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Steel Dynamics, Inc. Buyback

OLI recorded this information on 9/4/2018

Company: Steel Dynamics, Inc.
Buyback: STLD buyback
$Amount Authorized: $750,000,000
Buyback Details: Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that its Board of Directors has authorized an additional share repurchase program of up to $750 million of the company's common stock. The authorization is effective immediately, and follows the completion of the company's October 2016 $450 million share repurchase authorization, which was finished in August 2018.

Steel Dynamics is a steel producer and metal recycler. Co. manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joists and deck products. Co. has three segments: Steel, which produces steel from ferrous scrap and scrap substitutes, utilizing continuous casting, automated rolling mills and several steel coating and processing lines, and Iron Dynamics; metals recycling, which involves the purchase, processing, and resale of ferrous and nonferrous scrap metals into reusable forms and grades; and steel fabrication, which produces steel building components, including steel joists, girders, trusses, and steel deck.

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Company Name: 
Steel Dynamics Inc.
Stock buyback: 
STLD buyback
Website: 
www.steeldynamics.com
Sector: 
Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding STLD: 
82
Total Market Value Held by ETFs: 
$2.11B
Total Market Capitalization: 
$13.51B
% of Market Cap. Held by ETFs: 
15.58%
 

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Strong Buy (3.67 out of 4)
66th percentile
(ranked higher than approx. 66% of all stocks covered)

Analysts' Target Price:
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