Arcelor Mittal NY Registry Shares NEW vs Steel Dynamics Inc.
WatchlistMT / STLDPrices through Oct 22, 2026
Why these are rivals: #2 and #3 by market value ($48B vs $35B) in Nasdaq's "Steel/Iron Ore" industry; SEC SIC 3312 / 3312 (same major group); #2 and #3 by market value ($48B vs $35B) with SEC SIC 3312 (Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Co-movement: daily return correlation, 252 sessions: 0.52 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -2.23 (needs <= -2.873 (5% critical value))
Business leadership
Business size
Annual revenue reported to the SEC. Scale, not market share.
| Year | MT | STLD | Larger |
|---|---|---|---|
| 2025 | - | $18.2B | - |
| 2024 | - | $17.5B | - |
| 2023 | - | $18.8B | - |
| 2022 | - | $22.3B | - |
| 2021 | - | $18.4B | - |
| 2020 | - | $9.6B | - |
Market value: MT $47.7B, STLD $35.1B.
Stock leadership
STLD is ahead now
Measured against the pair's own last 252 trading days.
STLD leads MT by 1.23 standard deviations: +11.7% over its usual price ratio. 5 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| MT | -10.0% | +1.1% | +58.0% |
| STLD | -2.9% | +6.6% | +56.0% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.52 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.23 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 17.41 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
MT Arcelor Mittal NY Registry Shares NEW STLD Steel Dynamics Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: MT relative to STLD, against the 252 sessions before each day. Above 0: MT ahead; below 0: STLD ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | MT index | STLD index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 247.35 | 175.66 | -1.23 | STLD ahead |
| 2026-10-21 | 260.87 | 181.57 | -1.01 | STLD ahead |
| 2026-10-20 | 259.68 | 178.93 | -0.90 | STLD ahead |
| 2026-10-19 | 257.46 | 179.52 | -1.04 | STLD ahead |
| 2026-10-16 | 259.15 | 176.13 | -0.75 | STLD ahead |
| 2026-10-15 | 261.41 | 176.29 | -0.66 | STLD ahead |
| 2026-10-14 | 256.84 | 177.87 | -0.96 | STLD ahead |
| 2026-10-13 | 260.87 | 176.20 | -0.68 | STLD ahead |
| 2026-10-12 | 258.73 | 175.10 | -0.71 | STLD ahead |
| 2026-10-09 | 263.50 | 174.55 | -0.47 | near the usual relationship |
| 2026-10-08 | 251.95 | 171.47 | -0.77 | STLD ahead |
| 2026-10-07 | 256.14 | 171.41 | -0.59 | STLD ahead |
| 2026-10-06 | 267.94 | 174.39 | -0.28 | near the usual relationship |
| 2026-10-05 | 266.05 | 176.50 | -0.49 | near the usual relationship |
| 2026-10-02 | 265.15 | 169.87 | -0.10 | near the usual relationship |
| 2026-10-01 | 265.35 | 165.61 | +0.20 | near the usual relationship |
| 2026-09-30 | 274.31 | 162.27 | +0.80 | MT ahead |
| 2026-09-29 | 279.33 | 162.48 | +0.99 | MT ahead |
| 2026-09-28 | 287.09 | 168.70 | +0.89 | MT ahead |
| 2026-09-25 | 290.59 | 171.09 | +0.87 | MT ahead |
| 2026-09-24 | 293.05 | 172.22 | +0.90 | MT ahead |
| 2026-09-23 | 295.60 | 171.55 | +1.05 | MT ahead |
| 2026-09-22 | 303.25 | 171.33 | +1.36 | MT ahead |
| 2026-09-21 | 298.15 | 168.40 | +1.37 | MT ahead |
| 2026-09-18 | 298.11 | 172.26 | +1.13 | MT ahead |
| 2026-09-17 | 309.00 | 179.65 | +1.07 | MT ahead |
| 2026-09-16 | 300.95 | 174.44 | +1.11 | MT ahead |
| 2026-09-15 | 301.27 | 175.16 | +1.08 | MT ahead |
| 2026-09-14 | 299.18 | 171.73 | +1.24 | MT ahead |
| 2026-09-11 | 306.25 | 175.58 | +1.26 | MT ahead |
| 2026-09-10 | 308.51 | 173.60 | +1.48 | MT ahead |
| 2026-09-09 | 316.69 | 176.24 | +1.62 | MT ahead |
| 2026-09-08 | 317.10 | 175.96 | +1.67 | MT ahead |
| 2026-09-04 | 323.63 | 177.24 | +1.84 | MT ahead |
| 2026-09-03 | 312.66 | 180.15 | +1.27 | MT ahead |
| 2026-09-02 | 308.80 | 181.33 | +1.07 | MT ahead |
| 2026-09-01 | 301.32 | 171.41 | +1.44 | MT ahead |
| 2026-08-31 | 306.62 | 170.33 | +1.73 | MT ahead |
| 2026-08-28 | 305.75 | 171.83 | +1.61 | MT ahead |
| 2026-08-27 | 306.74 | 172.69 | +1.61 | MT ahead |
