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Motley Fool
Why Steel Dynamics Stock Jumped Today
Steel Dynamics (NASDAQ: STLD) not only reported record sales, earnings, and cash flow but also announced a new growth investment last week. Last week, Steel Dynamics, Nucor, and Cleveland-Cliffs all said business remained strong in the second quarter and the outlook for the third quarter is solid. While many business leaders have been expressing concern over a slowing economy, inflation, rising interest rates, and supply chain challenges, steel sector executives had a different take last week.
