Steel Dynamics, Inc. (STLD) Social Stream
Featured Post From StockTwits About STLD
$CLF $X $NUE $MT $STLD "To compare companies from this particular sector, I focus on EV-to-EBITDA multiple and the corresponding indicators of growth and marginality:"Ironbro, published June 2, 2021
"As you can see, the CLF's multiple is greatly underestimated if we consider how the company's EBITDA is going to change. It is obvious that the drop in this multiplier, which occurred over the past 6 months, with such a serious growth of EBITDA, will not remain in place.
Automakers bring the most revenue for Cleveland-Cliffs. According to the most recent CLF's IR presentation, the demand in this industry has already fully recovered, even overtaking pre-Covid times (Truck/SUV's market share trend, which is beneficial to CLF)"
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Other Notable StockTweets About STLD
$CLF now has lower input costs than $STLD and $NUE , which are vulnerable to what will be a growing global scrap shortage - if China does even a tiny bit of what it says it's going to do in moving to EAFs. Bonus: Cliffs controls much of the scrap alternative supply for the domestic industry. Many do not understand the limits of EAFs either. Shameful differences in multiples here.SemiRetiredEngineer, published June 1, 2021
$CLF $X $STLD $CMC With the Mittal tonnage, Cleveland-Cliffs becomes the 2nd largest steel producer in the USA, behind Nucor. $NUE
So what we have is a CLF with 1/3rd of the mkt cap of NUE, arguably similar revenues and debt levels, and NUE is trading 1% off its 52 week high while CLF trades 20% off its 52 week high. I think next week is due for a rebound
Old but good article