| 2026-08-26 | 306.33 | 172.73 | +1.60 | MT ahead |
| 2026-08-25 | 302.59 | 169.20 | +1.72 | MT ahead |
| 2026-08-24 | 298.56 | 167.88 | +1.67 | MT ahead |
| 2026-08-21 | 296.75 | 167.45 | +1.65 | MT ahead |
| 2026-08-20 | 292.27 | 160.36 | +2.00 | MT ahead |
| 2026-08-19 | 306.58 | 169.15 | +1.96 | MT ahead |
| 2026-08-18 | 295.93 | 182.92 | +0.60 | MT ahead |
| 2026-08-17 | 303.33 | 189.03 | +0.51 | MT ahead |
| 2026-08-14 | 303.58 | 187.28 | +0.63 | MT ahead |
| 2026-08-13 | 300.90 | 190.77 | +0.31 | near the usual relationship |
| 2026-08-12 | 304.89 | 192.71 | +0.35 | near the usual relationship |
| 2026-08-11 | 302.96 | 193.08 | +0.25 | near the usual relationship |
| 2026-08-10 | 303.74 | 196.68 | +0.06 | near the usual relationship |
| 2026-08-07 | 301.23 | 192.17 | +0.24 | near the usual relationship |
| 2026-08-06 | 300.95 | 191.46 | +0.28 | near the usual relationship |
| 2026-08-05 | 309.70 | 194.74 | +0.43 | near the usual relationship |
| 2026-08-04 | 309.12 | 194.11 | +0.45 | near the usual relationship |
| 2026-08-03 | 295.23 | 189.19 | +0.21 | near the usual relationship |
| 2026-07-31 | 288.29 | 183.98 | +0.26 | near the usual relationship |
| 2026-07-30 | 285.00 | 184.89 | +0.07 | near the usual relationship |
| 2026-07-29 | 270.04 | 184.77 | -0.56 | STLD ahead |
| 2026-07-28 | 276.61 | 190.19 | -0.61 | STLD ahead |
| 2026-07-27 | 277.56 | 183.25 | -0.13 | near the usual relationship |
| 2026-07-24 | 274.89 | 180.94 | -0.10 | near the usual relationship |
| 2026-07-23 | 271.76 | 176.15 | +0.09 | near the usual relationship |
| 2026-07-22 | 273.28 | 174.74 | +0.25 | near the usual relationship |
| 2026-07-21 | 270.45 | 170.99 | +0.39 | near the usual relationship |
| 2026-07-20 | 270.65 | 168.77 | +0.56 | MT ahead |
| 2026-07-17 | 273.12 | 172.45 | +0.42 | near the usual relationship |
| 2026-07-16 | 268.72 | 172.06 | +0.26 | near the usual relationship |
| 2026-07-15 | 277.97 | 172.48 | +0.63 | MT ahead |
| 2026-07-14 | 275.34 | 170.86 | +0.63 | MT ahead |
| 2026-07-13 | 270.94 | 171.44 | +0.41 | near the usual relationship |
| 2026-07-10 | 271.60 | 167.25 | +0.74 | MT ahead |
| 2026-07-09 | 258.78 | 162.60 | +0.51 | MT ahead |
| 2026-07-08 | 259.80 | 167.50 | +0.21 | near the usual relationship |
| 2026-07-07 | 259.56 | 168.13 | +0.16 | near the usual relationship |
| 2026-07-06 | 268.60 | 166.27 | +0.69 | MT ahead |
| 2026-07-02 | 260.58 | 161.38 | +0.69 | MT ahead |
| 2026-07-01 | 243.57 | 162.38 | -0.15 | near the usual relationship |
| 2026-06-30 | 247.51 | 168.02 | -0.35 | near the usual relationship |
| 2026-06-29 | 245.29 | 171.50 | -0.69 | STLD ahead |
| 2026-06-26 | 246.12 | 179.75 | -1.18 | STLD ahead |
| 2026-06-25 | 254.09 | 183.79 | -1.07 | STLD ahead |
| 2026-06-24 | 252.65 | 176.78 | -0.69 | STLD ahead |
| 2026-06-23 | 260.17 | 178.44 | -0.45 | near the usual relationship |
| 2026-06-22 | 262.02 | 183.77 | -0.70 | STLD ahead |
| 2026-06-18 | 260.62 | 182.99 | -0.71 | STLD ahead |
| 2026-06-17 | 267.28 | 197.80 | -1.29 | STLD ahead |
| 2026-06-16 | 281.05 | 200.84 | -0.89 | STLD ahead |
| 2026-06-15 | 284.46 | 199.30 | -0.66 | STLD ahead |
| 2026-06-12 | 291.04 | 207.04 | -0.83 | STLD ahead |
| 2026-06-11 | 283.97 | 204.69 | -0.96 | STLD ahead |
| 2026-06-10 | 262.27 | 196.49 | -1.38 | STLD ahead |
| 2026-06-09 | 272.54 | 197.55 | -1.01 | STLD ahead |
| 2026-06-08 | 276.12 | 195.65 | -0.76 | STLD ahead |
| 2026-06-05 | 276.24 | 196.60 | -0.79 | STLD ahead |
| 2026-06-04 | 294.49 | 202.72 | -0.42 | near the usual relationship |
| 2026-06-03 | 293.42 | 201.46 | -0.39 | near the usual relationship |
| 2026-06-02 | 294.25 | 198.73 | -0.21 | near the usual relationship |
| 2026-06-01 | 288.49 | 191.54 | -0.03 | near the usual relationship |
| 2026-05-29 | 285.29 | 190.49 | -0.08 | near the usual relationship |
| 2026-05-28 | 285.74 | 190.93 | -0.09 | near the usual relationship |
