STLD) reported earnings 30 days ago. What's next for the stock?
Steel Dynamics shares have surged 8.6% due to Trump's tariffs, making their products more competitive against imports. Trump's recent tariffs on steel and aluminum will further benefit Steel Dynamics by allowing them to price products higher without foreign competition. Despite conservative growth estimates, I believe Steel Dynamics will see accelerated growth, with potential for up to 29.7% upside in shares.
Steel Dynamics, Inc. (NASDAQ:STLD ) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET Company Participants David Lipschitz - Director, IR Mark Millett - Chairman and CEO Theresa Wagler - EVP and CFO Barry Schneider - President and COO Conference Call Participants Tristan Gresser - BNP Paribas Timna Tanners - Wolfe Research Lawson Winder - Bank of America Merrill Lynch Alexander Hacking - Citigroup Bill Peterson - JPMorgan John Tumazos - Very Independent Research, LLC Operator Good day, and welcome to the Steel Dynamics Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.