Shares of Steel Dynamics Inc. (NASDAQ:STLD) traded at a new 52-week high today of $71.81. So far today approximately 230,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.
Steel Dynamics operates scrap-based steel minimills with roughly 13 million tons of annual steel production capacity. The company manufactures steel products that primarily serve the construction, automotive, manufacturing, and transportation end markets. It also processes and sells recycled ferrous and nonferrous metals and operates a steel fabrication business that manufactures products for the nonresidential construction industry.
In the past 52 weeks, Steel Dynamics Inc. share prices are bracketed by a low of $28.31 and a high of $71.81 and is now at $70.41, 149% above that low price.
Steel Dynamics Inc. (NASDAQ:STLD) is currently priced 60.6% above its average consensus analyst price target of $27.71.
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