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STLD 
Steel Dynamics Inc (STLD)
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Upturn Advisory Summary
12/23/2025: STLD (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
14 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $180.78
1 Year Target Price $180.78
| 7 | Strong Buy |
| 3 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 4.32% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/23/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 26.08B USD | Price to earnings Ratio 23.47 | 1Y Target Price 180.78 |
Price to earnings Ratio 23.47 | 1Y Target Price 180.78 | ||
Volume (30-day avg) 14 | Beta 1.47 | 52 Weeks Range 102.41 - 178.36 | Updated Date 12/23/2025 |
52 Weeks Range 102.41 - 178.36 | Updated Date 12/23/2025 | ||
Dividends yield (FY) 1.12% | Basic EPS (TTM) 7.55 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.39% | Operating Margin (TTM) 10.52% |
Management Effectiveness
Return on Assets (TTM) 5.55% | Return on Equity (TTM) 12.55% |
Valuation
Trailing PE 23.47 | Forward PE 13.77 | Enterprise Value 28679185817 | Price to Sales(TTM) 1.48 |
Enterprise Value 28679185817 | Price to Sales(TTM) 1.48 | ||
Enterprise Value to Revenue 1.63 | Enterprise Value to EBITDA 14.24 | Shares Outstanding 146034859 | Shares Floating 136325001 |
Shares Outstanding 146034859 | Shares Floating 136325001 | ||
Percent Insiders 6.43 | Percent Institutions 81.2 |
Upturn AI SWOT
Steel Dynamics Inc
Company Overview
History and Background
Steel Dynamics Inc. (SDI) was founded in 1993 by Nucor Corporation veterans, including Keith E. Busse. It was established with a focus on building and operating advanced steel production facilities. A significant milestone was its initial public offering (IPO) in 1996. SDI has evolved into one of the largest domestic steel producers in the United States, known for its lean manufacturing approach, focus on scrap-based electric arc furnace (EAF) technology, and strategic acquisitions and expansions.
Core Business Areas
- Steel Operations: This segment includes the manufacturing and sale of a wide range of steel products, such as hot-rolled steel, cold-rolled steel, coated steel, and structural steel. These products are used in various end markets including construction, automotive, industrial, and energy sectors. SDI utilizes EAF technology which is considered more environmentally friendly and cost-effective than traditional integrated mills.
- Metals Recycling: This segment focuses on the collection, processing, and sale of ferrous and nonferrous metals. It supplies scrap steel to SDI's own steel mills and to other steel producers and foundries. This vertical integration ensures a stable and cost-effective supply of raw materials.
- Steel Processing: This segment encompasses the processing of steel through cutting, slitting, and coating. It provides value-added services to customers, tailoring steel products to specific requirements. This segment also includes SDI's engineered steel products business.
Leadership and Structure
Steel Dynamics Inc. is led by a seasoned management team with extensive experience in the steel industry. The organizational structure is designed to be lean and agile, empowering local management at its various facilities. Key leadership roles include the Chief Executive Officer, President, Chief Financial Officer, and various senior vice presidents overseeing different operational segments.
Top Products and Market Share
Key Offerings
- Description: Steel produced by hot rolling, resulting in a material that is easily worked and shaped. Used extensively in construction and manufacturing. Competitors include Nucor, Cleveland-Cliffs, and imported steel.
- Product Name: Hot-Rolled Steel
- Description: Steel that has been further processed through cold rolling to achieve tighter tolerances, improved surface finish, and greater strength. Primarily used in automotive and appliance manufacturing. Competitors include Nucor, AK Steel (now Cleveland-Cliffs), and imported steel.
- Product Name: Cold-Rolled Steel
- Description: Steel shapes like beams and channels used in the construction of buildings, bridges, and other infrastructure. Competitors include Nucor, Gerdau, and imported steel.
- Product Name: Structural Steel
- Description: Steel coated with materials like zinc (galvanized) or paint for corrosion resistance. Used in construction, appliances, and automotive applications. Competitors include Nucor, Cleveland-Cliffs, and various specialized coating companies.
- Product Name: Coated Steel
Market Dynamics
Industry Overview
The US steel industry is cyclical, influenced by global economic conditions, demand from key sectors like construction and automotive, raw material costs (scrap and iron ore), and trade policies. The industry is undergoing a transition towards more sustainable production methods, with a growing emphasis on EAF technology and recycled materials.
Positioning
Steel Dynamics Inc. is a leading player in the US steel market, particularly strong in flat-rolled steel and structural steel. Its competitive advantages include its advanced EAF technology, diversified product portfolio, integrated metals recycling operations, efficient operational structure, and a strong focus on customer service and value-added products.
