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Thomas Hughes

Steel Dynamics Eyes New Highs Despite Earnings Miss

Steel Dynamics STLD aluminium

Wall Street set a high bar for Steel Dynamics' (NASDAQ: STLD) latest earnings report, but the company's strong growth and improving profitability could still propel its stock to fresh highs.

While Q3 results missed expectations, analysts had unanimously raised revenue and earnings targets, expecting even more than the company delivered. Steel Dynamics posted double-digit growth, supported by demand and pricing dynamics that improved margins.

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