Kritika Sarmah
2 min read
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Fort Wayne, Indiana-based Steel Dynamics, Inc. (STLD) operates as a steel producer and metal recycler in the United States. With a market cap of $19.6 billion, the company operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations.
Companies worth $10 billion or more are typically referred to as "large-cap stocks." STLD fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the steel industry. STLD benefits from being one of the leading steel producers and metal recyclers in the United States and being one of the most diversified steel companies with a vast range of specialty products.
Despite its strengths, the stock has plunged 14.4% from its 52-week high of $155.56 touched on Nov. 6, 2024. Moreover, over the past three months, STLD stock has grown 6.6%, outperforming the S&P 500 Index’s ($SPX) 5.4% uptick during the same time frame.
STLD stock has grown 16.7% on a YTD basis, outperforming SPX’s 1.7% uptick in 2025. However, STLD has surged 5.2% over the past 52 weeks, underperforming SPX’s 9.3% gains.
To confirm a bullish trend, STLD has been trading mostly above its 200-day and 50-day moving averages since late April.
STLD shares grew 3.4% following the release of its Q1 earnings on Apr. 22. The steel producer and metals recycler posted revenue of $4.37 billion in the period, which beat Street forecasts. Moreover, its adjusted EPS of $1.44 for the quarter beat the consensus estimates by 2.9%.
Within the steel arena, rival Nucor Corporation (NUE) has grown 4.7% in 2025 but has declined 22.4% over the past year, underperforming the stock.
Among the 12 analysts covering the STLD stock, the consensus rating is a “Strong Buy.” Its mean price target of $147.91 suggests a modest 11.1% upside potential from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
