Steel Dynamics surges 45% in 2024, crushing Dow Jones and Nucor
Steel Dynamics, Inc. (STLD) has seen a strong surge in its share price this year. The Indiana-based steel producer and metal recycler now holds a market value of $24.2 billion, placing it firmly in large-cap territory. Recent performance figures show the company outperforming both broader market indices and key rivals.
Over the past 12 months, STLD shares have climbed 19.7%, well ahead of the Dow Jones Industrial Average’s 7.1% gain. The stock has also left competitor Nucor Corporation (NUE) behind, with NUE rising just 9.4% in the same period. Year-to-date, STLD’s 45% jump dwarfs the Dow’s 11.8% return and Nucor’s 35.5% increase.
STLD’s recent performance highlights its resilience in a competitive sector. With a market cap exceeding $24 billion and sustained price gains, the company continues to strengthen its position. The latest financial results and technical indicators suggest the upward trend may persist in the near term.
