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UBS upgraded Steel Dynamics (BMV:STLD) from Neutral to Buy on March 24, 2025. Fund sentiment has shifted significantly, with a total of 0 funds reporting positions, a decrease of 1,069 owners. Notable shareholders include Price T Rowe Associates, which increased its stake by 8.02%, while Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund reduced their allocations by 2.55% and 12.73%, respectively.
UBS has upgraded Nucor and Steel Dynamics from neutral to buy, citing stronger-than-expected tariff protections for U.S. steel and aluminum, along with a rally in finished steel prices. Despite anticipating a decline in steel prices later this year due to reduced demand, the firm maintains a target of $160 for Nucor and $149 for Steel Dynamics, noting that reshoring efforts may help offset demand fluctuations.
Nucor and Steel Dynamics are experiencing a positive shift as UBS upgrades their ratings to Buy, driven by an optimistic outlook on rising steel prices. This upgrade reflects a growing confidence in the steel market's recovery and potential profitability for these companies.
UBS analysts upgraded shares of U.S. steelmakers Nucor and Steel Dynamics, citing a nearly 20% rise in steel prices following President Trump's 25% tariff on imports. Despite expectations for prices to eventually cool, analysts foresee elevated levels supported by higher costs and tariffs, even amid weak demand. They maintain a $149 price target for Steel Dynamics and raised Nucor's target to $160, indicating significant upside potential for both stocks.
UBS has upgraded Nucor and Steel Dynamics to Buy, citing increased U.S. steel trade protections and a positive price outlook, raising price targets to $160 and $149, respectively. Despite a recent drop in steel equities, UBS anticipates a recovery in demand and higher prices, projecting U.S. hot-rolled coil prices to average $800 per short ton by 2026-2028. The firm remains cautious on rebar and Commercial Metals Company due to expected supply growth pressures.
UBS has upgraded Nucor and Steel Dynamics to "Buy," citing strengthening US trade protections and higher price expectations for steel, while maintaining a "Neutral" stance on Commercial Metals Company. Price targets have been set at $160 for Nucor and $149 for Steel Dynamics, with expectations of US hot-rolled coil prices averaging $800 per short ton by 2026-2028, supported by tariff updates and rising scrap prices. Despite recent declines in the sector, UBS sees an attractive entry point for investors, anticipating a stabilization in demand and earnings growth through 2025.
Steel Dynamics, Inc. is recognized for its strong position in the carbon steel market, with a diverse product range. The company generates 67.3% of its sales from steel products, 14.9% from non-residential construction components, 11.6% from steel and metal scrap processing, and 6.2% from other activities. UBS views it as a favorable investment opportunity amid market challenges and tariff protections.
UBS identifies Steel Dynamics, Inc. as a favorable investment opportunity amid current market volatility and tariff protections. The company focuses on carbon steel products, with net sales primarily from steel product sales (67.3%), structural steel components for non-residential construction (14.9%), and steel scrap processing (11.6%).
Shares of U.S. steelmakers Nucor and Steel Dynamics rose 3.2% and 4%, respectively, following UBS's upgrade from "neutral" to "buy" and a revised price target for Nucor. UBS cites favorable tariff protections and strong earnings forecasts driven by increased demand and reduced competition, despite a potential slight decline in steel prices later in 2025.
Nucor and Steel Dynamics saw their shares rise by 4% and 3.2%, respectively, following an upgrade from UBS, which shifted both stocks to "buy" from "neutral." The brokerage highlighted tariff protections on U.S. steel and aluminum as a catalyst for potential increases in hot-rolled coil prices, alongside expectations of robust earnings for Nucor driven by rising demand and reduced competition. Despite a recent market selloff, UBS views this as an attractive entry point for investors, projecting strong cash returns from Steel Dynamics' growth initiatives.
Steel Dynamics, Inc.
Companies
| Symbol | STLD |
| Name | Steel Dynamics, Inc. |
| Currency | USD |
| Sector | Materials |
| IndustryGroup | Materials |
| Industry | Metals & Mining |
| Market | NASDAQ Global Select |
| Country | United States |
| State | IN |
| City | Fort Wayne |
| Zipcode | 46804 |
| Website | http://www.steeldynamics.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs upgrades steel dynamics to buy amid shifting fund sentiment
01:11 25.03.2025
ubs upgrades nucor and steel dynamics on tariff protections and price rally
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Nucor and Steel Dynamics upgraded as steel price outlook improves
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ubs analysts upgrade steel stocks amid rising prices and tariff support
17:54 24.03.2025
ubs upgrades steel stocks on tariff support and positive price outlook
United States Dollar
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Commercial Metals Company
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16:46 24.03.2025
ubs upgrades nucor and steel dynamics on tariffs and price expectations
Chinese Yuan
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Nucor Corp
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16:16 24.03.2025
steel dynamics offers strong investment opportunity amid market challenges
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ubs identifies steel dynamics as strong investment opportunity during market downturn
15:55 24.03.2025
Nucor and Steel Dynamics shares rise after UBS upgrades tariff outlook
15:55 24.03.2025
Nucor and Steel Dynamics shares rise after UBS upgrade on tariffs
15:55 24.03.2025
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