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Wednesday, April 7, 2010 as of 11:14 AM ET

Steel Dynamics

Steel Dynamics is the fifth largest producer of carbon steel products in United States.

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Related Topics

  1. US Steel
  2. General Dynamics
  3. AK Steel Holding
  4. Nucor
  5. ArcelorMittal
  6. Mark Parker
Get updates on Steel Dynamics
Basic Materials Sector Wrap

The Basic Materials sector (XLB) held steady on a trading day that saw S&P 500 drop 0.

6%.The ETF is trading at 0.7% of its 50-day moving average and 102.9% above its 200-day moving average.Universal Forest Products (NASDAQ:UFPI) was a significant gainer in the sector, rising 8.2%. The stock closed at $34.98 with 349,392 shares moving. The stock traded in a range of $34.65 to $37.47. Share price is up, having risen 30 cents (0.9%) from $34.68 on March 20, 2012.Steel Dynamics (NASDAQ:STLD) was a major loser in the sector. Its price dropped 5.5% (-76 cents) to close at $13.12, as five million shares moved. The stock traded in a range of $13.07 to $13.89. The stock has been sinking in the last two months, down $2.37 (-15.3%) from a price of $15.49 on February 21, 2012.Chemtura Corporation (NYSE:CHMT) rose 5.3% to close at $17.36, crossing its 50-day moving average of $16.50. Meanwhile, Valhi (NYSE:VHI) dropped 4.3% to close at $51.16, moving below its 200-day moving average or $56.11.First...

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