Steel Dynamics Stock Drops 2.82% Amid Market Downturn, Ranks 414th in Trading Volume

On June 11, 2025, Steel Dynamics (STLD) closed at $130.03, marking a 2.82% decline from the previous day. The stock's performance was notably weaker compared to the broader market, with a trading volume of 2.45 billion, ranking 414th in the day's market activity.

Steel Dynamics' stock price has been influenced by broader market trends, particularly the performance of chip makers. The company's stock closed lower, reflecting a broader market downturn where other steel and metal companies also experienced significant declines.

Analysts have set a price target of $147.44 for Steel Dynamics, indicating a potential upside from its current trading levels. This forecast suggests that despite recent volatility, there is optimism about the company's long-term prospects.