Steel Dynamics traded at $229.34 this Friday May 15th, decreasing $5.34 or 2.28 percent since the previous trading session. Looking back, over the last four weeks, Steel Dynamics lost 17.16 percent. Over the last 12 months, its price rose by 70.16 percent. Looking ahead, we forecast Steel Dynamics to be priced at 224.73 by the end of this quarter and at 211.45 in one year, according to Trading Economics global macro models projections and analysts expectations.
Steel Dynamics, Inc. is a diversified domestic steel producers and metals recycler. The Company's segments include Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment include the Company’s six operating electric arc furnace steel mills, including Butler Flat Roll Division, Columbus Flat Roll Division, Structural and Rail Division, Engineered Bar Products Division, Roanoke Bar Division, and Steel of West Virginia, and its under construction Southwest-Sinton Flat Roll Division; steel coating and processing operations, Heartland Flat Roll Division, United Steel Supply (USS), and Vulcan Threaded Products, Inc. The Metals Recycling Operations Segment includes the OmniSource ferrous and nonferrous processing, transportation, brokerage, and scrap management services. The Steel Fabrication Operations Segment includes the New Millennium Building Systems joist and deck plants located throughout the United States, and in Northern Mexico.