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Steel Dynamics Inc.

$STLD
Steel/Iron Ore
Industrials

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

Peers

$TMST

Recent Analyst Ratings for Steel Dynamics Inc.

DatePrice TargetRatingAnalyst
3/31/2025$135.00 → $145.00Market Perform → Outperform
BMO Capital Markets
3/24/2025$149.00Neutral → Buy
UBS
3/7/2025$145.00 → $158.00Equal-Weight → Overweight
Morgan Stanley
2/27/2025Underperform → Peer Perform
Wolfe Research
2/11/2025$155.00Sector Weight → Overweight
KeyBanc Capital Markets
1/24/2025$125.00 → $145.00Hold → Buy
Jefferies
1/3/2025Neutral → Outperform
Exane BNP Paribas
12/12/2024$145.00 → $149.00Buy → Neutral
UBS
12/2/2024$155.00Neutral
Goldman
10/1/2024$140.00 → $155.00Neutral → Buy
BofA Securities
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Steel Dynamics Inc. Press Releases

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  • Steel Dynamics Announces First Quarter 2025 Earnings Conference Call and Webcast

    FORT WAYNE, Ind., April 10, 2025 /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 First Quarter 2025 financial results after market close on Tuesday, April 22, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Wednesday April 23, 2025 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.

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Provides First Quarter 2025 Earnings Guidance

    FORT WAYNE, Ind., March 17, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2025 earnings guidance in the range of $1.36 to $1.40 per diluted share. Comparatively, the company's sequential fourth quarter 2024 earnings were $1.36 per diluted share and prior year first quarter earnings were $3.67 per diluted share. First quarter 2025 profitability from the company's steel operations is expected to be stronger than sequential fourth quarter results, based on increased shipments more than offsetting some metal margin compression, as contrac

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Announces Completion of Notes Offering

    FORT WAYNE, Ind., March 12, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced today that it has consummated the sale of $600 million aggregate principal amount of 5.250% Notes due 2035 (the "2035 Notes") and $400 million aggregate principal amount of 5.750% Notes due 2055 (together with the 2035 Notes, the "Notes"). The net proceeds from the Notes will be used for general corporate purposes, which may include repayment of the company's $400 million 2.400% Senior Notes due June 2025. "We are very pleased with the execution and support for our investment grad

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Announces First Quarter 2025 Cash Dividend Increase of 9% and an Additional $1.5 Billion Share Repurchase Authorization

    FORT WAYNE, Ind., Feb. 24, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a first quarter cash dividend of $0.50 per common share, representing a 9% increase over the company's 2024 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2025, and is payable on or about April 11, 2025. The company's board of directors also authorized an additional share repurchase program of $1.5 billion of the company's common stock. The authorization is effective immedi

    $STLD
    Steel/Iron Ore
    Industrials

  • QXO Proposes Full Slate of Independent Directors for Election at Beacon Roofing Supply's 2025 Annual Meeting

    GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) announced today that it has informed Beacon Roofing Supply, Inc. (NASDAQ:BECN) that it will propose 10 independent director nominees at Beacon's 2025 Annual Meeting of Shareholders to replace Beacon's Board of Directors. The slate of independent nominees includes current and former senior executives and directors of leading global companies who were selected for their deep expertise with large-scale corporate transformations, extensive knowledge of the building products and distribution sectors, and track records of unlocking shareholder value. "We are proposing a slate of high-caliber, independent director nominees

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    $AMWD
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  • Steel Dynamics Named One of World's Most Admired Companies by Fortune

    FORT WAYNE, Ind., Jan. 30, 2025 /PRNewswire/ -- Fortune named Steel Dynamics, Inc. (NASDAQ/GS: STLD) one of the World's Most Admired Companies for 2025. Steel Dynamics received high marks within the metals industry. "We are honored by this recognition," said Mark D. Millett, Chairman, President, and Chief Executive Officer. "This is the eighth consecutive year that we have been recognized, and that is testimony to the extraordinary passion and spirit of excellence exhibited by our teams. It is their drive, innovation, and dedication to each other, our customers and communities

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Recognized by Corporate Knights as One of the Most Sustainable Corporations in the World

    FORT WAYNE, Ind., Jan. 24, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced that Corporate Knights has recognized the company as one of the 2025 Global 100 Most Sustainable Corporations, ranking 29th overall and recognized as the leader within the steelmaking industry globally. "We are honored by this acknowledgement," said Mark D. Millett, Co-Founder, Chairman, and Chief Executive Officer. "Our recognition as one of world's most sustainable corporations is due to the extraordinary passion and spirit of excellence exhibited by our teams. It is their drive

    $STLD
    Steel/Iron Ore
    Industrials

  • Reminder: Steel Dynamics Announces Fourth Quarter and Full Year 2024 Earnings Conference Call and Webcast

    FORT WAYNE, Ind., Jan. 23, 2025 /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 Fourth Quarter and Full Year 2024 financial results after market close on Wednesday, January 22, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Standard Time on Thursday January 23, 2025 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.

