Steel Dynamics added as a new short at Hedgeye

[Steel coil transport]
Taitai6769/iStock via Getty Images

Steel Dynamics (STLD [https://seekingalpha.com/symbol/STLD]) was added as a new short idea at Hedgeye.

"STLD has outperformed on the back of tariffs, reshoring, and the broader reindustrialization narratives, yet EPS remains roughly half of its 2022 peak," Hedgeye analsty Jay Van Sciver wrote in a note on Sunday. "We struggle to find evidence that the US could reindustrialize over a reasonable investment horizon, at least in response to protectionist policies."

"We expect STLD to lag as investors reconcile returns, industry pricing, and valuations with narratives and industry capacity investments that fail to measure up," Van Sciver added.

Shares of Steel Dynamics (STLD [https://seekingalpha.com/symbol/STLD]) ticked lower by 0.7%

MORE ON STEEL DYNAMICS

* Steel Dynamics, Inc. (STLD) Q3 2025 Earnings Call Transcript [https://seekingalpha.com/article/4831557-steel-dynamics-inc-stld-q3-2025-earnings-call-transcript]
* Steel Dynamics, Inc. 2025 Q3 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4831503-steel-dynamics-inc-2025-q3-results-earnings-call-presentation]
* Steel Dynamics: Limited Upside Ahead Of Q3 Results (Downgrade) [https://seekingalpha.com/article/4828352-steel-dynamics-limited-upside-ahead-of-q3-results-downgrade]
* Steel Dynamics targets 75% aluminum utilization exit rate for 2026 as Sinton and fabrication operations drive record shipments [https://seekingalpha.com/news/4506277-steel-dynamics-targets-75-percent-aluminum-utilization-exit-rate-for-2026-as-sinton-and]
* Steel Dynamics Q3 2025 Earnings Preview [https://seekingalpha.com/news/4505329-steel-dynamics-q3-2025-earnings-preview]