Steel Dynamics' Fabrication Backlog Jumps 40%, Extends Into 2027
STLD has more than doubled off its 52-week low of $119.89.
Summary
Steel Dynamics announced its steel fabrication order backlog has increased by nearly 40% year-over-year, now stretching into 2027, driven by strong demand in commercial construction and data centers. This provides significant revenue visibility for a core segment. However, the company expects Q2 fabrication earnings to be incrementally below Q1 results, as higher raw material costs offset benefits from stronger shipments and steady pricing.
At the time of this announcement, STLD was trading at $262.89 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $39B. The 52-week trading range was $119.89 to $288.74. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.