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Reports Fourth Quarter and Annual 2024 Results

    FORT WAYNE, Ind., Jan. 22, 2025 /PRNewswire/ --  Annual 2024 Performance Highlights: Second highest steel shipments of 12.7 million tonsNet sales of $17.5 billion, operating income of $1.9 billion, and net income of $1.5 billionAdjusted EBITDA of $2.5 billion and cash flow from operations of $1.8 billionStrong liquidity of $2.2 billion as of December 31, 2024Share repurchases of $1.2 billion of the company's common stock, representing six percent of its outstanding sharesStrong after-tax return-on-invested-capital of 23 percent for the three-year period ended December 31, 2024

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Announces Fourth Quarter and Full Year 2024 Earnings Conference Call and Webcast

    FORT WAYNE, Ind., Jan. 10, 2025 /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 Fourth Quarter and Full Year 2024 financial results after market close on Wednesday, January 22, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Standard Time on Thursday January 23, 2025 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.

    $STLD
    Steel/Iron Ore
    Industrials

Steel Dynamics Inc. Analyst Ratings

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Steel Dynamics Inc. Insider Trading

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Steel Dynamics Inc. SEC Filings

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Steel Dynamics Inc. Leadership Updates

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  • Steel Dynamics Appoints Jennifer Hamann to the Company's Board of Directors

    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

    $STLD
    $UNP
    Steel/Iron Ore
    Industrials
    Railroads

  • Steel Dynamics Expands Leadership, Naming Barry T. Schneider President and Chief Operating Officer

    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

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Announces Appointment of New Board Member

    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

    $STLD
    Steel/Iron Ore
    Industrials

Steel Dynamics Inc. Financials

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  • Steel Dynamics Announces First Quarter 2025 Earnings Conference Call and Webcast

    FORT WAYNE, Ind., April 10, 2025 /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 First Quarter 2025 financial results after market close on Tuesday, April 22, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Wednesday April 23, 2025 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.

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Provides First Quarter 2025 Earnings Guidance

    FORT WAYNE, Ind., March 17, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2025 earnings guidance in the range of $1.36 to $1.40 per diluted share. Comparatively, the company's sequential fourth quarter 2024 earnings were $1.36 per diluted share and prior year first quarter earnings were $3.67 per diluted share. First quarter 2025 profitability from the company's steel operations is expected to be stronger than sequential fourth quarter results, based on increased shipments more than offsetting some metal margin compression, as contrac

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Announces First Quarter 2025 Cash Dividend Increase of 9% and an Additional $1.5 Billion Share Repurchase Authorization

    FORT WAYNE, Ind., Feb. 24, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a first quarter cash dividend of $0.50 per common share, representing a 9% increase over the company's 2024 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2025, and is payable on or about April 11, 2025. The company's board of directors also authorized an additional share repurchase program of $1.5 billion of the company's common stock. The authorization is effective immedi

    $STLD
    Steel/Iron Ore
    Industrials

  • Reminder: Steel Dynamics Announces Fourth Quarter and Full Year 2024 Earnings Conference Call and Webcast

    FORT WAYNE, Ind., Jan. 23, 2025 /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 Fourth Quarter and Full Year 2024 financial results after market close on Wednesday, January 22, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Standard Time on Thursday January 23, 2025 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.

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Reports Fourth Quarter and Annual 2024 Results

    FORT WAYNE, Ind., Jan. 22, 2025 /PRNewswire/ --  Annual 2024 Performance Highlights: Second highest steel shipments of 12.7 million tonsNet sales of $17.5 billion, operating income of $1.9 billion, and net income of $1.5 billionAdjusted EBITDA of $2.5 billion and cash flow from operations of $1.8 billionStrong liquidity of $2.2 billion as of December 31, 2024Share repurchases of $1.2 billion of the company's common stock, representing six percent of its outstanding sharesStrong after-tax return-on-invested-capital of 23 percent for the three-year period ended December 31, 2024

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Announces Fourth Quarter and Full Year 2024 Earnings Conference Call and Webcast

    FORT WAYNE, Ind., Jan. 10, 2025 /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 Fourth Quarter and Full Year 2024 financial results after market close on Wednesday, January 22, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Standard Time on Thursday January 23, 2025 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.

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Provides Fourth Quarter 2024 Earnings Guidance

    FORT WAYNE, Ind., Dec. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided fourth quarter 2024 earnings guidance in the range of $1.26 to $1.30 per diluted share. Comparatively, the company's sequential third quarter 2024 earnings were $2.05 per diluted share, and prior year fourth quarter earnings were $2.61 per diluted share. Fourth quarter 2024 profitability from the company's steel operations is expected to be meaningfully lower than sequential third quarter results, based on lower average realized pricing, seasonally lower shipments, and an unpl

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Announces Fourth Quarter 2024 Cash Dividend

    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

    $STLD
    Steel/Iron Ore
    Industrials

  • Reminder: Steel Dynamics Announces Third Quarter 2024 Earnings Conference Call and Webcast

    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.

    $STLD
    Steel/Iron Ore
    Industrials

  • Steel Dynamics Reports Third Quarter 2024 Results

    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

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    Steel/Iron Ore
    Industrials

Steel Dynamics Inc. Large Ownership Changes

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