Seasonality
STLD seasonality — Steel Dynamics
Over the last 11 years, STLD's strongest month on average has been October (+8.1%) and its weakest December (-2.3%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +3.63% | +3.73% | 60% | +23.5% | -12.2% | 10 |
| Feb | +7.80% | +6.46% | 90% | +27.1% | -10.9% | 10 |
| Mar | -0.38% | -5.26% | 30% | +22.1% | -15.4% | 10 |
| Apr | +2.29% | +3.24% | 70% | +27.0% | -12.2% | 10 |
| May | +0.78% | +1.23% | 50% | +15.1% | -20.6% | 10 |
| Jun | -0.29% | -2.52% | 40% | +20.1% | -22.5% | 10 |
| Jul | +4.65% | +3.61% | 70% | +17.7% | -2.2% | 10 |
| Aug | -1.89% | -1.35% | 50% | +7.7% | -14.3% | 10 |
| Sep | -1.14% | -0.56% | 50% | +10.4% | -13.3% | 10 |
| Oct | +8.14% | +8.95% | 80% | +32.6% | -12.4% | 10 |
| Nov | +5.52% | +10.51% | 78% | +15.0% | -11.1% | 9 |
| Dec | -2.32% | +0.60% | 60% | +12.0% | -21.5% | 10 |
Monthly returns heat map — STLD
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.0 | 7.5 | -6.8 | 27.0 | 13.8 | -11.8 | 9.5 | -7.4 | -4.7 | 13.2 | -11.1 | +31.5% | |
| 2025 | 12.4 | 5.4 | -7.4 | 3.7 | -5.1 | 4.0 | -0.3 | 2.6 | 6.5 | 12.5 | 7.0 | 1.0 | +48.5% |
| 2024 | 2.2 | 10.9 | 10.8 | -12.2 | 2.9 | -3.3 | 2.9 | -10.3 | 5.5 | 3.5 | 11.3 | -21.5 | -3.4% |
| 2023 | 23.5 | 4.5 | -10.3 | -8.1 | -11.6 | 18.5 | -2.2 | 0.0 | 0.6 | -0.7 | 11.8 | -0.9 | +20.9% |
| 2022 | -10.6 | 27.1 | 18.2 | 2.8 | -0.4 | -22.5 | 17.7 | 3.6 | -12.1 | 32.6 | 10.5 | -6.0 | +57.4% |
| 2021 | -7.0 | 21.3 | 22.1 | 6.8 | 15.1 | -4.5 | 8.1 | 4.7 | -13.3 | 13.0 | -9.5 | 3.8 | +68.3% |
| 2020 | -12.2 | -10.9 | -15.4 | 7.7 | 9.4 | -1.8 | 5.1 | 7.7 | -3.0 | 9.9 | 15.0 | 1.8 | +8.3% |
| 2019 | 21.8 | 2.0 | -5.5 | -10.2 | -20.6 | 20.1 | 4.3 | -14.3 | 10.4 | 1.9 | 11.1 | 0.9 | +13.3% |
| 2018 | 5.3 | 1.9 | -4.4 | 1.3 | 10.3 | -7.0 | 2.5 | -2.9 | -1.2 | -12.4 | -11.1 | -14.7 | -30.4% |
| 2017 | -5.0 | 8.2 | -5.0 | 4.0 | -6.0 | 5.3 | -1.1 | -2.7 | 0.1 | 8.0 | 3.5 | 12.0 | +21.2% |
| 2016 | 0.3 |