Steel Dynamics, Inc. (STLD)

In the past six months, Steel Dynamics' stock has increased by 15.3% (as of June 2025). The company's revenue and net profit have shown increases for the last two quarters. In Q3 2024, STLD's shares closed up 4% following a better-than-expected earnings release, despite lower average realized steel prices. The company provided lower earnings guidance for Q4 2024, attributing it to lower average realized pricing, seasonally lower shipments, and an unplanned outage. Flat rolled steel prices stabilized, and underlying steel demand remained seasonally steady. Steel Dynamics also repurchased $250 million of common stock in Q4 2024. For Q2 2025, the company has provided earnings guidance showing improvement from Q1 2025, though it is expected to be lower than Q2 2024.

Demand for Steel Dynamics' products is subject to seasonality, with construction activities peaking during spring and summer and slowing down in winter. Agricultural equipment manufacturing and holiday periods also contribute to seasonal fluctuations. Historically, the July to September quarter often sees weaker steel demand due to monsoon seasons, and the fourth quarter typically experiences seasonally lower shipments. However, Steel Dynamics anticipates increased demand across its operating platforms in 2025, driven by factors such as the continued onshoring of manufacturing, robust U.S. infrastructure projects, and the Inflation Reduction Act programs.

Steel Dynamics, Inc. is an American steel producer and metals recycler in the Basic Materials sector, specifically the Iron & Steel industry. The company's operations include steel production, metals recycling, steel fabrication, and aluminum operations, utilizing electric arc furnace (EAF) technology. Its products include hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, and specialty steel sections. These products serve various industries such as construction, automotive, manufacturing, and energy.

Steel Dynamics primarily operates in the United States and Mexico, with strategically located facilities. Its steel fabrication operations have a national operating footprint in the U.S. The company's aluminum operations include a new recycled aluminum flat rolled products mill under construction in Columbus, Mississippi, and two supporting satellite recycled aluminum slab centers in Arizona and Mexico.

Steel Dynamics has maintained a strong brand reputation, being named one of the "World's Most Admired Companies" by Fortune for the eighth consecutive year in 2025. This recognition is based on a survey evaluating corporate reputation across nine key attributes, including innovation, people management, social responsibility, and quality of products and services. No specific events negatively impacting Steel Dynamics' reputation in the past year were found.

Steel Dynamics, Inc. has an ownership structure that includes institutional, retail, and individual investors. Institutional investors hold a significant portion of the company's stock, ranging from approximately 40.96% to 84% in various reports, and more recent data indicating around 67.73% to 82.07% institutional ownership. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., State Street Corp, Price T Rowe Associates Inc /md/, Geode Capital Management, Llc, Capital Research Global Investors, and Holocene Advisors, LP. Among individual owners, Richard P. Teets Jr. owns 3.54% of the company's shares, and Mark Millett, the CEO, holds 1.6% of the shares.