From Nasdaq: 2025-06-03 10:09:00

Domestic steel stocks surged after President Trump raised tariffs on imported metals to 50%. Steel Dynamics (NASDAQ: STLD) gained over 10% on Monday. Nucor Corp (NYSE: NUE) and Cleveland-Cliffs Inc (NYSE: CLF) also rose. STLD is poised for more gains if tariffs continue. Steel spot prices rose over 35% in 2025.

Steel Dynamics, Nucor, and US Steel favor the new tariff regime. Steel Dynamics stands out with new plants in Texas and Mississippi boosting production. Nucor raised hot-rolled steel prices nine times in early 2025. STLD has strong financials compared to competitors, with a 26.42% dividend payout rate and 13 consecutive years of dividend increases.

Steel Dynamics reported strong earnings and revenue beats. The steel industry may face challenges from a deteriorating economic outlook, especially in construction. Steel is crucial for construction, but falling home and vehicle sales could impact the sector. Analysts have upgraded STLD shares, with a price target of $147.44 and an average of 8% upside potential. Steel Dynamics Inc. (NASDAQ:STLD) reported a record net income of $702 million in the second quarter of 2021, up from $120 million in the same period last year. The company’s net sales also increased by 85% to $4.5 billion, driven by strong demand in the steel industry. Steel Dynamics Inc. is optimistic about its future performance as demand continues to rise.



Read more at Nasdaq:: Steel Dynamics Shares Climb After Tariff Announcement