Steel Dynamics, Inc. (STLD)

synergize (99.68) Submitted: 5/17/08 4:45 AM : Start Price: $35.71 STLD Score: 6.20

Steel Dynamics, Inc. is a steel producer. The Company, with its acquisition of OmniSource Corporation (OmniSource), is a scrap processor in the United States. During the year ended December 31, 2007, its consolidated shipments, excluding shipments between its operating divisions, totaled 6.2 million tons, which includes steel making, fabrication and scrap processing.

On May 9, 2008, it has has agreed to buy the remaining interest in Recycle South LLC in a cash and stock deal valued at about $370 million to expand its recycled metals business.


On July 2, 2007, Steel Dynamics, Inc. purchased The Techs Holdings Inc. (The Techs), which is a flat-rolled steel galvanizing company that consists of three non-union galvanizing facilities: GalvTech, MetalTech and NexTech. Each facility specializes in the galvanizing of specific types of flat-rolled steels in non-automotive applications, servicing a variety of customers in the heating, ventilation and air conditioning (HVAC), commercial construction, and consumer goods markets.

On October 26, 2007, the Company completed its acquisition of OmniSource, a scrap recycling company.

Technical Analysis:

The Stock is in Bullish Phase. The Bullish Phase occurs when there is an upside trend for the stock. The buyers are pushing the stock up. The stock has retraced 3.4% from its recent high price of 39.25 which occurred on 22-Apr-2008.

The money flowing for last 3 days in STLD has been extremely bullish. This indicator summarizes the price and volume activity over last 3 days. It is a very short term indicator.

Report this Post Replies: 0 | Reply | Permalink