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Barchart
Barchart
Sohini Mondal

Are Wall Street Analysts Bullish on Steel Dynamics Stock?

Fort Wayne, Indiana-based Steel Dynamics, Inc. (STLD) is one of the leading steel producers and metal recyclers in the United States. With a market cap. of $29.1 billion, it operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations segments.

Shares of STLD have outperformed the broader market over the past 52 weeks. STLD stock has surged 50.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12.9%. Moreover, shares of Steel Dynamics are up 17.7% on a YTD basis, compared to SPX's marginal decline.

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