| 2026-05-27 | 281.96 | 189.08 | -0.12 | near the usual relationship |
| 2026-05-26 | 281.96 | 183.42 | +0.21 | near the usual relationship |
| 2026-05-22 | 271.60 | 175.76 | +0.27 | near the usual relationship |
| 2026-05-21 | 263.50 | 169.76 | +0.32 | near the usual relationship |
| 2026-05-20 | 259.60 | 167.17 | +0.33 | near the usual relationship |
| 2026-05-19 | 243.20 | 163.56 | -0.11 | near the usual relationship |
| 2026-05-18 | 254.30 | 167.37 | +0.12 | near the usual relationship |
| 2026-05-15 | 247.23 | 167.93 | -0.20 | near the usual relationship |
| 2026-05-14 | 262.15 | 171.84 | +0.17 | near the usual relationship |
| 2026-05-13 | 264.98 | 173.60 | +0.18 | near the usual relationship |
| 2026-05-12 | 254.83 | 170.46 | -0.03 | near the usual relationship |
| 2026-05-11 | 256.23 | 172.78 | -0.10 | near the usual relationship |
| 2026-05-08 | 254.99 | 172.15 | -0.11 | near the usual relationship |
| 2026-05-07 | 251.29 | 170.55 | -0.15 | near the usual relationship |
| 2026-05-06 | 259.31 | 177.09 | -0.21 | near the usual relationship |
| 2026-05-05 | 239.13 | 173.87 | -0.82 | STLD ahead |
| 2026-05-04 | 227.66 | 168.28 | -0.98 | STLD ahead |
| 2026-05-01 | 233.66 | 167.88 | -0.69 | STLD ahead |
| 2026-04-30 | 235.14 | 167.43 | -0.60 | STLD ahead |
| 2026-04-29 | 229.84 | 164.29 | -0.63 | STLD ahead |
| 2026-04-28 | 237.98 | 166.19 | -0.40 | near the usual relationship |
| 2026-04-27 | 242.62 | 164.78 | -0.13 | near the usual relationship |
| 2026-04-24 | 245.42 | 166.06 | -0.09 | near the usual relationship |
| 2026-04-23 | 244.72 | 164.79 | -0.04 | near the usual relationship |
| 2026-04-22 | 250.88 | 166.55 | +0.10 | near the usual relationship |
| 2026-04-21 | 250.47 | 161.24 | +0.40 | near the usual relationship |
| 2026-04-20 | 256.51 | 153.29 | +1.12 | MT ahead |
| 2026-04-17 | 255.08 | 146.68 | +1.50 | MT ahead |
| 2026-04-16 | 245.70 | 143.33 | +1.37 | MT ahead |
| 2026-04-15 | 253.06 | 142.13 | +1.75 | MT ahead |
| 2026-04-14 | 255.03 | 143.00 | +1.78 | MT ahead |
| 2026-04-13 | 251.71 | 143.13 | +1.66 | MT ahead |
| 2026-04-10 | 249.24 | 139.54 | +1.82 | MT ahead |
| 2026-04-09 | 246.16 | 139.12 | +1.74 | MT ahead |
| 2026-04-08 | 246.77 | 137.34 | +1.91 | MT ahead |
| 2026-04-07 | 221.13 | 129.74 | +1.42 | MT ahead |
| 2026-04-06 | 219.24 | 129.26 | +1.38 | MT ahead |
| 2026-04-02 | 217.51 | 131.95 | +1.12 | MT ahead |
| 2026-04-01 | 222.07 | 133.89 | +1.19 | MT ahead |
| 2026-03-31 | 213.65 | 131.80 | +0.97 | MT ahead |
| 2026-03-30 | 199.30 | 125.78 | +0.76 | MT ahead |
| 2026-03-27 | 203.95 | 125.19 | +1.04 | MT ahead |
| 2026-03-26 | 209.66 | 127.71 | +1.12 | MT ahead |
| 2026-03-25 | 217.34 | 127.02 | +1.53 | MT ahead |
| 2026-03-24 | 215.21 | 124.26 | +1.66 | MT ahead |
| 2026-03-23 | 212.29 | 122.02 | +1.72 | MT ahead |
| 2026-03-20 | 196.30 | 120.05 | +1.13 | MT ahead |
| 2026-03-19 | 205.43 | 122.69 | +1.37 | MT ahead |
| 2026-03-18 | 211.30 | 123.56 | +1.59 | MT ahead |
| 2026-03-17 | 214.39 | 126.40 | +1.52 | MT ahead |
| 2026-03-16 | 211.84 | 127.61 | +1.32 | MT ahead |
| 2026-03-13 | 208.55 | 124.92 | +1.39 | MT ahead |
| 2026-03-12 | 220.30 | 128.21 | +1.69 | MT ahead |
| 2026-03-11 | 232.80 | 134.92 | +1.75 | MT ahead |
| 2026-03-10 | 233.33 | 133.40 | +1.91 | MT ahead |
| 2026-03-09 | 229.47 | 133.53 | +1.74 | MT ahead |
| 2026-03-06 | 227.70 | 132.98 | +1.72 | MT ahead |
| 2026-03-05 | 236.09 | 139.11 | +1.65 | MT ahead |
| 2026-03-04 | 251.38 | 141.99 | +2.10 | MT ahead |
| 2026-03-03 | 246.90 | 144.58 | +1.74 | MT ahead |
| 2026-03-02 | 265.10 | 147.55 | +2.29 | MT ahead |
| 2026-02-27 | 267.82 | 141.41 | +2.88 | MT ahead |
| 2026-02-26 | 270.74 | 140.97 | +3.07 | MT ahead |
| 2026-02-25 | 275.87 | 140.24 | +3.39 | MT ahead |
| 2026-02-24 | 267.94 | 139.76 | +3.17 | MT ahead |
| 2026-02-23 | 274.68 | 143.52 | +3.21 | MT ahead |
| 2026-02-20 | 267.98 | 141.61 | +3.14 | MT ahead |
