Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot and cold roll, and coated steel products; structural flange beams and channel sections, flat bars, large unequal leg angles, reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including channels, angles, flats, merchant rounds, and reinforcing steel bars; and other engineered round steel bars. This segment is also involved in the turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty merchant bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube industry sectors. This segment sells its products directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment engages 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, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces steel building components, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.
IPO Year: 1996
Exchange: NASDAQ
Website: steeldynamics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/1/2024 | $140.00 → $155.00 | Neutral → Buy | BofA Securities |
| 9/17/2024 | $135.00 → $127.00 | Market Perform | BMO Capital Markets |
| 9/9/2024 | $120.00 → $131.00 | Underweight → Neutral | JP Morgan |
| 9/3/2024 | $129.00 → $145.00 | Neutral → Buy | UBS |
| 5/20/2024 | $150.00 | Hold | Jefferies |
| 1/16/2024 | $120.00 | Neutral | UBS |
| 9/25/2023 | $130.00 | Neutral → Buy | Citigroup |
| 7/5/2023 | $102.00 | Outperform → Neutral | Exane BNP Paribas |
| 5/23/2023 | $82.00 | Underweight | JP Morgan |
| 4/5/2023 | $140.00 → $123.00 | Buy → Neutral | BofA Securities |
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4 - STEEL DYNAMICS INC (0001022671) (Issuer)
4 - STEEL DYNAMICS INC (0001022671) (Issuer)
4 - STEEL DYNAMICS INC (0001022671) (Issuer)
4 - STEEL DYNAMICS INC (0001022671) (Issuer)
FORT WAYNE, Ind., Nov. 8, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a fourth quarter cash dividend of $0.46 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2024 and is payable on or about January 10, 2025. About Steel Dynamics, Inc. Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout
FORT WAYNE, Ind., Oct. 17, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release Third Quarter 2024 financial results after market close on Wednesday, October 16, 2024. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Thursday October 17, 2024 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler, Executive Vice President and Chief Financial Officer, and Barry Schneider, President and Chief Operating Officer.
FORT WAYNE, Ind., Oct. 16, 2024 /PRNewswire/ -- Third Quarter 2024 Performance Highlights: Steel shipments of 3.2 million tonsNet sales of $4.3 billion, operating income of $395 million, net income of $318 million, and adjusted EBITDA of $557 millionCash flow from operations of $760 millionStrong liquidity of $3.1 billion, as of September 30, 2024Share repurchases of $310 million of the company's common stock, representing 1.6 percent of its outstanding sharesSteel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2024 financial results. The company reported third
FORT WAYNE, Ind., Oct. 7, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release Third Quarter 2024 financial results after market close on Wednesday, October 16, 2024. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Thursday October 17, 2024 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler, Executive Vice President and Chief Financial Officer, and Barry Schneider, President and Chief Operating Officer.
