The Latest Breaking News from STLD

Persisting factors like the multi-decade high inflation, deepening supply chain constraints, and the expectation of a recession due to the Federal Reserve’s aggressive policy tightening could lead to a further market pullback. So, it could be wise to bet on fundamentally sound stocks Nutrien (NTR), Centene (CNC), Itochu (ITOCY), Steel…

Despite prevailing worries about a prolonged Ukraine-Russia War disrupting the supply of steel globally, the government's initiatives to assist the domestic steel industry and robust steel demand could fuel the sector's growth. Therefore, we think it could be wise to invest in fundamentally sound steel stocks Steel Dynamics (STLD) and…

Steel Dynamics (NASDAQ:STLD) has outperformed the market over the past 20 years by 9.3% on an annualized basis producing an average annual return of 16.34%. Currently, Steel Dynamics has a market capitalization of $16.47 billion.

Following China’s production cuts, the Russia-Ukraine war–the two countries that are significant steel producers–has raised concerns over steel supply, pushing prices higher. However, steel manufacturers in other countries should benefit from strong global demand and rising prices. Therefore, we think fundamentally sound steel stocks Nucor (NUE), POSCO (PKX), Tenaris (TS),…

Steel prices hit record highs in 2021 on a surge in global demand. And as manufacturing activities resume full swing globally, steel prices are expected to remain elevated. Thus, we think fundamentally sound steel stocks United States Steel (X) and Steel Dynamics (STLD) are solid bets now. Conversely, given surging…

Steel companies benefited from sky-high steel prices in 2021. And although analysts expect steel prices to take a downward trajectory this year, they are expected to remain reasonably high. Furthermore, the industry is expected to witness robust demand on anticipated strong manufacturing activity. Thus, it could be wise to scoop…

If history is any guide, there may be trouble ahead for shares of Steel Dynamics (NASDAQ:STLD). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.