| 2026-02-19 | 264.90 | 139.55 | +3.23 | MT ahead |
| 2026-02-18 | 267.65 | 141.13 | +3.28 | MT ahead |
| 2026-02-17 | 264.08 | 140.53 | +3.24 | MT ahead |
| 2026-02-13 | 252.82 | 140.35 | +2.80 | MT ahead |
| 2026-02-12 | 253.14 | 146.09 | +2.37 | MT ahead |
| 2026-02-11 | 273.94 | 150.68 | +2.97 | MT ahead |
| 2026-02-10 | 259.31 | 147.27 | +2.64 | MT ahead |
| 2026-02-09 | 255.16 | 148.46 | +2.39 | MT ahead |
| 2026-02-06 | 251.95 | 148.20 | +2.27 | MT ahead |
| 2026-02-05 | 235.27 | 141.33 | +2.03 | MT ahead |
| 2026-02-04 | 230.09 | 145.62 | +1.41 | MT ahead |
| 2026-02-03 | 232.92 | 141.28 | +1.90 | MT ahead |
| 2026-02-02 | 232.26 | 136.60 | +2.26 | MT ahead |
| 2026-01-30 | 221.82 | 131.49 | +2.18 | MT ahead |
| 2026-01-29 | 229.31 | 133.24 | +2.41 | MT ahead |
| 2026-01-28 | 230.33 | 127.69 | +2.99 | MT ahead |
| 2026-01-27 | 227.99 | 128.62 | +2.83 | MT ahead |
| 2026-01-26 | 220.39 | 126.91 | +2.61 | MT ahead |
| 2026-01-23 | 223.18 | 132.77 | +2.25 | MT ahead |
| 2026-01-22 | 219.56 | 130.93 | +2.23 | MT ahead |
| 2026-01-21 | 210.60 | 131.68 | +1.69 | MT ahead |
| 2026-01-20 | 200.70 | 125.80 | +1.66 | MT ahead |
| 2026-01-16 | 200.29 | 127.10 | +1.52 | MT ahead |
| 2026-01-15 | 198.97 | 128.22 | +1.35 | MT ahead |
| 2026-01-14 | 201.56 | 125.06 | +1.75 | MT ahead |
| 2026-01-13 | 197.62 | 124.36 | +1.61 | MT ahead |
| 2026-01-12 | 196.67 | 124.00 | +1.59 | MT ahead |
| 2026-01-09 | 193.05 | 123.94 | +1.40 | MT ahead |
| 2026-01-08 | 194.45 | 126.06 | +1.31 | MT ahead |
| 2026-01-07 | 196.79 | 122.89 | +1.69 | MT ahead |
| 2026-01-06 | 194.45 | 126.48 | +1.29 | MT ahead |
| 2026-01-05 | 192.03 | 125.82 | +1.23 | MT ahead |
| 2026-01-02 | 194.00 | 128.92 | +1.09 | MT ahead |
| 2025-12-31 | 187.30 | 124.08 | +1.13 | MT ahead |
| 2025-12-30 | 186.97 | 125.23 | +1.03 | MT ahead |
| 2025-12-29 | 187.18 | 126.59 | +0.94 | MT ahead |
| 2025-12-26 | 190.09 | 128.48 | +0.95 | MT ahead |
| 2025-12-24 | 185.70 | 128.42 | +0.74 | MT ahead |
| 2025-12-23 | 185.94 | 129.75 | +0.65 | MT ahead |
| 2025-12-22 | 185.29 | 128.70 | +0.71 | MT ahead |
| 2025-12-19 | 183.52 | 127.61 | +0.70 | MT ahead |
| 2025-12-18 | 184.96 | 127.83 | +0.77 | MT ahead |
| 2025-12-17 | 185.82 | 126.48 | +0.92 | MT ahead |
| 2025-12-16 | 187.92 | 123.84 | +1.23 | MT ahead |
| 2025-12-15 | 189.72 | 123.71 | +1.34 | MT ahead |
| 2025-12-12 | 190.01 | 125.92 | +1.20 | MT ahead |
| 2025-12-11 | 187.05 | 126.68 | +1.00 | MT ahead |
| 2025-12-10 | 184.96 | 125.38 | +0.99 | MT ahead |
| 2025-12-09 | 177.89 | 121.13 | +0.96 | MT ahead |
| 2025-12-08 | 179.08 | 121.65 | +0.98 | MT ahead |
| 2025-12-05 | 173.70 | 120.98 | +0.76 | MT ahead |
| 2025-12-04 | 175.22 | 123.09 | +0.68 | MT ahead |
| 2025-12-03 | 176.82 | 125.58 | +0.59 | MT ahead |
| 2025-12-02 | 179.45 | 122.74 | +0.92 | MT ahead |
| 2025-12-01 | 179.20 | 122.74 | +0.91 | MT ahead |
| 2025-11-28 | 177.23 | 122.89 | +0.81 | MT ahead |
| 2025-11-26 | 177.35 | 122.00 | +0.88 | MT ahead |
| 2025-11-25 | 173.57 | 120.27 | +0.83 | MT ahead |
| 2025-11-24 | 166.95 | 118.03 | +0.67 | MT ahead |
| 2025-11-21 | 163.54 | 115.81 | +0.66 | MT ahead |
| 2025-11-20 | 162.19 | 112.11 | +0.86 | MT ahead |
| 2025-11-19 | 165.89 | 113.83 | +0.93 | MT ahead |
| 2025-11-18 | 161.53 | 113.21 | +0.76 | MT ahead |
| 2025-11-17 | 161.41 | 113.55 | +0.74 | MT ahead |
| 2025-11-14 | 162.23 | 113.80 | +0.77 | MT ahead |
| 2025-11-13 | 164.00 | 113.19 | +0.90 | MT ahead |
| 2025-11-12 | 167.37 | 115.58 | +0.90 | MT ahead |
| 2025-11-11 | 164.16 | 111.58 | +1.03 | MT ahead |
| 2025-11-10 | 162.64 | 111.61 | +0.96 | MT ahead |
| 2025-11-07 | 160.95 | 111.25 | +0.91 | MT ahead |
| 2025-11-06 | 155.61 | 111.97 | +0.61 | MT ahead |
| 2025-11-05 | 153.80 | 112.86 | +0.47 | near the usual relationship |
| 2025-11-04 | 151.71 | 111.02 | +0.50 | MT ahead |
| 2025-11-03 | 156.88 | 114.21 | +0.54 | MT ahead |
