Valued at a market cap of $21.9 billion, Steel Dynamics, Inc. (STLD) is one of the largest steel producers and metal recyclers in the United States. The Fort Wayne, Indiana-based company operates through three primary segments: steel production, metal recycling, and steel fabrication. It specializes in producing flat-rolled, structural, and engineered steel products, serving industries such as automotive, construction, and manufacturing.
Steel Dynamics may have trailed the S&P 500 Index’s ($SPX) 22.5% returns over the past year with a 12.8% climb, but 2025 has been a different story. The stock has skyrocketed 21.9% year-to-date, crushing the S&P 500’s 4.2% rise.
