Steel Dynamics, Inc. (NASDAQ:STLD – Get Free Report) shares hit a new 52-week high during trading on Tuesday following a stronger than expected earnings report. Get Steel Dynamics alerts:Steel Dynamics Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Steel Dynamics Stock PerformanceThe firm’s 50 day moving average price is $170.88 and its two-hundred day moving average price is $149.84. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products. Featured StoriesReceive News & Ratings for Steel Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steel Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.