| 2025-10-31 | 156.56 | 114.81 | +0.50 | MT ahead |
| 2025-10-30 | 157.34 | 115.82 | +0.47 | near the usual relationship |
| 2025-10-29 | 160.38 | 119.70 | +0.38 | near the usual relationship |
| 2025-10-28 | 163.46 | 117.94 | +0.63 | MT ahead |
| 2025-10-27 | 162.76 | 115.71 | +0.75 | MT ahead |
| 2025-10-24 | 160.79 | 111.99 | +0.90 | MT ahead |
| 2025-10-23 | 159.88 | 110.36 | +0.97 | MT ahead |
| 2025-10-22 | 159.56 | 108.78 | +1.07 | MT ahead |
| 2025-10-21 | 156.60 | 112.63 | +0.69 | MT ahead |
| 2025-10-20 | 159.02 | 107.11 | +1.17 | MT ahead |
| 2025-10-17 | 158.16 | 104.53 | +1.31 | MT ahead |
| 2025-10-16 | 159.39 | 104.45 | +1.38 | MT ahead |
| 2025-10-15 | 157.50 | 106.94 | +1.14 | MT ahead |
| 2025-10-14 | 157.58 | 107.62 | +1.11 | MT ahead |
| 2025-10-13 | 157.62 | 106.57 | +1.19 | MT ahead |
| 2025-10-10 | 152.82 | 103.41 | +1.19 | MT ahead |
| 2025-10-09 | 162.43 | 108.21 | +1.32 | MT ahead |
| 2025-10-08 | 168.23 | 107.31 | +1.64 | MT ahead |
| 2025-10-07 | 158.53 | 104.51 | +1.42 | MT ahead |
| 2025-10-06 | 159.97 | 103.71 | +1.55 | MT ahead |
| 2025-10-03 | 157.87 | 106.24 | +1.30 | MT ahead |
| 2025-10-02 | 156.84 | 105.73 | +1.29 | MT ahead |
| 2025-10-01 | 157.30 | 103.24 | +1.50 | MT ahead |
| 2025-09-30 | 148.58 | 102.09 | +1.18 | MT ahead |
| 2025-09-29 | 150.02 | 101.69 | +1.29 | MT ahead |
| 2025-09-26 | 151.83 | 102.24 | +1.35 | MT ahead |
| 2025-09-25 | 148.75 | 99.65 | +1.40 | MT ahead |
| 2025-09-24 | 147.23 | 99.85 | +1.32 | MT ahead |
| 2025-09-23 | 147.72 | 100.09 | +1.34 | MT ahead |
| 2025-09-22 | 147.18 | 101.83 | +1.19 | MT ahead |
| 2025-09-19 | 145.17 | 101.98 | +1.09 | MT ahead |
| 2025-09-18 | 142.91 | 102.39 | +0.95 | MT ahead |
| 2025-09-17 | 141.39 | 100.21 | +1.04 | MT ahead |
| 2025-09-16 | 142.87 | 102.27 | +0.97 | MT ahead |
| 2025-09-15 | 143.98 | 96.35 | +1.48 | MT ahead |
| 2025-09-12 | 142.83 | 95.67 | +1.49 | MT ahead |
| 2025-09-11 | 144.06 | 98.11 | +1.38 | MT ahead |
| 2025-09-10 | 141.35 | 97.18 | +1.32 | MT ahead |
| 2025-09-09 | 138.80 | 95.40 | +1.33 | MT ahead |
| 2025-09-08 | 140.61 | 98.51 | +1.20 | MT ahead |
| 2025-09-05 | 140.65 | 98.58 | +1.20 | MT ahead |
| 2025-09-04 | 136.58 | 95.82 | +1.21 | MT ahead |
| 2025-09-03 | 134.44 | 94.89 | +1.17 | MT ahead |
| 2025-09-02 | 133.33 | 94.47 | +1.15 | MT ahead |
| 2025-08-29 | 137.11 | 95.86 | +1.26 | MT ahead |
| 2025-08-28 | 136.25 | 96.34 | +1.18 | MT ahead |
| 2025-08-27 | 135.10 | 97.17 | +1.06 | MT ahead |
| 2025-08-26 | 137.24 | 96.46 | +1.25 | MT ahead |
| 2025-08-25 | 139.42 | 97.59 | +1.29 | MT ahead |
| 2025-08-22 | 139.75 | 97.15 | +1.36 | MT ahead |
| 2025-08-21 | 136.58 | 92.08 | +1.61 | MT ahead |
| 2025-08-20 | 139.29 | 91.86 | +1.80 | MT ahead |
| 2025-08-19 | 141.84 | 93.89 | +1.79 | MT ahead |
| 2025-08-18 | 141.47 | 92.19 | +1.93 | MT ahead |
| 2025-08-15 | 138.02 | 92.57 | +1.72 | MT ahead |
| 2025-08-14 | 139.38 | 93.34 | +1.75 | MT ahead |
| 2025-08-13 | 139.66 | 94.63 | +1.68 | MT ahead |
| 2025-08-12 | 137.11 | 91.97 | +1.77 | MT ahead |
| 2025-08-11 | 135.72 | 89.63 | +1.92 | MT ahead |
| 2025-08-08 | 138.10 | 90.08 | +2.04 | MT ahead |
| 2025-08-07 | 133.00 | 89.38 | +1.82 | MT ahead |
| 2025-08-06 | 130.17 | 89.50 | +1.64 | MT ahead |
| 2025-08-05 | 127.58 | 90.45 | +1.41 | MT ahead |
| 2025-08-04 | 124.91 | 88.86 | +1.39 | MT ahead |
| 2025-08-01 | 127.21 | 89.60 | +1.48 | MT ahead |
| 2025-07-31 | 130.00 | 93.40 | +1.33 | MT ahead |
| 2025-07-30 | 133.42 | 93.32 | +1.56 | MT ahead |
| 2025-07-29 | 135.59 | 93.37 | +1.70 | MT ahead |
| 2025-07-28 | 136.00 | 95.35 | +1.57 | MT ahead |
| 2025-07-25 | 138.31 | 95.80 | +1.68 | MT ahead |
| 2025-07-24 | 138.06 | 92.87 | +1.94 | MT ahead |
| 2025-07-23 | 142.95 | 95.72 | +2.00 | MT ahead |
| 2025-07-22 | 140.73 | 96.83 | +1.79 | MT ahead |
| 2025-07-21 | 138.27 | 98.51 | +1.52 | MT ahead |
| 2025-07-18 | 133.46 | 96.38 | +1.42 | MT ahead |
