On Thursday, Shares of Steel Dynamics, Inc. (NASDAQ:STLD), added 3.19% and closed at $32.35 in the last trading session. The last trading range of the stock ranges between $31.31 and $32.94. Steel Dynamics, Inc., together with its auxiliaries, manufactures and sells steel products; processes and sells recycled ferrous and nonferrous metals; and fabricates and sells steel joist and deck products in the United States and internationally. The company operates through Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations segments. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; angles, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections. This segment offers its products for automotive, construction, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, administration, marketing, brokerage, and consulting services related to the scrap industry. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel decks mainly for the non-residential construction industry.
Boeing Co (NYSE:BA), jumped 1.79% and closed at $147.69 in the last trading session. The last trading range of the stock ranges between $146.39 and $149.34. The company’s Market capitalization is $93.00 Billion with the total Outstanding Shares of 617.17 million. Boeing [NYSE: BA] and Donghai Airlines declared recently the finalization of an order for five 787-9 Dreamliners, valued at $1.32 billion at current list prices.
Shenzhen-based Donghai Airlines declared its intent to order 25 737 MAX 8s and five 787-9 Dreamliners in July at the Farnborough International Airshow. Recently’s 787-9 order comes just weeks after the carrier finalized its 737 MAX 8 order last month.
“Donghai Airlines has undergone steady development over the past 10 years since the starting of our freighter operations in 2006,” said Wong Cho-Bau, Chairman, Donghai Airlines. “Under China’s One Belt One Road program, we will accelerate our fleet expansion plan to satisfy the rapidly growing air travel market and assist build our home base Shenzhen as the transportation hub in southern China. Introducing these new next-generation airplanes that deliver the industry-leading fuel efficiency and passenger comfort in their segment market will be a key effort for us to fulfill the plan.”