Shares of Steel Dynamics Inc. (NASDAQ:STLD) traded today at $74.35, eclipsing its 52-week high. Approximately 230,000 shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.
Over the past year, Steel Dynamics Inc. has traded in a range of $28.31 to $74.35 and is now at $73.25, 159% above that low.
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.
Steel Dynamics Inc. (NASDAQ:STLD) is currently priced 61.5% above its average consensus analyst price target of $28.23.
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