Latest news with #SteelDynamics
Yahoo
2 hours ago
- Business
- Yahoo
Better Dividend Stock: Nucor vs. Steel Dynamics
Nucor and Steel Dynamics are two of the largest steelmakers in North America. Both companies have strong dividend histories. Nucor is likely to be attractive to more conservative investors, while Steel Dynamics will interest dividend growth investors. 10 stocks we like better than Nucor › Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD) have a lot of similarities, which makes sense, since Nucor alumni founded Steel Dynamics. That said, these two U.S. steelmakers are not interchangeable investments. Dividend investors considering stepping into the cyclical steel industry while it is dealing with some industry softness will want to carefully consider what Nucor and Steel Dynamics offer before buying either one. Here's a quick primer. From a big-picture perspective, Nucor and Steel Dynamics make steel. But the real story is how they make that steel, which is by using electric arc mini-mills. This technology uses electricity and scrap steel to make "new" steel. It is more flexible than older blast furnace technology, which uses iron ore and metallurgical coal to make primary steel. While blast furnaces can be highly profitable during industry upturns, their high operating costs mean they can bleed red ink during downturns. Electric arc mini-mills tend to have more consistent and reliable profit margins through the cycle. In other words, Nucor and Steel Dynamics have strong core operations. On top of this strong foundation, Nucor and Steel Dynamics have both built businesses selling fabricated steel products. They basically take the commodity steel they produce and turn it into higher-margin items with more reliable demand characteristics through the steel cycle. This makes them even more robust to the normal cyclical industry downturns that happen. When you hear the word cyclical, you should worry about dividend consistency. However, the strong fundamentals of Nucor and Steel Dynamics on the business side have proven highly valuable to dividend investors. Nucor is a Dividend King, with over 50 consecutive years of annual dividend increases behind it. Steel Dynamics, a much younger company, has increased its dividend annually for 14 straight years. So, despite operating in a volatile industry, they are reliable dividend stocks. That said, there is an important difference between the two on the dividend front. Nucor is a large company that moves slowly and deliberately. That includes on dividends. Over the past decade, its dividend has grown at around 4% a year on an annualized basis. That is faster than the historical growth rate of inflation, so the buying power of the dividend is increasing over time. However, this is a tortoise, not a rabbit. Steel Dynamics' dividend has grown at more than 10% a year. Compared to Nucor it is, indeed, a rabbit. That has a lot to do with Steel Dynamics' smaller size, since it is easier to grow a business when it is small than when it is large and mature. But Steel Dynamics is also a bit more aggressive, noting that it has just entered the aluminum market. Its aluminum business uses similar technology to its steel business, so this isn't a huge reach. But it shows clearly that Steel Dynamics is a far more aggressive business. Nucor and Steel Dynamics have similarly attractive steel businesses. So the core business isn't likely to be the differentiating factor for investors. And they both have solid dividend histories behind them, though being a Dividend King clearly gives Nucor some bragging rights. Nucor's yield is around 1.8% today, which is higher than Steel Dynamics' 1.5%, with both being higher than the S&P 500's smaller average of 1.3%. The real difference here, however, is likely to boil down to the dividend growth rate, combined with the aggressiveness of management. If you are a conservative income investor who likes to buy reliable dividend stocks when they are out of favor, Nucor is likely to be the better choice. Notably, Nucor's stock has fallen 40% from its 2024 highs, which is actually a pretty normal drawdown for the stock. Steel Dynamics, which has more attractive growth prospects for its business (because it is smaller and because it is working to expand into aluminum), is only down around 10% over the same span. But if you are looking for rapid dividend growth, Steel Dynamics may be worth a premium price. That said, either choice will leave you owning a well-run U.S. steelmaker. Before you buy stock in Nucor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nucor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Reuben Gregg Brewer has positions in Nucor. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Better Dividend Stock: Nucor vs. Steel Dynamics was originally published by The Motley Fool
USA Today
a day ago
- Business
- USA Today
Steel stocks: Is Nucor or Steel Dynamics the better buy under Trump's tariff moves?
