Steel Dynamics Inc. Stock Underperforms Tuesday When Compared To Competitors
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Steel Dynamics Inc. (STLD) shares fell 1.07% to $171.03 on Tuesday, marking the second consecutive day of losses amid a declining stock market. The S&P 500 Index decreased by 0.14%, and the Dow Jones Industrial Average dropped by 0.20%. STLD is currently 4.11% below its 52-week high of $178.36. In comparison, competitors Nucor Corp. (NUE), Cleveland-Cliffs Inc. (CLF), and Reliance Inc. (RS) also experienced declines. Trading volume was significantly below the 50-day average.
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