Steel Dynamics, Inc. (STLD), headquartered in Fort Wayne, Indiana, functions as a leading steel producer and metal recycler. Valued at $25.6 billion by market cap, the company’s products include flat rolled steel sheet, engineered bar, special-bar-quality, and structural beams. It also recycles scrap metal and manufactures non-residential building components, including steel joists, girders, trusses, and decks, for construction projects. The leading domestic steel producer and metals recycler is expected t ...

Core Insights - Steel Dynamics, Inc. (STLD) is a prominent steel producer and metal recycler with a market cap of $22.7 billion, offering products such as flat-rolled steel sheet and structural beams [1] - STLD's stock has underperformed the broader market over the past year, gaining 12.8% compared to the S&P 500 Index's 13.2% increase, but has outperformed on a year-to-date basis in 2025 with a 36.2% rise versus the S&P 500's 14.5% [2] - Compared to the VanEck Steel ETF (SLX), which gained about 16% over the past year, STLD's year-to-date performance of 34.9% is stronger [3] Financial Performance - On October 20, STLD reported Q3 results with an EPS of $2.74, exceeding Wall Street's expectation of $2.66, and revenue of $4.8 billion, surpassing forecasts of $4.7 billion [4] - For the current fiscal year ending in December, analysts project STLD's EPS to decline by 13.8% to $8.48 on a diluted basis, with a mixed earnings surprise history [5] Analyst Ratings - Among 13 analysts covering STLD, the consensus rating is a "Moderate Buy," consisting of eight "Strong Buy" ratings, one "Moderate Buy," and four "Holds" [5] - A recent downgrade by UBS analyst Andrew Jones to a "Neutral" rating has set a price target of $165, indicating a potential upside of 6.2% from current levels, while the mean price target of $167.42 suggests a 7.7% premium [6]