
Steel Dynamics upgraded on tariff-driven price surge
Investing.com -- Morgan Stanley upgraded Steel Dynamics (NASDAQ:STLD) Inc to "Overweight" amid tariff driven price surges, and the completion of its capital expenditure cycle and expectations of higher free cash flow and shareholder returns.Steel prices have surged following the U.S. administration’s reimplementation of 25% tariffs on steel imports, with hot-rolled coil prices jumping fro ...