| 2025-07-17 | 133.99 | 96.03 | +1.50 | MT ahead |
| 2025-07-16 | 134.61 | 93.34 | +1.79 | MT ahead |
| 2025-07-15 | 136.21 | 94.35 | +1.81 | MT ahead |
| 2025-07-14 | 139.21 | 97.55 | +1.74 | MT ahead |
| 2025-07-11 | 141.64 | 98.90 | +1.78 | MT ahead |
| 2025-07-10 | 141.43 | 100.59 | +1.65 | MT ahead |
| 2025-07-09 | 137.81 | 99.64 | +1.53 | MT ahead |
| 2025-07-08 | 135.22 | 99.61 | +1.38 | MT ahead |
| 2025-07-07 | 132.84 | 97.74 | +1.40 | MT ahead |
| 2025-07-03 | 134.16 | 97.56 | +1.51 | MT ahead |
| 2025-07-02 | 135.84 | 98.16 | +1.58 | MT ahead |
| 2025-07-01 | 128.32 | 95.30 | +1.36 | MT ahead |
| 2025-06-30 | 129.80 | 93.73 | +1.62 | MT ahead |
| 2025-06-27 | 128.48 | 96.08 | +1.33 | MT ahead |
| 2025-06-26 | 130.09 | 96.29 | +1.43 | MT ahead |
| 2025-06-25 | 127.46 | 94.08 | +1.47 | MT ahead |
| 2025-06-24 | 127.33 | 93.89 | +1.49 | MT ahead |
| 2025-06-23 | 125.57 | 93.31 | +1.44 | MT ahead |
| 2025-06-20 | 123.18 | 92.19 | +1.39 | MT ahead |
| 2025-06-18 | 126.10 | 95.27 | +1.32 | MT ahead |
| 2025-06-17 | 124.37 | 97.50 | +1.01 | MT ahead |
| 2025-06-16 | 127.37 | 96.74 | +1.29 | MT ahead |
| 2025-06-13 | 123.84 | 97.74 | +0.96 | MT ahead |
| 2025-06-12 | 125.73 | 96.54 | +1.21 | MT ahead |
| 2025-06-11 | 126.26 | 95.21 | +1.38 | MT ahead |
| 2025-06-10 | 125.73 | 97.98 | +1.10 | MT ahead |
| 2025-06-09 | 124.87 | 97.85 | +1.05 | MT ahead |
| 2025-06-06 | 123.76 | 97.80 | +0.99 | MT ahead |
| 2025-06-05 | 125.57 | 96.73 | +1.22 | MT ahead |
| 2025-06-04 | 124.66 | 98.83 | +0.97 | MT ahead |
| 2025-06-03 | 123.80 | 100.20 | +0.79 | MT ahead |
| 2025-06-02 | 125.85 | 99.37 | +1.02 | MT ahead |
| 2025-05-30 | 125.69 | 90.11 | +1.90 | MT ahead |
| 2025-05-29 | 125.48 | 91.64 | +1.75 | MT ahead |
| 2025-05-28 | 125.77 | 92.79 | +1.68 | MT ahead |
| 2025-05-27 | 128.52 | 94.27 | +1.75 | MT ahead |
| 2025-05-23 | 124.78 | 91.76 | +1.74 | MT ahead |
| 2025-05-22 | 123.14 | 95.11 | +1.31 | MT ahead |
| 2025-05-21 | 126.76 | 96.81 | +1.42 | MT ahead |
| 2025-05-20 | 127.99 | 99.13 | +1.30 | MT ahead |
| 2025-05-19 | 128.20 | 99.63 | +1.28 | MT ahead |
| 2025-05-16 | 126.22 | 98.69 | +1.23 | MT ahead |
| 2025-05-15 | 127.54 | 97.97 | +1.41 | MT ahead |
| 2025-05-14 | 128.94 | 97.91 | +1.53 | MT ahead |
| 2025-05-13 | 129.26 | 99.16 | +1.45 | MT ahead |
| 2025-05-12 | 128.24 | 99.97 | +1.31 | MT ahead |
| 2025-05-09 | 124.41 | 95.56 | +1.46 | MT ahead |
| 2025-05-08 | 122.52 | 94.92 | +1.39 | MT ahead |
| 2025-05-07 | 122.89 | 95.70 | +1.35 | MT ahead |
| 2025-05-06 | 123.59 | 96.05 | +1.38 | MT ahead |
| 2025-05-05 | 124.66 | 97.47 | +1.34 | MT ahead |
| 2025-05-02 | 125.94 | 98.81 | +1.31 | MT ahead |
| 2025-05-01 | 122.07 | 95.41 | +1.36 | MT ahead |
| 2025-04-30 | 122.03 | 94.98 | +1.41 | MT ahead |
| 2025-04-29 | 124.09 | 94.66 | +1.63 | MT ahead |
| 2025-04-28 | 124.37 | 93.68 | +1.77 | MT ahead |
| 2025-04-25 | 121.58 | 93.24 | +1.61 | MT ahead |
| 2025-04-24 | 120.88 | 93.27 | +1.56 | MT ahead |
| 2025-04-23 | 118.74 | 89.69 | +1.79 | MT ahead |
| 2025-04-22 | 114.14 | 85.96 | +1.84 | MT ahead |
| 2025-04-21 | 109.12 | 83.14 | +1.74 | MT ahead |
| 2025-04-17 | 111.92 | 86.61 | +1.60 | MT ahead |
| 2025-04-16 | 110.65 | 85.82 | +1.59 | MT ahead |
| 2025-04-15 | 110.60 | 86.58 | +1.52 | MT ahead |
| 2025-04-14 | 109.86 | 86.95 | +1.41 | MT ahead |
| 2025-04-11 | 110.40 | 88.17 | +1.33 | MT ahead |
| 2025-04-10 | 104.73 | 86.03 | +1.05 | MT ahead |
| 2025-04-09 | 110.85 | 89.81 | +1.20 | MT ahead |
| 2025-04-08 | 96.47 | 80.71 | +0.88 | MT ahead |
| 2025-04-07 | 99.96 | 81.31 | +1.18 | MT ahead |
| 2025-04-04 | 101.69 | 79.97 | +1.54 | MT ahead |
| 2025-04-03 | 110.77 | 84.98 | +1.82 | MT ahead |
| 2025-04-02 | 119.48 | 93.26 | +1.66 | MT ahead |
| 2025-04-01 | 119.15 | 90.80 | +1.93 | MT ahead |
| 2025-03-31 | 118.58 | 91.59 | +1.81 | MT ahead |
| 2025-03-28 | 118.29 | 90.77 | +1.90 | MT ahead |