FORT WAYNE, Ind., Sept. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided third quarter 2024 earnings guidance in the range of $1.94 to $1.98 per diluted share. Comparatively, the company's sequential second quarter 2024 earnings were $2.72 per diluted share, and prior year third quarter earnings were $3.47 per diluted share. Third quarter 2024 profitability from the company's steel operations is expected to be meaningfully lower than sequential second quarter results, based on lower average realized pricing within the flat rolled operations as gen
FORT WAYNE, Ind., Aug. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a third quarter cash dividend of $0.46 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2024 and is payable on or about October 11, 2024. About Steel Dynamics, Inc.Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout t
FORT WAYNE, Ind., July 18, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ:STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release second quarter 2024 financial results after market close on Wednesday, July 17, 2024. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Thursday July 18, 2024 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler, Executive Vice President and Chief Financial Officer, and Barry Schneider, President and Chief Operating Officer. To participate, please dial +1.973.528.0011 at least ten minutes before the start time and refe
FORT WAYNE, Ind., July 17, 2024 /PRNewswire/ -- Second Quarter 2024 Performance Highlights: Steel shipments of 3.2 million tonsNet sales of $4.6 billion, operating income of $559 million, net income of $428 million, and adjusted EBITDA of $686 millionCash flow from operations of $383 millionStrong liquidity of $2.7 billion as of June 30, 2024Share repurchases of $309 million of the company's common stock, representing 1.5 percent of its outstanding sharesSteel Dynamics, Inc. (NASDAQ:STLD) today announced second quarter 2024 financial results. The company reported second quart
FORT WAYNE, Ind., July 9, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ:STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release second quarter 2024 financial results after market close on Wednesday, July 17, 2024. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Thursday July 18, 2024 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler, Executive Vice President and Chief Financial Officer, and Barry Schneider, President and Chief Operating Officer. To participate, please dial +1.973.528.0011 at least ten minutes before the start time and refer
FORT WAYNE, Ind., June 17, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ:STLD) today provided second quarter 2024 earnings guidance in the range of $2.64 to $2.68 per diluted share. Comparatively, the company's sequential first quarter 2024 earnings were $3.67 per diluted share, and prior year second quarter earnings were $4.81 per diluted share. Second quarter 2024 profitability from the company's steel operations are expected to be meaningfully lower than sequential first quarter results, based on lower realized pricing offsetting steady shipments. Underlying domestic steel demand remains intact although steel buying hesitancy has resulted from a weakening scrap price environment. Th
FORT WAYNE, Ind., Nov. 14, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced today that Union Pacific recognized Steel Dynamics with a Sustainability Partner Award. Union Pacific honored innovative partners that demonstrated leadership and progress toward achieving their sustainability goals at their annual Sustainability Partner Award Ceremony. "We are proud to be recognized for our sustainability leadership," said Mark D. Millett, Co-Founder, Chairman, and Chief Executive Officer. "Our recognition as a Sustainability Partner is due to our team's extraordi
FORT WAYNE, Ind., Nov. 8, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a fourth quarter cash dividend of $0.46 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2024 and is payable on or about January 10, 2025. About Steel Dynamics, Inc. Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout
FORT WAYNE, Ind., Oct. 30, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that they recently joined the U.S. Environmental Protection Agency's (EPA) Green Power Partnership (GPP). Steel Dynamics was recognized by the U.S. EPA appearing number 21 on their list of Green Power Partners from the Fortune 500® and number 33 on their National Top 100 List of the largest green power users from the GPP. In 2023, Steel Dynamics steel mills utilized 690 million kilowatt-hours (kWh) of green power, which is enough to meet 10 percent of its steel mill operations' electricity use and achieve its 2025 renewable electrical energy goal.
FORT WAYNE, Ind., Oct. 17, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release Third Quarter 2024 financial results after market close on Wednesday, October 16, 2024. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Thursday October 17, 2024 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler, Executive Vice President and Chief Financial Officer, and Barry Schneider, President and Chief Operating Officer.
FORT WAYNE, Ind., Oct. 16, 2024 /PRNewswire/ -- Third Quarter 2024 Performance Highlights: Steel shipments of 3.2 million tonsNet sales of $4.3 billion, operating income of $395 million, net income of $318 million, and adjusted EBITDA of $557 millionCash flow from operations of $760 millionStrong liquidity of $3.1 billion, as of September 30, 2024Share repurchases of $310 million of the company's common stock, representing 1.6 percent of its outstanding sharesSteel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2024 financial results. The company reported third
FORT WAYNE, Ind., Oct. 10, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced certified, science-based greenhouse gas (GHG) emissions intensity targets for its steel mills. In alignment with the 1.5° C scenario set forth in the Paris Agreement, Steel Dynamics set a 2050 emissions intensity target of 0.12 metric tons of CO₂e per metric ton of hot rolled steel produced. The company also set an interim 2030 emissions intensity target of 0.80 metric tons of CO₂e per metric ton of hot rolled steel produced, representing a 15% reduction, compared to the company's 2022 base year. These GHG emissions targets were established using the Global Steel Climate Council's (GSCC) St
FORT WAYNE, Ind., Oct. 7, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release Third Quarter 2024 financial results after market close on Wednesday, October 16, 2024. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Thursday October 17, 2024 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler, Executive Vice President and Chief Financial Officer, and Barry Schneider, President and Chief Operating Officer.
