Skip to content

Steel Dynamics Shares Drop 6%

Steel Dynamics shares fell sharply by 4.01pm in London today, the third-largest move of the past six months, leaving the stock well below its 52-week high.

Steel Dynamics (STLD), the US steelmaker, fell 6.1% to $225.49 by 4.01pm in London today. The shares have traded between $225.02 and $242.64 so far, which leaves them near the bottom of the day’s range.

STLD.US

The fall leaves the stock 20.1% below its 52-week high and 50% above its 52-week low. The shares are still up 33.8% so far this year.

Line chart of Steel Dynamics shares over a month, dropping sharply in the latest session
Steel Dynamics shares over the month to 4.01pm in London today, the session so far.

How unusual this is

Today’s fall is the third-largest move of the past six months, measured across 126 sessions. Only two sessions in that period saw the shares move by more, so a drop of this size is uncommon for the stock.

Chart of Steel Dynamics daily share price changes over six months, with today's fall highlighted as one of the largest
Steel Dynamics daily share price changes over six months, with today’s move so far highlighted.

The previous move of this kind came on the 22nd of October, nine sessions earlier.

Asktraders News Team
Asktraders News Team
Team Member

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

Stay ahead of the markets

Sign up to our free Morning Markets email, every weekday before the open.