Steel Dynamics (STLD) Scales 52-Week High: What's Driving It?

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 ...