These stocks are expected to benefit from the reshoring trend currently happening [Seeking Alpha]
Steel Dynamics, Inc. (STLD)
Last steel dynamics, inc. earnings: 4/20 06:00 pm
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US:NASDAQ Investor Relations:
ir.steeldynamics.com/presentations
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Source: Seeking Alpha
Construction spending on U.S. manufacturing increased more than 50% year-over-year in 2023. In addition, this jump – the biggest in a decade or more – was driven by a decline in the ratio of U.S. imports from Asia low-cost countries (20% less) compared to domestic manufacturing gross output, according to Kearney's 2024 Reshoring Index. There are several companies already benefiting from reshoring, such as Eaton ( ETN ), which has gained more than 9% in orders on a rolling 12-month basis in the second quarter. Steel Dynamics ( STLD ) has also showed increased demand on U.S. manufacturing. Another beneficiary has been Nucor ( NUE ), which has been shipping to several under construction chip plants. There are several other companies expected to see tailwinds over the next few years: Emerson Electric Co. ( EMR Parker-Hannifin Corporation ( PH Rockwell Automation, Inc. ( ROK United Rentals, Inc. ( URI Commercial Metals Company ( CMC EastGroup Properties, Inc. ( EGP LXP I
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STLD
News
- Steel Dynamics Announces Fourth Quarter 2024 Cash DividendPR Newswire
- Is Steel Dynamics, Inc. (NASDAQ:STLD) Trading At A 47% Discount? [Yahoo! Finance]Yahoo! Finance
- Zacks Industry Outlook Highlights Steel Dynamics, Commercial Metals, Companhia Siderurgica Nacional [Yahoo! Finance]Yahoo! Finance
- BofA's ‘Value 10' stocks: adding STLD and ALL Nov. 05, 2024 10:15 AM ET By: Monica L. Correa , SA News Editor [Seeking Alpha]Seeking Alpha
- 3 Steel Producer Stocks to Watch Amid Industry Headwinds [Yahoo! Finance]Yahoo! Finance
STLD
Earnings
- 10/16/24 - Beat
STLD
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/8/24 - Form 10-Q
- STLD's page on the SEC website