Steel Dynamics (STLD)
Runs EAF steel mills, scrap recycling, construction fabrication, and recycled-aluminum rolling.
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Produces flat-rolled and long steel in electric-arc furnaces, processes ferrous and nonferrous scrap, and fabricates joists and deck for non-residential construction. A ramping aluminum platform extends the recycled-input model into beverage, automotive, and industrial sheet.
Produces flat-rolled sheet, structural sections, rail, engineered bar, merchant bar, and rebar through electric-arc-furnace steel mills, then adds coating, processing, threaded rod, and other downstream services. OmniSource recycles and brokers ferrous and nonferrous scrap, while New Millennium Building Systems fabricates joists, girders, and deck for non-residential construction. Aluminum Dynamics is ramping recycled-content flat-rolled aluminum for beverage, automotive, and industrial markets.
Operations span the United States and Mexico. The circular manufacturing model links scrap collection to steel and aluminum mills and sends steel into company-owned processing and fabrication businesses, supporting raw-material access and internal demand. Results remain exposed to cyclical metal pricing, scrap and energy availability, imports, construction and manufacturing demand, environmental permits, and the aluminum platform's production ramp and concentrated customer base.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Wells Fargo | Reiterate | Rating: —Target: $275 | Target: $257 |
| Aug 10, 2026 | UBS | Reiterate | Rating: —Target: $165 | Target: $276 |
| Jul 29, 2026 | Goldman Sachs | Target | Target: $172 | Target: $300 |
| Jul 22, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $270 | Target: $260 |
| Jul 22, 2026 | Wells Fargo | Reiterate | Rating: —Target: $291 | Target: $275 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $567.7M · Total debt $4.18B · Total assets $17.11B · Shareholders' equity $9.42B
- Revenue
- $6.09B
- Operating income
- $765.5M
- Net income
- $534.1M
HistoryDividendAnnual yieldUpcoming
| Institutions | 84.10% | 120.55M shares | |
|---|---|---|---|
| 1,067 holders · as of Jun 30, 2026 | |||
| Insiders | 6.72% | 9.63M shares | |
| 19 holders · as of Aug 14, 2026 | |||
| Other | 9.18% | 13.16M shares | |
| remainder | |||
143.33M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.65% | 12.40M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.21% | 8.90M | as of Jun 30, 2026 |
FMR LLCInstitution | 5.39% | 7.72M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.15% | 7.38M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.71% | 6.76M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | James Stanley Anderson | officer: Senior Vice President | −10,000 | $268.70 |
| May 13, 2026 | Christopher A. Graham | officer: Senior Vice President | −9,000 | $236.81 |
| May 12, 2026 | Richard A. Poinsatte | officer: Senior Vice President | −2,300 | $234.11 |
| Apr 23, 2026 | Kenneth W. Cornew | director | −5,000 | $224.87 |
| Apr 23, 2026 | Miguel Alvarez | officer: Senior Vice President | −4,825 | $225.58 |
- Nucor
North America largest EAF steelmaker, mirroring STLD across all steel segments.
- Cleveland-Cliffs
Largest US flat-roll producer; head-to-head on automotive and coated sheet.
- Commercial Metals
US EAF long-products leader in rebar, merchant bar, and downstream fabrication.
- ArcelorMittal (ADR)
Global steel giant; North American flat-roll via fully owned Calvert, Alabama.
- Ternium (ADR)
Mexico/LatAm flat-roll leader; direct overlap with STLD's Sinton Texas mill.
- Constellium
Global aluminum flat-rolled leader in can sheet and automotive body sheet.
- Kaiser Aluminum
North American specialty aluminum flat-rolled and extruded products producer.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Steel Dynamics | $234.50 | +0.18% | $32.96B | 20.9 | 10.9 | 1.6 | +33.4% |
| Nucor | $246.00 | +0.13% | $55.20B | 19.3 | 11.6 | 1.5 | +23.0% |
| Cleveland-Cliffs | $12.57 | +0.27% | $6.89B | — | 20.3 | 0.4 | +5.9% |
| Commercial Metals | $65.00 | −0.06% | $7.08B | 12.0 | 9.2 | 0.8 | +22.9% |
| ArcelorMittal (ADR) | $74.49 | +0.96% | $55.21B | 30.7 | — | 0.9 | +5.2% |
| Ternium (ADR) | $55.34 | −1.90% | $11.16B | 15.7 | 7.9 | 0.7 | +10.0% |
| Constellium | $25.90 | +2.13% | $3.46B | 6.6 | 9.6 | 0.4 | +11.5% |
| Kaiser Aluminum | $153.85 | −0.01% | $2.47B | 11.2 | 14.7 | 0.6 | +52.7% |
| Median | 13.9 | 10.6 | 0.7 | +11.5% |