FORT WAYNE, Ind., Sept. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided third quarter 2024 earnings guidance in the range of $1.94 to $1.98 per diluted share. Comparatively, the company's sequential second quarter 2024 earnings were $2.72 per diluted share, and prior year third quarter earnings were $3.47 per diluted share. Third quarter 2024 profitability from the company's steel operations is expected to be meaningfully lower than sequential second quarter results, based on lower average realized pricing within the flat rolled operations as gen
FORT WAYNE, Ind., Sept. 5, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to apply antidumping duties against imports of corrosion resistant flat rolled steel (CORE) from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, UAE, and Vietnam, and countervailing duties against imports of CORE from Brazil, Canada, Mexico, and Vietnam. The company was joined by four other organizations in at least one or more of these cases. "Between the fir
FORT WAYNE, Ind., Aug. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a third quarter cash dividend of $0.46 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2024 and is payable on or about October 11, 2024. About Steel Dynamics, Inc.Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout t
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BofA Securities upgraded Steel Dynamics from Neutral to Buy and set a new price target of $155.00 from $140.00 previously
BMO Capital Markets reiterated coverage of Steel Dynamics with a rating of Market Perform and set a new price target of $127.00 from $135.00 previously
JP Morgan upgraded Steel Dynamics from Underweight to Neutral and set a new price target of $131.00 from $120.00 previously
UBS upgraded Steel Dynamics from Neutral to Buy and set a new price target of $145.00 from $129.00 previously
Jefferies initiated coverage of Steel Dynamics with a rating of Hold and set a new price target of $150.00
UBS initiated coverage of Steel Dynamics with a rating of Neutral and set a new price target of $120.00
Citigroup upgraded Steel Dynamics from Neutral to Buy and set a new price target of $130.00
Exane BNP Paribas downgraded Steel Dynamics from Outperform to Neutral and set a new price target of $102.00
JP Morgan initiated coverage of Steel Dynamics with a rating of Underweight and set a new price target of $82.00
BofA Securities downgraded Steel Dynamics from Buy to Neutral and set a new price target of $123.00 from $140.00 previously
10-Q - STEEL DYNAMICS INC (0001022671) (Filer)
8-K - STEEL DYNAMICS INC (0001022671) (Filer)
8-K - STEEL DYNAMICS INC (0001022671) (Filer)
8-K - STEEL DYNAMICS INC (0001022671) (Filer)
8-K - STEEL DYNAMICS INC (0001022671) (Filer)
8-K - STEEL DYNAMICS INC (0001022671) (Filer)
10-Q - STEEL DYNAMICS INC (0001022671) (Filer)
8-K - STEEL DYNAMICS INC (0001022671) (Filer)
8-K - STEEL DYNAMICS INC (0001022671) (Filer)
8-K - STEEL DYNAMICS INC (0001022671) (Filer)
FORT WAYNE, Ind., Sept. 15, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ:STLD) today announced that its Board of Directors has appointed Jennifer L. Hamann to the Company's Board of Directors. The appointment is for the balance of a one-year term ending May 2024 coinciding with the Company's regularly held Annual Meeting of Stockholders. Ms. Hamann, age 56, will serve as an independent director and participate as a member of the Company's Audit Committee. From 2020 through present, Ms. Hamann has served as the executive vice president and chief financial officer of Union Pacific Corporation ("Union Pacific"), a publicly traded company (NYSE:UNP) with a current market capitalization of
FORT WAYNE, Ind., Feb. 9, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ:STLD) today announced that the company's board of directors approved the appointment of Barry T. Schneider to the newly created position of President and Chief Operating Officer of the company, effective March 1, 2023. Mr. Schneider has been an integral participant in the growth of the company's steel operations. Mr. Schneider, a 28-year veteran of the company, has been its Senior Vice President, Flat Roll Steel Group, since March 2016, responsible for the company's flat roll steel operations, comprised of three steel mills and numerous processing and value-added coating lines. Before that, Mr. Schneider served in va