| 2025-03-27 | 122.15 | 93.72 | +1.92 | MT ahead |
| 2025-03-26 | 126.47 | 93.97 | +2.30 | MT ahead |
| 2025-03-25 | 129.68 | 93.72 | +2.65 | MT ahead |
| 2025-03-24 | 130.66 | 92.74 | +2.91 | MT ahead |
| 2025-03-21 | 129.80 | 89.82 | +3.27 | MT ahead |
| 2025-03-20 | 131.52 | 92.73 | +3.13 | MT ahead |
| 2025-03-19 | 135.88 | 94.11 | +3.43 | MT ahead |
| 2025-03-18 | 133.66 | 93.06 | +3.46 | MT ahead |
| 2025-03-17 | 131.69 | 91.48 | +3.58 | MT ahead |
| 2025-03-14 | 132.43 | 93.10 | +3.52 | MT ahead |
| 2025-03-13 | 126.63 | 90.25 | +3.44 | MT ahead |
| 2025-03-12 | 125.44 | 90.45 | +3.37 | MT ahead |
| 2025-03-11 | 131.77 | 88.42 | +4.52 | MT ahead |
| 2025-03-10 | 129.35 | 87.43 | +4.61 | MT ahead |
| 2025-03-07 | 136.25 | 91.55 | +4.94 | MT ahead |
| 2025-03-06 | 139.46 | 91.71 | +5.60 | MT ahead |
| 2025-03-05 | 138.47 | 93.52 | +5.50 | MT ahead |
| 2025-03-04 | 124.37 | 92.53 | +3.98 | MT ahead |
| 2025-03-03 | 121.17 | 95.56 | +3.02 | MT ahead |
| 2025-02-28 | 114.02 | 98.90 | +1.33 | MT ahead |
| 2025-02-27 | 116.65 | 97.62 | +1.99 | MT ahead |
| 2025-02-26 | 119.11 | 97.74 | +2.36 | MT ahead |
| 2025-02-25 | 114.71 | 97.74 | +1.68 | MT ahead |
| 2025-02-24 | 114.34 | 97.50 | +1.66 | MT ahead |
| 2025-02-21 | 114.26 | 95.71 | +1.97 | MT ahead |
| 2025-02-20 | 115.08 | 98.90 | +1.49 | MT ahead |
| 2025-02-19 | 115.58 | 100.14 | +1.33 | MT ahead |
| 2025-02-18 | 118.74 | 101.82 | +1.49 | MT ahead |
| 2025-02-14 | 117.43 | 99.46 | +1.67 | MT ahead |
| 2025-02-13 | 118.00 | 97.30 | +2.11 | MT ahead |
| 2025-02-12 | 119.28 | 96.87 | +2.34 | MT ahead |
| 2025-02-11 | 112.49 | 98.75 | +1.00 | MT ahead |
| 2025-02-10 | 115.58 | 97.29 | +1.69 | MT ahead |
| 2025-02-07 | 114.43 | 92.78 | +2.29 | MT ahead |
| 2025-02-06 | 116.44 | 94.43 | +2.28 | MT ahead |
| 2025-02-05 | 104.73 | 94.76 | +0.47 | near the usual relationship |
| 2025-02-04 | 103.12 | 92.54 | +0.58 | MT ahead |
| 2025-02-03 | 100.04 | 93.67 | -0.10 | near the usual relationship |
| 2025-01-31 | 101.56 | 93.87 | +0.09 | near the usual relationship |
| 2025-01-30 | 103.70 | 95.71 | +0.10 | near the usual relationship |
| 2025-01-29 | 101.52 | 94.58 | -0.05 | near the usual relationship |
| 2025-01-28 | 101.85 | 93.03 | +0.22 | near the usual relationship |
| 2025-01-27 | 102.67 | 89.34 | +0.90 | MT ahead |
| 2025-01-24 | 102.34 | 89.59 | +0.80 | MT ahead |
| 2025-01-23 | 98.64 | 89.60 | +0.27 | near the usual relationship |
| 2025-01-22 | 95.73 | 89.98 | -0.22 | near the usual relationship |
| 2025-01-21 | 98.36 | 91.30 | -0.06 | near the usual relationship |
| 2025-01-17 | 95.60 | 92.14 | -0.56 | STLD ahead |
| 2025-01-16 | 95.27 | 91.53 | -0.53 | STLD ahead |
| 2025-01-15 | 95.48 | 91.63 | -0.52 | STLD ahead |
| 2025-01-14 | 92.23 | 90.44 | -0.80 | STLD ahead |
| 2025-01-13 | 91.62 | 90.26 | -0.87 | STLD ahead |
| 2025-01-10 | 90.67 | 85.18 | -0.27 | near the usual relationship |
| 2025-01-08 | 89.68 | 85.29 | -0.43 | near the usual relationship |
| 2025-01-07 | 90.22 | 87.73 | -0.71 | STLD ahead |
| 2025-01-06 | 90.55 | 86.87 | -0.55 | STLD ahead |
| 2025-01-03 | 91.20 | 82.85 | +0.09 | near the usual relationship |
| 2025-01-02 | 93.96 | 81.96 | +0.56 | MT ahead |
| 2024-12-31 | 95.07 | 83.52 | +0.47 | near the usual relationship |
| 2024-12-30 | 94.25 | 83.33 | +0.38 | near the usual relationship |
| 2024-12-27 | 95.11 | 84.77 | +0.28 | near the usual relationship |
| 2024-12-26 | 95.48 | 85.74 | +0.18 | near the usual relationship |
| 2024-12-24 | 95.56 | 85.71 | +0.19 | near the usual relationship |
| 2024-12-23 | 94.86 | 84.76 | +0.22 | near the usual relationship |
| 2024-12-20 | 95.27 | 84.71 | +0.26 | near the usual relationship |
| 2024-12-19 | 95.23 | 84.42 | +0.29 | near the usual relationship |
| 2024-12-18 | 95.40 | 85.49 | +0.16 | near the usual relationship |
| 2024-12-17 | 98.52 | 86.83 | +0.34 | near the usual relationship |
