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 |
|---|---|---|---|
| 11/4/2025 | $165.00 | Buy → Neutral | UBS |
| 8/14/2025 | $143.00 | Overweight | Wells Fargo |
| 3/31/2025 | $135.00 → $145.00 | Market Perform → Outperform | BMO Capital Markets |
| 3/24/2025 | $149.00 | Neutral → Buy | UBS |
| 3/7/2025 | $145.00 → $158.00 | Equal-Weight → Overweight | Morgan Stanley |
| 2/27/2025 | Underperform → Peer Perform | Wolfe Research | |
| 2/11/2025 | $155.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 1/24/2025 | $125.00 → $145.00 | Hold → Buy | Jefferies |
| 1/3/2025 | Neutral → Outperform | Exane BNP Paribas | |
| 12/12/2024 | $145.00 → $149.00 | Buy → Neutral | UBS |
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FORT WAYNE, Ind., Nov. 11, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced the appointment of Matt Bell as the company's head of its metals recycling platform effective today. "I am excited and pleased to recognize Matt for his outstanding leadership and positive impact within our company," said Mark D. Millett, Chairman and Chief Executive Officer. "Since joining us in 2016, Matt's commercial and operational experience has helped lead our metals recycling teams to higher levels of service, efficiency, supply-chain solutions, and excellence. I am pl
FORT WAYNE, Ind., Nov. 7, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a fourth quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2025 and is payable on or about January 9, 2026. About Steel Dynamics, Inc. Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing l
FORT WAYNE, Ind., Oct. 27, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced lower-embodied-carbon steel product offerings, BIOEDGE™ and EDGE™, to support customers in achieving their greenhouse gas emissions reduction and sustainability initiatives. BIOEDGE and EDGE are lower-embodied-carbon steel products produced exclusively with electric arc furnace (EAF) technology. Additionally, the steel is matched with Green-e Energy certified renewable energy certificates or emission-free nuclear energy certificates, significantly reducing Scope 2 emissions.
FORT WAYNE, Ind., Oct. 20, 2025 /PRNewswire/ -- Third Quarter 2025 Performance Highlights: Successful production and qualification of industrial, beverage can, and automotive quality flat rolled aluminum productsSuccessful production and consumption of biocarbon materialRecord steel shipments of 3.6 million tonsNet sales of $4.8 billion, operating income of $508 million, and net income of $404 millionAdjusted EBITDA of $664 million and cash flow from operations of $723 millionLiquidity of over $2.2 billionShare repurchases of $210 million of the company's common stock, represe
FORT WAYNE, Ind., Oct. 6, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico, today announced it intends to release Third Quarter 2025 financial results after market close on Monday, October 20, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Tuesday October 21, 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.
FORT WAYNE, Ind., Sept. 26, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) applauds the International Trade Commission (ITC) on the unanimous affirmative final determination that imports of Corrosion-Resistant Steel (CORE) from ten countries injured the U.S. steel industry. This decision paves the way for the imposition of final duties in ten antidumping cases and four countervailing duty cases at rates determined by the Department of Commerce in August 2025 and publicly available on the ITC website, www.trade.gov/final-determinations-antidumping-and-countervailing-duty-investigations-corrosion-resistant-steel.
FORT WAYNE, Ind., Sept. 15, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided third quarter 2025 earnings guidance in the range of $2.60 to $2.64 per diluted share, with improved earnings from each of the company's three operating platforms. Comparatively, the company's sequential second quarter 2025 earnings were $2.01 per diluted share, and prior year third quarter earnings were $2.05 per diluted share. Third quarter 2025 profitability from the company's steel operations is expected to be stronger than sequential second quarter results, driven by str
FORT WAYNE, Ind., Aug. 19, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that it has entered into a definitive agreement to acquire the remaining 55% equity interest in New Process Steel, L.P. ("New Process"). New Process Steel is a metals solutions and distribution supply-chain management company headquartered in Houston, Texas, with a focus toward growing its value-added manufacturing applications. "We have enjoyed a strong customer relationship with New Process since our founding," stated Mark D. Millett, Chairman and Chief Executive Officer.
FORT WAYNE, Ind., Aug. 14, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a third quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2025 and is payable on or about October 10, 2025. About Steel Dynamics, Inc.Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing
FORT WAYNE, Ind., July 22, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico, today announced it intends to release Second Quarter 2025 financial results after market close on Monday, July 21, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Tuesday July 22, 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.
