Indiana-based Steel Dynamics, Inc. (STLD) is a steel producer and metal recycler that makes and markets steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products. Valued at a market cap of $18.5 billion, the company operates using a circular manufacturing model, producing lower-carbon-emission, quality steel using electric arc furnace (EAF) technology with recycled ferrous scrap as the primary input.
Companies worth $10 billion or more are generally described as “large-cap” stocks and Steel Dynamics fits right into that category, with its market cap exceeding this threshold. As a leading diversified steel producer and metals recycler, the company has an estimated steelmaking and coating capacity of 13 million tons, located throughout the United States and Mexico.