FORT WAYNE, Ind., Nov. 24, 2021 /PRNewswire/ -- (NASDAQ:STLD) Steel Dynamics, Inc. today announced that its Board of Directors has appointed Luis M. Sierra as an independent member of the Company's Board of Directors. The appointment is for the balance of a one-year term ending May 2022, coinciding with the Company's regularly scheduled Annual Meeting of Stockholders. Mr. Luis Sierra, age 58, will serve as an independent director of Steel Dynamics and will also serve as a member of the Steel Dynamics Compensation Committee. From July 2020 through present, Mr. Sierra serves as the President and Chief Executive Officer of NOVA Chemicals Corporation ("NOVA"), with annual 2020 revenues of $3.2
Steel Dynamics (NASDAQ:STLD) has outperformed the market over the past 5 years by 19.11% on an annualized basis producing an average annual return of 31.96%. Currently, Steel Dynamics has a market capitalization of $20.18 billion. Buying $100 In STLD: If an investor had bought $100 of STLD stock 5 years ago, it would be worth $407.23 today based on a price of $128.44 for STLD at the time of writing. Steel Dynamics's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conten
Steel Dynamics (NASDAQ:STLD) reported quarterly earnings of $2.72 per share which missed the analyst consensus estimate of $2.86 by 4.9 percent. The company reported quarterly sales of $4.632 billion which beat the analyst consensus estimate of $4.434 billion by 4.46 percent. This is a 8.85 percent decrease over sales of $5.082 billion the same period last year.
It’s deep red on Wall Street on Wednesday, with tech stocks sharply falling amid a semiconductor broad-based selloff following news that the Biden administration is hastening export restrictions to China. Bloomberg reported on Wednesday that the U.S. administration has advised its allies to impose the strictest trade restrictions possible if companies such as Tokyo Electron Ltd. (OTCPK: TOELY) and ASML Holding NV (NASDAQ:ASML) persist in supplying advanced chips to China. Shares of the Dutch chipmaker ASML Holding fell nearly 12%, notching the worst decline since March 2020. The tech-heavy Nasdaq 100 tumbled by 2.7% at 12:45 p.m. ET, marking the worst session since late August 2023.
Steel Dynamics's (NYSE:STLD) short percent of float has fallen 9.01% since its last report. The company recently reported that it has 6.19 million shares sold short, which is 4.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.21 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
Sentiment will likely reverse course, with the index futures trading notably lower early Wednesday. The recent run-up ideally should render the mood cautious, and the caution may intensify as the first AI-levered chip company from across the Atlantic reported second-quarter results that were not viewed positively by the Street. Republican presidential nominee Donald Trump added to the worries concerning the tech space after he said in a Bloomberg interview that Taiwan should foot its own defense bill as it strives to keep China at bay. Taiwan houses most chip suppliers to the tech industry. Bond yields edged up ahead of the housing starts and industrial production report. FuturesPerforman
Steel Dynamics (NASDAQ:STLD) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 1 0 Last 30D 0 0 0 1 0 1M Ago 0 0 2 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Steel Dynamics, presenting an average target of $137.5, a high estimate of $150.00, and a low estimate of $120.00. This upward trend is apparen
JP Morgan analyst Bill Peterson maintains Steel Dynamics (NASDAQ:STLD) with a Underweight and raises the price target from $118 to $120.
U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Monday. Shares of MicroStrategy Incorporated (NASDAQ:MSTR) rose sharply during Monday's session amid a rise Bitcoin. Bitcoin prices rose past the key $63,000 level on Monday. MicroStrategy shares jumped 11.5% to $1,556.89 during the session. Here are some other big stocks recording gains in today’s session. Trump Media & Technology Group Corp. (NASDAQ:DJT) shares jumped 32.8% to $41.03 following the attempted assassination of Donald Trump. The company's CEO Devin Nunes issued the following statement in response to the attempted assassination of President Donald J. Trump, “I offer my deepest sympath