Steel Dynamics Inc（STLD）のニュースとイベントSTLDSteel Dynamics Inc

Morgan Stanley Raises Amazon Price Target to $350

Following a two-week-long correction of over 6%, the Nasdaq Composite bounced by over 1% on Monday as the AI trade staged recovery.   Tech was also one of the stronger sectors in the S&P 500, where a 6% bounce in AI buildout exposed names like Western Digitaland SanDiskhelped to pace the index to 0.4% gains for the day.  Consumer Cyclicals, however, was the best-performing sector in the benchmark thanks to the 5% bounce in shares of Amazonfollowing a bullish note from Morgan Stanley, which named the stock its "top pick" and raised its price target to $350 per share.   On the flip side, Utilities was the worst-performing sector in the S&P, with a 4 basis point bounce in 10-year Treasury yields to 5.14% balancing its income appeal.In the opening hour of the evening session, S&P e-Minis and Nasdaq 100 contracts are both up a decimal. In commodities, WTI  Crude Oil backed away from the $100-a-barrel level, though the contract is still up about 13% from the sub-$90 lows seen just two weeks ago.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RBB Bancorpup 4.0%Washington Trust Bancorpup 3.0%Zions Bancorporationup 0.9%ALSO HIGHER -3M Companyup 5.2% after announcing GSEO collaborationBitdeer Technologiesup 4.0% after September production reportJELD-WENup 3.0% after CFO transition, affirmed guidanceTrex Companyup 2.0% after Stifel upgrade to BuyDOWN AFTER EARNINGS -Crown Holdingsdown 5.5%Steel Dynamicsdown 5.1%W. R. Berkleydown 2.1%ALSO LOWER -FreightCar Americadown 19.3% after negative Q3 pre-announcementTorrid Holdingsdown 2.2% after CFO transition

CEO Millett Looks Ahead to Steel and Aluminum Industry Prospects for 2027

"Looking ahead to 2027 and beyond, we remain optimistic regarding the domestic steel and aluminum industries," stated CEO Millett. "We expect steel and aluminum consumption to benefit from continued investment in infrastructure, manufacturing, energy, and data centers, along with improving broader economic activity. These demand drivers, combined with a supportive U.S. trade environment and reduced unfairly traded import competition, should provide a healthy backdrop for domestic steel and aluminum product producers. While additional domestic steelmaking and aluminum capacity may enter the market in the coming years, we believe improving demand and supportive trade policy will support healthy industry dynamics. Our growth strategy remains closely aligned with our customers' evolving needs, focused on providing differentiated products, strengthening supply chain efficiency, and advancing sustainable manufacturing solutions. Our expansion into high-recycled-content aluminum sheet products builds on the strength of our steel platform and extends our proven operating model into attractive, supply-deficit markets, including beverage can, packaging, automotive, industrial, and construction applications. As demand for domestically produced, lower-carbon materials continue to grow, we believe our performance-driven culture, low-cost operating model, and strategic investments in aluminum position us to broaden our customer relationships, diversify our earnings profile, and create compelling long-term value. We remain firmly committed to the health and safety of our teams, their families, and the communities we serve, while meeting the evolving needs of our customers. Our culture and performance-driven business model continue to positively differentiate our company. We remain focused on delivering superior value to our team members, customers, and shareholders," concluded Millett.

Mark D. Millett Reports Q3 Revenue of $6.5B

Reports Q3 revenue $6.5B, consensus $6.55B. "Throughout the third quarter 2026, steel prices continued to improve and the teams executed well across our steel platform, driving a sequential quarterly increase in consolidated operating income of $306 million, or 44 percent," said Mark D. Millett, Chairman and Chief Executive Officer. "Our steel fabrication platform also had a healthy performance as continued improving demand resulted in higher sequential shipments of 18 percent and increased earnings despite higher steel costs. Our three-year after-tax return on invested capital of 13 percent demonstrates the strength of our differentiated business model and disciplined capital allocation framework. Our disciplined approach to capital allocation continues to support investments in high-return strategic growth opportunities, meaningful shareholder returns, and financial performance that compares favorably with top-tier domestic manufacturers. "During the third quarter, the domestic steel market remained strong, supported by steady demand, low customer inventories, and historically low import levels," said Millett. "Steel pricing strengthened, as lead times extended and spot availability tightened across flat-rolled and structural steel products. In addition, as coated flat rolled steel imports abated due to recent trade actions and demand remained strong, value-added flat-rolled steel spreads also expanded. In general, U.S. steel imports remain well below historical and prior-year levels, while improving manufacturing activity, onshoring, and continued investment in infrastructure, energy, healthcare, and computing support healthy steel consumption. Long-product steel demand remains extremely strong, particularly for structural steel and railroad rail. We believe sustained demand across our platforms, combined with favorable market conditions, positions us well moving forward. "We continue to make meaningful progress at our aluminum operations as the team continues to commission, qualify, and ramp up our state-of-the-art aluminum flat-rolled products mill," continued Millett. "All three cold mills are now operational which provides us the ability to achieve our annual volume expectations, and the first of two Continuous Annealing and Solution Heat (CASH) lines is operating and is expected to ship finished automotive products before the end of the year. The second CASH line will be commissioned in the coming months and become operational early in the first quarter 2027. The team is successfully producing high-quality products for the industrial, beverage, and automotive markets, while continuing to expand its qualified customer base. Together with our broader investment initiatives across the company, aluminum represents an exciting avenue for continued growth and value creation."