Steel Dynamics, Inc.’s (STLD) shares touched a fresh 52-week high of $141.26 on Mar 19 before closing at $140.88.In the past year, the stock has gained 26.9% compared with the industry’s 15.1% rise in the same period.Image Source: Zacks Investment ResearchWhat’s Driving Steel Dynamics?For the first quarter of 2024, Steel Dynamics issued earnings guidance of $3.51-$3.55 per share. This indicates an improvement from the previous quarter's earnings of $2.61 but calls for a decline from $3.70 in the first quart ...

Steel Dynamics, Inc. (STLD) announced its earnings guidance for the first quarter of 2024 in the range of $3.51-$3.55 per share. This suggests an improvement from the previous quarter's earnings of $2.61 per share and a deterioration from earnings of $3.70 recorded in the first quarter of the prior year.The company anticipates a substantial boost in profitability in its steel operations for the first quarter of 2024, particularly driven by increased shipments and earnings across the operations. The upside c ...

In the latest market close, Steel Dynamics (STLD) reached $139.97, with a +1.5% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.63%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq appreciated by 0.82%.The the stock of steel producer and metals recycler has risen by 11.81% in the past month, leading the Basic Materials sector's gain of 5.32% and the S&P 500's gain of 1.76%.Investors will be eagerly watching for the performance of Steel Dynamics ...

Steel Dynamics (STLD) shares ended the last trading session 4.3% higher at $137.90. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.5% gain over the past four weeks.Following the release of its first-quarter earnings guidance ending Mar 30, 2024, Steel Dynamics witnessed a significant surge in its stock price. The midpoint of the guidance, $3.51-$3.55 per share, indicates a sequential improvement of 35%. The comp ...

Key TakeawaysSteel Dynamics gave current quarter guidance that was above estimates as it sees profitability 'meaningfully stronger' than the previous quarter.The steel maker said the gains were driven by its flat rolled steel operations.Steel Dynamics added that because of its confidence in the business, the company repurchased 1.4% of its stock so far in the quarter. Steel Dynamics (STLD) shares soared to a record high after the steel maker reported much better-than-expected guidance on booming demand. Th ...

FORT WAYNE, Ind., March 15, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2024 earnings guidance in the range of $3.51 to $3.55 per diluted share. Comparatively, the company's sequential fourth quarter 2023 earnings were $2.61 per diluted share and prior year first quarter earnings were $3.70 per diluted share. First quarter 2024 profitability from the company's steel operations are expected to be meaningfully stronger than sequential fourth quarter results, based ...

Steel Dynamics (STLD) closed the most recent trading day at $131.34, moving +1.09% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 1.12% for the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.54%.Shares of the steel producer and metals recycler witnessed a gain of 4.93% over the previous month, trailing the performance of the Basic Materials sector with its gain of 5.41% and outperforming the S&P 500's gain of 2.06%.Investors will ...

Steel Dynamics (STLD) closed the most recent trading day at $129.96, moving +1.14% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.51% for the day. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.58%.Shares of the steel producer and metals recycler have appreciated by 6.93% over the course of the past month, outperforming the Basic Materials sector's gain of 4.25% and the S&P 500's gain of 2.94%.Analysts and investors alike will be kee ...

In the latest trading session, Steel Dynamics (STLD) closed at $133.82, marking a +1% move from the previous day. This change outpaced the S&P 500's 0.52% gain on the day. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq increased by 0.9%.Shares of the steel producer and metals recycler witnessed a gain of 9.78% over the previous month, beating the performance of the Basic Materials sector with its loss of 0.45% and the S&P 500's gain of 3.85%.Analysts and investors a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-21719 Steel Dynamics, Inc. (Exact name of registrant as specified in its charter) Indiana 35-1929476 (State or other jurisdiction of incorporation or organization) ( ...