UBS Reaffirms Buy on Steel Dynamics (STLD) Amid Pricing Stability

Steel Dynamics Inc. (NASDAQ:STLD) ranks among the stocks to benefit from an onshoring boom. Citing stable flat steel pricing and improved long steel product pricing, UBS kept its Buy rating and $149 price target on Steel Dynamics Inc. (NASDAQ:STLD) on July 22.

While long steel products continued to strengthen into July, Steel Dynamics Inc. (NASDAQ:STLD) said that flat steel pricing had stabilized at higher levels. However, policy uncertainty over trade, taxes, and interest rates has driven customer order hesitation.

The company predicts that North American pricing and demand will be supported by reduced imports, increased domestic investment, and onshoring trends. Additionally, Steel Dynamics Inc. (NASDAQ:STLD) believes that the CORE trade case will reduce import pressures, which will be favorable for its fabrication and steel companies.

The company also added that production problems at its Sinton factory have been resolved, with expectations for “significantly” increased profitability in the second half of the year.

Steel Dynamics Inc. (NASDAQ:STLD) operates as a producer of steel and metal recycler. The company operates through four divisions: Aluminum Operations, Steel Fabrication Operations, Metals Recycling Operations, and Steel Operations.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.