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FORT WAYNE, Ind., Nov. 11, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced the appointment of Matt Bell as the company's head of its metals recycling platform effective today. "I am excited and pleased to recognize Matt for his outstanding leadership and positive impact within our company," said Mark D. Millett, Chairman and Chief Executive Officer. "Since joining us in 2016, Matt's commercial and operational experience has helped lead our metals recycling teams to higher levels of service, efficiency, supply-chain solutions, and excellence. I am pl
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
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UBS downgraded Steel Dynamics from Buy to Neutral and set a new price target of $165.00
Wells Fargo initiated coverage of Steel Dynamics with a rating of Overweight and set a new price target of $143.00
BMO Capital Markets upgraded Steel Dynamics from Market Perform to Outperform and set a new price target of $145.00 from $135.00 previously
UBS upgraded Steel Dynamics from Neutral to Buy and set a new price target of $149.00
Morgan Stanley upgraded Steel Dynamics from Equal-Weight to Overweight and set a new price target of $158.00 from $145.00 previously
Wolfe Research upgraded Steel Dynamics from Underperform to Peer Perform
KeyBanc Capital Markets upgraded Steel Dynamics from Sector Weight to Overweight and set a new price target of $155.00
Jefferies upgraded Steel Dynamics from Hold to Buy and set a new price target of $145.00 from $125.00 previously
Exane BNP Paribas upgraded Steel Dynamics from Neutral to Outperform
UBS downgraded Steel Dynamics from Buy to Neutral and set a new price target of $149.00 from $145.00 previously
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Live finance-specific insights
FORT WAYNE, Ind., Nov. 7, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a fourth quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2025 and is payable on or about January 9, 2026. About Steel Dynamics, Inc. Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing l
FORT WAYNE, Ind., Oct. 20, 2025 /PRNewswire/ -- Third Quarter 2025 Performance Highlights: Successful production and qualification of industrial, beverage can, and automotive quality flat rolled aluminum productsSuccessful production and consumption of biocarbon materialRecord steel shipments of 3.6 million tonsNet sales of $4.8 billion, operating income of $508 million, and net income of $404 millionAdjusted EBITDA of $664 million and cash flow from operations of $723 millionLiquidity of over $2.2 billionShare repurchases of $210 million of the company's common stock, represe
FORT WAYNE, Ind., Oct. 6, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico, today announced it intends to release Third Quarter 2025 financial results after market close on Monday, October 20, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Tuesday October 21, 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.
FORT WAYNE, Ind., Sept. 15, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided third quarter 2025 earnings guidance in the range of $2.60 to $2.64 per diluted share, with improved earnings from each of the company's three operating platforms. Comparatively, the company's sequential second quarter 2025 earnings were $2.01 per diluted share, and prior year third quarter earnings were $2.05 per diluted share. Third quarter 2025 profitability from the company's steel operations is expected to be stronger than sequential second quarter results, driven by str
FORT WAYNE, Ind., Aug. 14, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a third quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2025 and is payable on or about October 10, 2025. About Steel Dynamics, Inc.Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing
FORT WAYNE, Ind., July 22, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico, today announced it intends to release Second Quarter 2025 financial results after market close on Monday, July 21, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Tuesday July 22, 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.
FORT WAYNE, Ind., July 21, 2025 /PRNewswire/ -- Second Quarter 2025 Performance Highlights: The company shipped its first aluminum flat rolled product coils June 16, 2025Steel shipments of 3.3 million tonsNet sales of $4.6 billion, operating income of $383 million, and net income of $299 millionAdjusted EBITDA of $533 million and cash flow from operations of $302 millionLiquidity of $1.9 billion as of June 30, 2025, after repayment of $400 million of senior notes due June 2025Share repurchases of $200 million of the company's common stock, representing 1.1 percent of its outs
FORT WAYNE, Ind., July 7, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico, today announced it intends to release Second Quarter 2025 financial results after market close on Monday, July 21, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Tuesday July 22, 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.
FORT WAYNE, Ind., June 18, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter 2025 earnings guidance in the range of $2.00 to $2.04 per diluted share. Comparatively, the company's sequential first quarter 2025 earnings were $1.44 per diluted share and prior year second quarter earnings were $2.72 per diluted share. Second quarter 2025 profitability from the company's steel operations is expected to be significantly stronger than sequential first quarter results, as metal spreads expanded across the platform with average realized steel pri
FORT WAYNE, Ind., April 28, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a second quarter cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2025 and is payable on or about July 11, 2025. About Steel Dynamics, Inc.Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbo