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Steel Dynamics (STLD) stock has risen 24% over the last three months, trading at $169.13, with analysis pointing to a potential 6.4% undervaluation driven by tariffs and domestic demand.
Steelmakers Nucor and Steel Dynamics warn that their fourth-quarter 2025 earnings will fall short of expectations, with Steel Dynamics guiding for $1.65 to $1.69 per share.
Nucor's stock dropped 1.64% on December 17, 2025, as rising scrap steel costs began to counteract the benefit of benchmark steel prices reaching $900 per ton.
Four major steel stocks—CMC, MT, NUE, and STLD—have rallied over 40% year-to-date, fueled by producer-led price increases amid a rebound in demand from the automotive and construction sectors. However, conflicting global data introduces uncertainty.