Steel Dynamics Inc is a leading steel processor and recycler that operates in the steel manufacturing sector
The company produces a wide range of steel products, including hot-rolled, cold-rolled, and coated steel sheets, as well as structural steel shapes and beams. In addition to its steel production facilities, Steel Dynamics also has an extensive network of scrap recycling operations, contributing to its sustainability initiatives by promoting the recycling of scrap metal. The company serves various industries, including automotive, construction, and energy, and is committed to innovation and efficiency in its manufacturing processes. Through its integrated business model, Steel Dynamics plays a vital role in the supply chain of steel products while emphasizing environmental responsibility and operational excellence.
Three stocks have been breaking out lately, showing investors that there is enough short-term momentum backed by underlying fundamentals to keep going.
Republican Senator Mitch McConnell expressed his concerns over President Donald Trump's tariff policies, warning that they could trigger a trade war and subsequently inflate prices for consumers and businesses in the U.S.
Tariffs on metal imports create opportunities in ETFs focused on U.S. steelmakers. Top picks are VanEck Steel, SPDR S&P Metals & Mining, and Global X U.S. Infrastructure Development ETF.
Analysts at Morgan Stanley underscored their bullish outlook for the industry after the Trump administration formalized tariffs on steel and aluminum imports.
Trump tariffs are likely to boost inflation further above the Fed's target, keeping the Federal Reserve on pause amid what Jerome Powell sees as a solid labor market.
The industrial products and basic materials sectors saw a nice spike today, particularly among U.S. stocks as their foreign counterparts fell on news of President Trump’s plan to implement a 25% tariff on imported steel and aluminum.
Curious about the top performers within the S&P500 index in the middle of the day on Monday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Let's have a look at what is happening on the US markets before the opening bell on Monday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
Leading economists criticized former President Donald Trump's plan to reimpose 25% tariffs on metal imports, while U.S. steel stocks rallied sharply during Monday's trading session amid expectations of reduced foreign competition.
Wall Street bounced back on Monday, recovering from Friday's robust decline fueled by tariff concerns, as investors remained focused on strong earnings from the fourth-quarter reporting season while awaiting further clarity on trade policie
