Steel Dynamics Stock is Up 9.6% While Its Peers Are Rusting

Steel Dynamics TodaySTLDSteel Dynamics$129.15 -0.35 (-0.27%) 52-Week Range$95.53▼$151.34Dividend Yield1.42%P/E Ratio8.87Price Target$129.63Add to WatchlistWhile most steel producer stocks are trading down in 2024, Steel Dynamics Inc. NASDAQ: STLD is an exception. Its stock is trading up 9.1% year-to-date (YTD). The VanEck Steel ETF (NYSEARCA: SLX) is down 9.67% YTD. Incidentally, a number of steel companies lowered their guidance, which caused their shares to sell off. On June 17, 2024, Steel Dynamics lower ...