Steel stocks: Is Nucor or Steel Dynamics the better buy under Trump's tariff moves? Show Caption Hide Caption Reaction from around the world as steel tariffs double "Strongly regret," and "unfair" were some of the reactions from trade partners around the world as the U.S. doubles tariffs on steel imports. Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD) have a lot of similarities, which makes sense, since Nucor alumni founded Steel Dynamics. That said, these two U.S. steelmakers are not interchangeable investments. Dividend investors considering stepping into the cyclical steel industry while it is dealing with some industry softness will want to carefully consider what Nucor and Steel Dynamics offer before buying either one. Here's a quick primer. What do Nucor and Steel Dynamics do? From a big-picture perspective, Nucor and Steel Dynamics make steel. But the real story is how they make that steel, which is by using electric arc mini-mills. This technology uses electricity and scrap steel to make "new" steel. It is more flexible than older blast furnace technology, which uses iron ore and metallurgical coal to make primary steel. While blast furnaces can be highly profitable during industry upturns, their high operating costs mean they can bleed red ink during downturns. Electric arc mini-mills tend to have more consistent and reliable profit margins through the cycle. In other words, Nucor and Steel Dynamics have strong core operations. On top of this strong foundation, Nucor and Steel Dynamics have both built businesses selling fabricated steel products. They basically take the commodity steel they produce and turn it into higher-margin items with more reliable demand characteristics through the steel cycle. This makes them even more robust to the normal cyclical industry downturns that happen. Nucor and Steel Dynamics are reliable dividend stocks When you hear the word cyclical, you should worry about dividend consistency. However, the strong fundamentals of Nucor and Steel Dynamics on the business side have proven highly valuable to dividend investors. Nucor is a Dividend King, with over 50 consecutive years of annual dividend increases behind it. Steel Dynamics, a much younger company, has increased its dividend annually for 14 straight years. So, despite operating in a volatile industry, they are reliable dividend stocks. That said, there is an important difference between the two on the dividend front. Nucor is a large company that moves slowly and deliberately. That includes on dividends. Over the past decade, its dividend has grown at around 4% a year on an annualized basis. That is faster than the historical growth rate of inflation, so the buying power of the dividend is increasing over time. However, this is a tortoise, not a rabbit. Steel Dynamics' dividend has grown at more than 10% a year. Compared to Nucor it is, indeed, a rabbit. That has a lot to do with Steel Dynamics' smaller size, since it is easier to grow a business when it is small than when it is large and mature. But Steel Dynamics is also a bit more aggressive, noting that it has just entered the aluminum market. Its aluminum business uses similar technology to its steel business, so this isn't a huge reach. But it shows clearly that Steel Dynamics is a far more aggressive business. Which steel mill is right for you? Nucor and Steel Dynamics have similarly attractive steel businesses. So the core business isn't likely to be the differentiating factor for investors. And they both have solid dividend histories behind them, though being a Dividend King clearly gives Nucor some bragging rights. Nucor's yield is around 1.8% today, which is higher than Steel Dynamics' 1.5%, with both being higher than the S&P 500's smaller average of 1.3%. The real difference here, however, is likely to boil down to the dividend growth rate, combined with the aggressiveness of management. If you are a conservative income investor who likes to buy reliable dividend stocks when they are out of favor, Nucor is likely to be the better choice. Notably, Nucor's stock has fallen 40% from its 2024 highs, which is actually a pretty normal drawdown for the stock. Steel Dynamics, which has more attractive growth prospects for its business (because it is smaller and because it is working to expand into aluminum), is only down around 10% over the same span. But if you are looking for rapid dividend growth, Steel Dynamics may be worth a premium price. That said, either choice will leave you owning a well-run U.S. steelmaker. Reuben Gregg Brewer has positions in Nucor. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY. Should you invest $1,000 in Nucor right now? Offer from the Motley Fool: Before you buy stock in Nucor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nucor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider whenNetflixmade this list on December 17, 2004... if you invested $1,000 at the time of our recommendation,you'd have $656,825!* Or when Nvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you'd have $865,550!* Now, it's worth notingStock Advisor's total average return is994% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you joinStock Advisor. See the 10 stocks »
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Steel Dynamics Congratulates Mark D. Millett for Receiving Harbor Aluminum's Gene Greenberg 2025 World's Aluminum Executive of the Year Award
FORT WAYNE, Ind., June 4, 2025 /PRNewswire/ — Steel Dynamics, Inc. (NASDAQ/GS: STLD) congratulates Mark D. Millett for receiving Harbor Aluminum's Gene Greenberg 2025 World's Aluminum Executive of the Year Award. Harbor's Gene Greenberg World's Aluminum Executive of the Year Award honors leaders with integrity who have made significant contributions to technically improve and / or disrupt the aluminum industry for the better. 'Throughout his career, Mark has led transformational strategic growth within the steel industry and at Steel Dynamics,' said Theresa E. Wagler, Executive Vice President and Chief Financial Officer. 'Most recently, Mark has led Steel Dynamics strategic growth into the aluminum industry with our investments in a state-of-the-art recycled aluminum flat rolled products rolling mill and in two aluminum recycling slab centers. Mark has driven innovation, while creating an entrepreneurial, passionate team that drives toward excellence in all that they do. We are grateful to Mark for his leadership and his unwavering dedication to the Steel Dynamics team. We are incredibly proud of him as he receives this peer recognition regarding his contribution to the aluminum industry so far, and for what lies ahead.' Mr. Millett co-founded Steel Dynamics in 1993 and has been instrumental in building Steel Dynamics from its inception to its status as a leading industrial metals solutions company with over 13,000 team members. Mr. Millett has been the Chief Executive Officer of Steel Dynamics since January 2012 and was named Chairman of the Board in May 2021. About Steel Dynamics, Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company is also currently investing in aluminum operations to further diversify its product offerings, with plans to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.
