- Steel Dynamics (STLD) rebukes 10.39% in the first day of the week, reaching maximums of December 5, 2024 in 142.42 $.
- The president of the United States announced the imposition of tariffs of 50% to imports of steel and aluminum.
The Steel Dynamics (STLD) titles established a minimum of the day at $ 134,14, where they found aggressive buyers who promoted the price of the action to maximums not seen since December 5, 2024 in 142.42 $. At the time of writing, STLD quotes about $ 135.71, rising 10.27% daily.
Donald Trump increases 50% steel and aluminum tariffs
In the midst of commercial uncertainty caused by the increase in import rates for steel and aluminum imposed by Donald Trump, the company Steel Dynamics (STLD) has a gain of 10.27% today, reaching maximum five months not seen since December 5, 2024 in 142.42 $.
This measure is presented in the midst of key negotiations between US officials and China, who seek to reach beneficial agreements. However, this lien puts the advances achieved and could deepen the commercial war between the two nations. The 50% tariff application is expected to enter into force as of June 4.
On the other hand, BMO capital adjusted to the rise the target price of STLD to 150.00 $ from $ 145.00. Similarly, the Goldman Sachs investment bank (GS) established an objective price of $ 155.00, modifying it up from $ 153.00.
Technical levels of Steel Dynamics
The STLD values reacted upwards from a support zone given by the minimum of April 21 at $ 112.72. The following key support is observed at 103.17, pivot point of April 7. To the north the important resistance is found in $ 155.56, maximum of November 6, 2024
Stld Daily Graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
