Steel Dynamics reinstated Buy at Goldman Sachs as aluminum business ramp-up undervalued

Goldman Sachs has reinstated its Buy rating for Steel Dynamics (STLD), setting a price target of $300. The investment bank believes the company's focus on margin-accretive growth investments, particularly its undervalued ramp-up in the aluminum business, will help it reduce through-cycle volatility. Despite this positive rating, Steel Dynamics' stock saw a 2.4% dip in Wednesday's trading.