Steel Dynamics Trading Volume Drops 34.49% but Ranks 472nd in Market Activity as UBS Upgrades to Buy

On March 25, 2025, Steel Dynamics (STLD) saw a trading volume of 1.84 billion, a 34.49% decrease from the previous day, ranking 472nd in the day's market activity. The stock price of Steel Dynamics rose by 1.06%, marking the second consecutive day of gains, with a total increase of 4.34% over the past two days.

UBS Group has upgraded Steel Dynamics from a "neutral" rating to a "buy" rating, setting a price objective of $149.00 for the company. This upgrade is based on the positive impact of tariff protections on U.S. steel and aluminum, which are expected to support higher steel prices. The upgrade reflects a more constructive outlook for the U.S. steel industry, driven by the supportive tariff environment.

UBS analysts have cited higher steel prices, stemming from President Trump's tariffs, as a key reason for their bullish stance on Steel Dynamics. The analysts believe that these tariffs will create a more favorable period for U.S. steel prices, which should translate into improved financial performance for the company.