Steel Dynamics, Trump
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Shares of Steel Dynamics Inc. STLD rallied 1.11% to $133.56 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.03% to 6,000.
Consumers are watching what effect President Trump's tariffs will have on homebuilding, as Trump doubled down on steel import taxes.
President Trump announced that he plans to double steel and aluminum tariffs from 25% to 50%. Steel stocks rose on the news. Cleveland-Cliffs significantly outperformed the group this morning, but there's a reason for that.
The stock's fall snapped a two-day winning streak.
Live Updates Live Coverage Has Ended JPMorgan's Stock Picks 3:47 pm by Wall Street firm JPMorgan has added a couple of companies to its top stocks list, coinciding with the final month of trading for Q2 2025.
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Steel Dynamics has a lower P/E than the aggregate P/E of 31.0 of the Metals & Mining industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued.
FORT WAYNE, Ind., June 4, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) congratulates Mark D. Millett for receiving Harbor Aluminum's Gene Greenberg 2025 World's Aluminum Executive ...
Several U.S. steelmaker stocks surged on Monday following President Donald Trump's announcement that he plans to double tariffs on steel imports to 50%.