Steel Dynamics/$STLD

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About Steel Dynamics

Steel Dynamics Inc operates as a domestic steel producer and metal recycler in the United States. The company's product portfolio comprises hot rolled sheet, hot rolled plate, painted sheet products, cold rolled sheet, and others. Its reportable segments are steel operations, metals recycling operations, steel fabrication operations, and aluminum operations. Maximum revenue is generated from its steel operations segment, which consists of manufacturing various steel products and numerous coating operations. Its primary sources of revenue are currently from the manufacture and sale of steel products, the processing and sale of recycled ferrous and nonferrous metals, and the fabrication and sale of steel joists and deck products.
Ticker
$STLD
Sector
Materials
Primary listing
NASDAQ
Employees
14,400

Steel Dynamics Metrics

BasicAdvanced
$34B
21.62
$11.02
1.53
$2.06
0.89%

What the Analysts think about Steel Dynamics

Analyst ratings (Buy, Hold, Sell) for Steel Dynamics stock.
Analyst projections of the future price of Steel Dynamics stock.

Bulls say / Bears say

Steel Dynamics delivered a strong second quarter, with sales of $6.1 billion and net income of $534 million, up from $299 million a year earlier. Record steel shipments and better pricing helped spreads widen as selling prices rose faster than scrap costs. (Steel Dynamics)
The new aluminium business is moving towards becoming a second earnings engine: shipments rose to 53,000 metric tons in the second quarter, losses narrowed, and the third cold mill began commissioning. Management expects volumes and profitability to rise sharply in the second half of 2026 and into 2027. (Steel Dynamics, Manufacturing Dive)
The fabrication business provides useful demand visibility: its order backlog was nearly 45% higher than a year earlier and extended into early 2027. Commercial construction, data centres, manufacturing, warehousing and healthcare are supporting order activity. (Steel Dynamics, Steel Dynamics)
The recent margin lift is exposed to trade policy: Canadian retaliation could weaken demand or exports, while a renewed US-Canada deal could remove tariff support. Higher scrap and energy costs could also absorb gains in finished-steel prices. (Steel Dynamics, StockTi)
The aluminium expansion is still consuming earnings during its ramp-up: the segment posted a $33 million operating loss in the second quarter, and Steel Dynamics recorded a further $16 million impairment linked to relocating a recycled-slab centre. Delays or quality problems would postpone the expected profit contribution. (Steel Dynamics, Manufacturing Dive)
The shares leave less room for disappointment after a strong run: a recent analyst note said the forward P/E was 86% above its five-year average, while JPMorgan kept a Neutral rating despite raising its price target. A slowdown in data-centre or other capital spending could therefore hurt both earnings and the valuation multiple. (Seeking Alpha, MarketScreener)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.

Steel Dynamics Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Steel Dynamics Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Steel Dynamics

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