Yahoo
2 days ago
- Business
- Yahoo
Steel Dynamics Congratulates Mark D. Millett for Receiving Harbor Aluminum's Gene Greenberg 2025 World's Aluminum Executive of the Year Award
FORT WAYNE, Ind., June 4, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) congratulates Mark D. Millett for receiving Harbor Aluminum's Gene Greenberg 2025 World's Aluminum Executive of the Year Award. Harbor's Gene Greenberg World's Aluminum Executive of the Year Award honors leaders with integrity who have made significant contributions to technically improve and / or disrupt the aluminum industry for the better. "Throughout his career, Mark has led transformational strategic growth within the steel industry and at Steel Dynamics," said Theresa E. Wagler, Executive Vice President and Chief Financial Officer. "Most recently, Mark has led Steel Dynamics strategic growth into the aluminum industry with our investments in a state-of-the-art recycled aluminum flat rolled products rolling mill and in two aluminum recycling slab centers. Mark has driven innovation, while creating an entrepreneurial, passionate team that drives toward excellence in all that they do. We are grateful to Mark for his leadership and his unwavering dedication to the Steel Dynamics team. We are incredibly proud of him as he receives this peer recognition regarding his contribution to the aluminum industry so far, and for what lies ahead." Mr. Millett co-founded Steel Dynamics in 1993 and has been instrumental in building Steel Dynamics from its inception to its status as a leading industrial metals solutions company with over 13,000 team members. Mr. Millett has been the Chief Executive Officer of Steel Dynamics since January 2012 and was named Chairman of the Board in May 2021. About Steel Dynamics, Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company is also currently investing in aluminum operations to further diversify its product offerings, with plans to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products. View original content to download multimedia: SOURCE Steel Dynamics, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Commodities watch: Steel stocks & oil prices jump
Steel stocks, including Steel Dynamics (STLD), Cleveland Cliffs (CLF), and Nucor Corp (NUE), are surging after President Trump moved to double tariffs on imported steel and aluminum starting June 4. Oil (CL=F, BZ=F) prices are also jumping as OPEC+ increases supply in July, adding 411,000 barrels per day. Morning Brief hosts Brad Smith and Madison Mills break down what the hike means for steel producers. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Steel stocks are rallying after President Trump said tariffs on imported steel and aluminum would double from 25% to 50%. The president saying the hike will quote, further secure the steel industry in the US. Those changes are expected to begin on June 4th. The move escalating tensions the US's top steel trading partners including Canada and Mexico. Analysts making some calls in light of the news. We got BMO capital markets upgrading North Carolina based steel producer Nucor to outperform from market perform, but Canada's Algoma steel is getting cut to market perform from outperform due to its exposure to the US and of course due to these higher import tariffs. Also in commodities activity, oil prices jumping as OPEC plus increases supply amid geopolitical concerns. The organization raising its output for July by 411,000 barrels per day for the third consecutive month. There was some disagreement over the latest hike with few countries lobbying for a pause in July. In part, the rise in oil prices is also attributable to an unwinding of bearish bets ahead of the decision following reports that the group was considering an even bigger supply hike.
