STLD
StockSteel Dynamics, Inc.
One email when a drop — in price or in valuation — is historically rare for STLD. Otherwise we stay quiet.
Bigger than its usual dip. Not yet rare.
Steel Dynamics, Inc. is 19.1% off its high — deeper than its 7.9% average pullback, but it has been through 135 drawdowns before. Not historically significant yet — we'll say so if that changes.
But down is not the same as cheap: Steel Dynamics, Inc.'s P/S Severity Score is 0.0 — its valuation sits in or above its typical range.
Elevated
Current Drawdown
-19.1%
Days in Drawdown
56
Avg Max Drawdown
7.9%
Avg Length
78
Drawdown Severity Score™
3.3
STLD - Price & High Water Mark
STLD - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of August 21, 2026 · updated daily
Where today's valuation sits within STLD's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
Steel Dynamics, Inc. has been cheaper on this measure only about 98% of the time in 20 years of daily history.
Price to Sales history
EV to EBITDA
Steel Dynamics, Inc. has been cheaper on this measure only about 86% of the time in 20 years of daily history.
EV to EBITDA history · log scale
Steel Dynamics, Inc. (STLD) Analysis: Current Drawdown Insights
Steel Dynamics, Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-08-21, the stock is trading at $228.68, which represents a 19.1% decline from its all-time high of $282.76. This drawdown has persisted for 56 days.
Based on its full tracked price history, Steel Dynamics, Inc. typically experiences drawdowns averaging 7.9% in depth, with an average duration of 78 days. Steel Dynamics, Inc. has gone through 135 total drawdown events in its tracked history. The largest drawdown on record for Steel Dynamics, Inc. was 87.0%, beginning in 2008. The longest drawdown duration on record was 3070 days.
The Drawdown Severity Score™ for Steel Dynamics, Inc. currently stands at 3.26. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Steel Dynamics, Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 135 tracked pullbacks (62 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-06-26 | Ongoing | 56 days | -19.1% | $282.76 | $228.68 | n/a |
| 2026-06-05 | 2026-06-11 | 7 days | -3.5% | $276.85 | $267.20 | $279.55 |
| 2026-05-29 | 2026-06-01 | 4 days | -0.2% | $260.75 | $260.15 | $261.59 |
| 2026-05-07 | 2026-05-26 | 20 days | -7.6% | $241.85 | $223.37 | $250.49 |
| 2026-04-23 | 2026-04-30 | 8 days | -1.4% | $227.46 | $224.37 | $228.66 |
| 2026-02-12 | 2026-04-20 | 67 days | -20.3% | $205.78 | $163.95 | $209.35 |
| 2026-02-10 | 2026-02-11 | 1 day | -0.8% | $202.75 | $201.12 | $205.78 |
| 2026-02-05 | 2026-02-06 | 2 days | -2.9% | $198.88 | $193.02 | $202.39 |
| 2026-01-30 | 2026-02-02 | 3 days | -1.3% | $181.97 | $179.57 | $186.55 |
| 2026-01-26 | 2026-01-29 | 3 days | -4.4% | $181.32 | $173.32 | $181.97 |
| 2026-01-22 | 2026-01-23 | 2 days | -0.6% | $179.83 | $178.81 | $181.32 |
| 2025-12-24 | 2026-01-21 | 29 days | -5.3% | $177.20 | $167.83 | $179.83 |
| 2025-12-19 | 2025-12-22 | 4 days | -0.2% | $174.58 | $174.28 | $175.76 |
| 2025-12-12 | 2025-12-18 | 7 days | -2.5% | $173.01 | $168.72 | $174.58 |
| 2025-12-04 | 2025-12-11 | 8 days | -3.7% | $171.50 | $165.22 | $173.01 |
| 2025-12-01 | 2025-12-03 | 3 days | -0.1% | $167.83 | $167.62 | $171.50 |
| 2025-10-30 | 2025-11-25 | 27 days | -7.2% | $163.47 | $151.62 | $164.25 |
| 2025-10-22 | 2025-10-27 | 6 days | -3.4% | $153.82 | $148.56 | $158.02 |
| 2024-11-07 | 2025-10-21 | 348 days | -28.7% | $151.94 | $108.40 | $153.82 |
| 2024-04-02 | 2024-11-06 | 219 days | -27.3% | $145.89 | $106.05 | $151.94 |
| 2023-03-06 | 2024-03-15 | 375 days | -32.2% | $130.54 | $88.51 | $134.36 |
| 2023-02-06 | 2023-03-01 | 24 days | -7.6% | $122.98 | $113.69 | $123.88 |
| 2023-01-27 | 2023-02-01 | 6 days | -2.1% | $116.52 | $114.11 | $120.24 |
| 2023-01-17 | 2023-01-26 | 10 days | -3.8% | $107.00 | $102.98 | $116.52 |
