This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Steel Dynamics Inc. slipped 5.2% to $219.00 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.9% to 7,641.16 and Dow Jones Industrial Average falling 1.3% to 52,759.21.
This was the stock's third consecutive day of losses.
Steel Dynamics Inc. closed 24.2% below its 52-week high of $288.74, which the company reached on June 15th.
The stock underperformed when compared to some of its peers, as Nucor Corp. fell 3.3% to $240.48, Cleveland-Cliffs Inc. fell 3.8% to $10.74, and Reliance Inc. fell 4.76% to $380.31.
Trading volume totaled 2.3 million, compared to the 50-day average of 1.2 million.
Data source: Dow Jones Market Data, FactSet