| 2024-12-16 | 100.82 | 89.12 | +0.30 | near the usual relationship |
| 2024-12-13 | 101.56 | 89.60 | +0.31 | near the usual relationship |
| 2024-12-12 | 104.23 | 92.93 | +0.19 | near the usual relationship |
| 2024-12-11 | 106.21 | 97.79 | -0.15 | near the usual relationship |
| 2024-12-10 | 106.33 | 99.06 | -0.29 | near the usual relationship |
| 2024-12-09 | 105.80 | 101.23 | -0.57 | STLD ahead |
| 2024-12-06 | 103.95 | 100.24 | -0.66 | STLD ahead |
| 2024-12-05 | 104.27 | 101.56 | -0.77 | STLD ahead |
| 2024-12-04 | 101.81 | 103.52 | -1.23 | STLD ahead |
| 2024-12-03 | 103.74 | 104.85 | -1.18 | STLD ahead |
| 2024-12-02 | 104.89 | 106.03 | -1.19 | STLD ahead |
| 2024-11-29 | 103.90 | 106.37 | -1.33 | STLD ahead |
| 2024-11-27 | 100.95 | 105.32 | -1.55 | STLD ahead |
| 2024-11-26 | 98.40 | 105.17 | -1.82 | STLD ahead |
| 2024-11-25 | 102.18 | 106.16 | -1.54 | STLD ahead |
| 2024-11-22 | 103.21 | 105.13 | -1.34 | STLD ahead |
| 2024-11-21 | 103.95 | 106.14 | -1.38 | STLD ahead |
| 2024-11-20 | 103.08 | 105.47 | -1.41 | STLD ahead |
| 2024-11-19 | 104.73 | 102.69 | -0.96 | STLD ahead |
| 2024-11-18 | 105.06 | 103.02 | -0.97 | STLD ahead |
| 2024-11-15 | 103.86 | 102.08 | -1.00 | STLD ahead |
| 2024-11-14 | 100.66 | 100.91 | -1.22 | STLD ahead |
| 2024-11-13 | 97.70 | 103.90 | -1.88 | STLD ahead |
| 2024-11-12 | 100.04 | 105.70 | -1.83 | STLD ahead |
| 2024-11-11 | 105.18 | 108.22 | -1.55 | STLD ahead |
| 2024-11-08 | 107.23 | 108.77 | -1.41 | STLD ahead |
| 2024-11-07 | 108.96 | 108.33 | -1.20 | STLD ahead |
| 2024-11-06 | 104.48 | 113.00 | -2.16 | STLD ahead |
| 2024-11-05 | 103.49 | 99.33 | -0.83 | STLD ahead |
| 2024-11-04 | 101.97 | 97.81 | -0.83 | STLD ahead |
| 2024-11-01 | 101.03 | 97.86 | -0.95 | STLD ahead |
| 2024-10-31 | 101.19 | 95.56 | -0.67 | STLD ahead |
| 2024-10-30 | 100.99 | 97.22 | -0.89 | STLD ahead |
| 2024-10-29 | 102.01 | 98.97 | -0.98 | STLD ahead |
| 2024-10-28 | 102.51 | 99.38 | -0.98 | STLD ahead |
| 2024-10-25 | 98.73 | 94.88 | -0.89 | STLD ahead |
| 2024-10-24 | 97.99 | 95.44 | -1.05 | STLD ahead |
| 2024-10-23 | 96.63 | 94.19 | -1.07 | STLD ahead |
| 2024-10-22 | 98.81 | 96.51 | -1.10 | STLD ahead |
| 2024-10-21 | 98.07 | 97.72 | -1.33 | STLD ahead |
| 2024-10-18 | 100.00 | 100.00 | -1.39 | STLD ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 6, 2024 (MT +0.9%, STLD +13.8%); Nov 7, 2024 (MT +4.3%, STLD -4.1%); Feb 6, 2025 (MT +11.2%, STLD -0.4%); Mar 3, 2025 (MT +6.3%, STLD -3.4%); Mar 5, 2025 (MT +11.3%, STLD +1.1%); Aug 19, 2026 (MT +3.6%, STLD -7.5%). Upcoming earnings: MT Nov 5, 2026 (pre-market).
Paired trades
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
2 simulated trades to Oct 20, 2026: -11.65% per trade on average after costs, 0 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long MT · Short STLD | Sep 26, 2023 | Oct 31, 2023 | divergence stop | 35 | -$995.42 | -$66.69 | -$1,078.29 (-10.78%) |
| Long MT · Short STLD | May 10, 2019 | Jul 29, 2019 | divergence stop | 80 | -$1,092.22 | -$93.16 | -$1,251.38 (-12.51%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
MT and STLD at a glance
MT Arcelor Mittal NY Registry Shares NEW
- Listing
- NYSE · SEC CIK 1243429
- Industry
- Steel/Iron Ore · SIC 3312 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
- Market value
- $47.7B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
STLD Steel Dynamics Inc.
- Listing
- Nasdaq · SEC CIK 1022671
- Industry
- Steel/Iron Ore · SIC 3312 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
- Market value
- $35.1B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of MT and STLD
| Pair | Status | Ahead now | Industry |
|---|---|---|---|
| NUE / MT | Watchlist | NUE by 2.19 sd | Steel/Iron Ore |
| NUE / STLD | Watchlist | NUE by 1.88 sd | Steel/Iron Ore |
Follow the research behind the paper book
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