| 2022-12-14 | 2023-01-12 | 30 days | -13.5% | $105.54 | $91.31 | $105.89 |
| 2022-12-09 | 2022-12-13 | 5 days | -1.5% | $105.22 | $103.66 | $105.54 |
| 2022-12-05 | 2022-12-08 | 4 days | -2.6% | $104.75 | $102.06 | $105.22 |
| 2022-11-23 | 2022-12-02 | 10 days | -3.6% | $101.78 | $98.14 | $104.75 |
| 2022-11-18 | 2022-11-21 | 4 days | -0.4% | $96.58 | $96.23 | $98.51 |
| 2022-11-16 | 2022-11-17 | 2 days | -1.2% | $96.08 | $94.95 | $96.58 |
| 2022-10-27 | 2022-11-14 | 19 days | -6.6% | $93.74 | $87.54 | $96.00 |
| 2022-04-22 | 2022-10-21 | 183 days | -30.6% | $88.29 | $61.30 | $88.85 |
| 2022-04-20 | 2022-04-21 | 2 days | -0.5% | $87.10 | $86.63 | $88.29 |
| 2022-03-28 | 2022-04-18 | 22 days | -7.8% | $84.40 | $77.81 | $85.70 |
| 2022-03-22 | 2022-03-23 | 2 days | -1.2% | $80.33 | $79.41 | $80.60 |
| 2022-03-07 | 2022-03-17 | 10 days | -9.6% | $72.98 | $65.99 | $76.45 |
| 2021-08-16 | 2022-03-02 | 199 days | -27.7% | $68.38 | $49.46 | $70.95 |
| 2021-06-09 | 2021-08-10 | 63 days | -13.1% | $61.92 | $53.84 | $63.86 |
| 2021-06-07 | 2021-06-08 | 2 days | -1.0% | $60.39 | $59.76 | $61.92 |
| 2021-05-18 | 2021-06-04 | 18 days | -6.8% | $60.09 | $56.03 | $60.39 |
| 2021-05-12 | 2021-05-17 | 6 days | -5.4% | $59.90 | $56.65 | $60.09 |
| 2021-04-30 | 2021-05-03 | 4 days | -1.9% | $51.47 | $50.48 | $52.79 |
| 2021-04-13 | 2021-04-23 | 11 days | -3.3% | $48.26 | $46.66 | $48.31 |
| 2021-04-06 | 2021-04-12 | 7 days | -2.0% | $48.25 | $47.28 | $48.26 |
| 2021-03-31 | 2021-04-05 | 6 days | -1.0% | $47.74 | $47.26 | $48.25 |
| 2021-03-29 | 2021-03-30 | 2 days | -1.3% | $46.63 | $46.05 | $47.74 |
| 2021-03-15 | 2021-03-26 | 12 days | -8.9% | $45.56 | $41.49 | $46.63 |
| 2021-03-11 | 2021-03-12 | 2 days | -0.2% | $45.19 | $45.11 | $45.56 |
| 2021-03-09 | 2021-03-10 | 2 days | -1.4% | $44.52 | $43.89 | $45.19 |
| 2018-05-18 | 2021-03-08 | 1026 days | -68.5% | $43.83 | $13.83 | $44.52 |
| 2018-02-20 | 2018-05-15 | 84 days | -14.3% | $41.96 | $35.95 | $42.19 |
| 2016-12-08 | 2017-10-20 | 316 days | -15.6% | $32.46 | $27.40 | $32.92 |
| 2008-06-20 | 2016-11-14 | 3070 days | -87.0% | $27.21 | $3.52 | $27.58 |
| 2007-12-31 | 2008-02-22 | 54 days | -23.9% | $20.19 | $15.38 | $20.43 |
| 2007-10-29 | 2007-12-07 | 40 days | -14.6% | $18.26 | $15.59 | $18.45 |
| 2007-05-22 | 2007-10-18 | 150 days | -25.5% | $16.13 | $12.03 | $16.84 |
| 2006-05-11 | 2006-12-04 | 208 days | -31.2% | $11.19 | $7.70 | $11.30 |
| 2005-02-28 | 2006-01-31 | 338 days | -44.0% | $7.30 | $4.09 | $7.52 |
| 2004-10-07 | 2005-02-18 | 135 days | -29.2% | $6.69 | $4.73 | $6.80 |
| 2004-04-13 | 2004-06-23 | 72 days | -24.9% | $4.43 | $3.32 | $4.52 |
| 1997-09-17 | 2004-04-12 | 2400 days | -69.1% | $4.43 | $1.37 | $4.43 |
| 1997-07-14 | 1997-09-08 | 57 days | -14.8% | $4.43 | $3.77 | $4.43 |
| 1997-01-22 | 1997-06-27 | 156 days | -31.0% | $3.91 | $2.70 | $4.01 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
Steel Dynamics, Inc. (STLD) is trading at $228.68 as of Aug 21, 2026. It is 19.1% below its high of $282.76. The drawdown has lasted 56 days. Severity score: 3.3 (Elevated).
STLD Price History and Drawdown Data
Latest price
$228.68
High-water mark
$282.76
Current drawdown
-19.1%
Days in drawdown
56
This STLD page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Steel Dynamics, Inc. drawdowns.
What History Says About STLD
Steel Dynamics, Inc. has dropped 30%+ from its high 8 times in its tracked history. These events lasted an average of 970 days with an average max drop of -49.2%.
The current drawdown of -19.1% has lasted 56 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jun 2008 to Nov 2016 | -87.0% | 3070 days |
| Sep 1997 to Apr 2004 | -69.1% | 2400 days |
| May 2018 to Mar 2021 | -68.5% | 1026 days |
| Feb 2005 to Jan 2006 | -44.0% | 338 days |
| Mar 2023 to Mar 2024 | -32.2% | 375 days |
| May 2006 to Dec 2006 | -31.2% | 208 days |
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