Total Addressable Market (TAM)
The total addressable market for steel products in the US is substantial, driven by infrastructure development, manufacturing, and consumer goods. While precise TAM figures fluctuate with economic cycles, it is estimated to be in the hundreds of billions of dollars annually. Steel Dynamics Inc. is well-positioned to capture a significant portion of this market, particularly in its core segments, through its advanced manufacturing capabilities and strategic market focus.
Upturn SWOT Analysis
Strengths
- Advanced EAF technology for efficient and cost-effective production.
- Vertically integrated metals recycling operations providing a stable raw material supply.
- Diversified product portfolio catering to multiple end markets.
- Lean operational structure and strong focus on cost management.
- Strategic acquisitions and greenfield expansions to increase capacity and market reach.
- Strong balance sheet and financial discipline.
Weaknesses
- Cyclical nature of the steel industry, making it susceptible to economic downturns.
- Reliance on commodity prices for scrap metal and finished steel.
- Competition from domestic and international producers, including imports.
- Potential for increased regulatory costs related to environmental standards.
Opportunities
- Growing demand for sustainable and recycled steel products.
- Infrastructure spending and government initiatives supporting domestic manufacturing.
- Expansion into higher-margin, value-added steel products.
- Further consolidation within the industry through strategic acquisitions.
- Leveraging technological advancements in steel production and automation.
Threats
- Economic recessions impacting demand from key industries.
- Fluctuations in raw material costs (scrap, energy).
- Trade disputes and imposition of tariffs or quotas on steel imports/exports.
- Intensified competition from lower-cost producers.
- Disruptions in supply chains and labor availability.
Competitors and Market Share
Key Competitors
- Nucor Corporation (NUE)
- Cleveland-Cliffs Inc. (CLF)
- Schnitzer Steel Industries, Inc. (SCHN)
Competitive Landscape
Steel Dynamics Inc. competes in a market characterized by significant players with varying degrees of vertical integration and product specialization. SDI's strengths lie in its advanced EAF technology, operational efficiency, and focus on value-added products, differentiating it from competitors who may rely more on traditional integrated mill processes or have a narrower product focus.
Major Acquisitions
Columbus Steel Castings
- Year: 2021
- Acquisition Price (USD millions): 70
- Strategic Rationale: This acquisition expanded SDI's engineered steel products segment, allowing it to offer more comprehensive solutions to its customers and tap into new markets.
Mexican Steel Business
- Year: 2020
- Acquisition Price (USD millions): 40
- Strategic Rationale: This acquisition provided SDI with toll processing capabilities and a presence in the Mexican market, enhancing its customer service and market reach in North America.
Growth Trajectory and Initiatives
Historical Growth: Steel Dynamics Inc. has demonstrated consistent historical growth, driven by organic expansion of its facilities, strategic acquisitions, and increasing market share. Its revenue and profitability have generally grown in tandem with the steel cycle and its expansion initiatives.
Future Projections: Analyst projections for Steel Dynamics Inc. anticipate continued growth in revenue and earnings, supported by ongoing investments in capacity expansion, product innovation, and favorable market trends. Growth is expected to be driven by demand in construction, infrastructure, and the automotive sectors.
Recent Initiatives: Recent strategic initiatives include significant investments in new EAFs, expansions of existing facilities to increase production of value-added products, and strategic acquisitions to enhance its geographic footprint and product capabilities. The company is also focused on sustainability and reducing its environmental impact.
Summary
Steel Dynamics Inc. is a robust player in the US steel industry, benefiting from its advanced EAF technology and integrated recycling operations. The company's diversified product portfolio and focus on value-added steel positions it well for continued growth. While the cyclical nature of the industry and commodity price fluctuations present challenges, SDI's strong financial management and strategic initiatives provide resilience. Continued investment in innovation and expansion will be key to maintaining its competitive edge.
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Sources and Disclaimers
Data Sources:
- Steel Dynamics Inc. Investor Relations
- Company Annual Reports (10-K)
- Financial news and data providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry research reports
Disclaimers:
This information is for informational purposes only and should not be considered investment advice. Financial data and market share estimates are subject to change and are based on publicly available information. Past performance is not indicative of future results. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Steel Dynamics Inc
Exchange NASDAQ | Headquaters Fort Wayne, IN, United States | ||
IPO Launch date 1996-11-21 | Co-Founder, Chairman & CEO Mr. Mark D. Millett | ||
Sector Basic Materials | Industry Steel | Full time employees 13000 | Website https://www.steeldynamics.com |
Full time employees 13000 | Website https://www.steeldynamics.com | ||
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, energy, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. 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. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, girders, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, owners, brokers, and governmental entities. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.
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