Steel Dynamics Inc. drawdown: 15.2% below the all-time high
Steel Dynamics Inc. is 15.2% below its all-time high, set Jun 12, 2026 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −15.2%
- 84.8% of ATH
- All-time high
- $282.76
- Jun 12, 2026
- Time below the high
- 3 mo
- since Jun 12, 2026
- Worst-ever drawdown
- −87.1%
- Nov 20, 2008
- Longest underwater
- 9.5 yrs
- between all-time highs
- Today's level first reached
- May 6, 2026
- 4 mo ago
- Last time this deep
- Mar 30, 2026
- in a previous episode
% of all-time high since 1996#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jun 19, 2008 | Nov 20, 2008 | −87.1% | 5 mo | Dec 8, 2017 | 9.5 yrs |
| May 17, 2018 | Mar 18, 2020 | −69.8% | 1.8 yrs | Apr 5, 2021 | 2.9 yrs |
| Sep 16, 1997 | Oct 16, 2000 | −69.1% | 3.1 yrs | Apr 12, 2004 | 6.6 yrs |
| Feb 25, 2005 | Jun 27, 2005 | −44.1% | 4 mo | Jan 31, 2006 | 11 mo |
| Mar 3, 2023 | May 31, 2023 | −32.5% | 3 mo | Mar 15, 2024 | 12 mo |
| May 10, 2006 | Sep 25, 2006 | −31.4% | 5 mo | Dec 4, 2006 | 7 mo |
| Jan 21, 1997 | Apr 3, 1997 | −31.0% | 2 mo | Jun 27, 1997 | 5 mo |
| Apr 21, 2022 | Jul 6, 2022 | −30.9% | 2 mo | Oct 24, 2022 | 6 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1996: how far Steel Dynamics Inc. stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Steel Dynamics Inc. from its all-time high?
- Steel Dynamics Inc. is currently 15.2% below its all-time high, set Jun 12, 2026 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Steel Dynamics Inc. drawdown ever?
- The deepest decline on record in our data (since 1996) took Steel Dynamics Inc. 87.1% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from STLD; no free deep history exists for Steel Dynamics Inc. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.