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STLD · Steel Dynamics Inc

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$222.90 +1.01 (+0.45%) At close · Nov 6
Market Cap
$31.70B
Shares
142.22M
Volume · Nov 6 971.3K Avg daily vol (3M) 1.07M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$222.90 Open$224.66 Day$222.53–229.75 52W close$151.94–282.76 Avg vol 30d1.0M Short int3.9M · 2.7% of shares · 5.0d Short vol57% Last earningsOct 20, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 23

Up next

Dec 5, 2026 Est · unconfirmed · in 4 wks

Latest documents

2026
Oct 23
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3

Steel Dynamics, Inc. reported third-quarter 2026 operating income of $1.0 billion, up 98%, and net income of $756.0 million, up 87%, while record total steel shipments reached 3.8 million tons.

Read from the MD&A section
Oct 20
Earnings call
Q3 2026 earnings call

Steel Dynamics reported third-quarter 2026 net income of $756 million, adjusted EBITDA of $1.2 billion and record steel shipments of 3.8 million tons. Aluminum operations’ issue was resolved, and volume and profitability are expected to improve sharply in the fourth quarter.

Oct 20
Current report 8-K Events of Oct 19
Financial results

Steel Dynamics reported third quarter 2026 net sales of $6.5 billion, net income of $756 million and record steel shipments of 3.8 million tons; cash flow from operations was $846 million, liquidity was $2.4 billion and share repurchases were $276 million.

Oct 19
Current report 8-K
Other events

Steel Dynamics promoted Chad Bickford, Jeff Hansen, and William T. (Tommy) Scruggs to Senior Vice President effective October 1, 2026, and named Daniel Keown Senior Vice President, Yury Krotov Vice President, and Dominic Freiburger Vice President and Treasurer effective November 1, 2026.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$22.22B
Trailing 12 months
Net income (TTM)
$1.96B
Trailing 12 months
Revenue growth YoY
+34.8%
Year over year
Operating margin
11.5%
Trailing 12 months
P / E (TTM)
16.4
Trailing earnings · reciprocal yield 6.1%
FCF yield
3.5%
TTM · current market cap
Return on invested capital
15.3%
Trailing 12 months
Net cash
−$3.28B
Latest balance sheet
Dividend yield
0.9%
Trailing 12 months
Shares change YoY
-2.7%
Year over year · fewer shares
Price change (1Y)
+44.0%
Trailing year
Short interest
2.7%
Latest settlement · 5.0 days to cover
View all 125 metrics

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Sell Momentum Weak Sentiment Bullish Fundamentals Fair Quant / Vol High
Market backdrop VIX 28.2 · fear Equity put/call 0.89
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −1%
below
Price vs 50-day avg −6%
below
RSI (14) 36
neutral
MACD trend Negative
52-week position 54%
mid-range
Momentum
relative strength
Weak
1-month return −6%
trailing
6-month return −2%
trailing
YTD return +32%
this year
Relative strength −2%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $238 › 200d $225 — 50d above 200d
Institutional flow Accumulating
539 of 1,033 funds reported for Sep 30 · net +440.7K sh shares · +59 new
Insider flow Distributing
Net -$12.4M over 90 days · 100% sells
Short interest Falling
2.73% of shares out · ▼ -3.3% MoM · 5.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
1,033 holders — near 3-yr high, broad support
Squeeze score 56
elevated · 0–100
Fundamentals
Fair
Revenue growth +21%
Y/Y
Gross margin 11%
contracting
EPS growth −19%
Y/Y
Free cash flow $501.5M
Buyback $801.0M
remaining
Balance sheet $3.4B
net debt
Quant / Vol
risk profile
High
Volatility 36%
annualized · 1-yr
Max drawdown −23%
past year
ATR 4.6%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Jul 20, 2026
second half of 2026
Capital investments $300M – $350M
through-cycle annual
Through-cycle annual EBITDA capability at least $1.4B
normalized market conditions
Through cycle EBITDA Non-GAAP $650M – $700M
Metals recycling platform Non-GAAP $40M – $50M
exit 2026
Monthly production rate at least 90%
CAPEX at Columbus $10M – $20M
Sourcing UBCs from the West Coast 60% – 70%
going to rise
CAPEX at Columbus $10M – $20M
next year
CapEx $500M – $600M
2027
Sustained capital $250M – $300M
exiting the year
90% utilization rate at least 90%
Previous outlook earlier release · from the Earnings Call filed Apr 20, 2026

Still-open targets the latest release did not restate under the same label.

Total capital investments · entirety of 2026 $600M
Through-cycle EBITDA expectation for normalized markets · through-cycle $650M – $700M
Through-cycle EBITDA contribution from recycling platform · through-cycle $40M – $50M
Projected future through-cycle EBITDA contribution · through-cycle $1.4B
Planned optimized product mix · sometime in 27 45%
Planned optimized product mix - automotive · sometime in 27 35%
Monthly capacity rate · exiting 2026 90%
Planned optimized product mix - industrial · sometime in 27 20%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
2 · 4 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−1% Neutral
Price vs 50-day avg
−6% Bearish
RSI (14)
36 Neutral
MACD trend
Negative Bearish
52-week position
54% Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $238 › 200d $225 — 50d above 200d
Institutional flow Accumulating
539 of 1,033 funds reported for Sep 30 · net +440.7K sh shares · +59 new
Insider flow Distributing
Net -$12.4M over 90 days · 100% sells
Short interest Falling
2.73% of shares out · ▼ -3.3% MoM · 5.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
1,033 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $152 Now $223 · 54% Range high $283
vs 200-day avg -1% vs 50-day avg -6%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Steel — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
STLD
Steel Dynamics Inc
this stock
$31.70B +31.5% +20.9% 16.5 2.7%
NUE
Nucor Corp
$56.31B +50.2% +5.7% 19.8 2.1%
MT
ArcelorMittal
$45.43B +33.8% — — 0.0%
RS
Reliance, Inc.
$21.50B +44.4% -13.0% 19.7 2.3%
PKX
Posco Holdings Inc.
$14.89B -8.1% — — 0.3%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
1,063
% held
85.4%
Reported
539 of 1,033
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
883
View
Short & Settlement
Short Interest Falling
Shares short
3.9M
Days to cover
5.0d
Change
-131.3K sh
View
Short Volume
Short vol %
57%
As of
Nov 6, 2026
Short Total
View
Fails to Deliver
FTD shares
87
Value
$20.5K
As of
Sep 25, 2026
View
Off-Exchange
Off-exchange %
42.1%
Week of
Sep 28, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$12.4M
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Buy
Member
Alan Armstrong
Amount
$1.0K–$15.0K
Traded
Mar 27, 2026
View
Financials
Financials
Revenue (FY)
$18.2B
Net income (FY)
$1.2B
EPS diluted
$7.99
View
Buybacks
Authorized
$1.5B
Remaining
$801.0M
Spent Remaining
View
Filings
SEC Filings
Latest
10-Q
Filed
Oct 23, 2026
This year
23

Steel Dynamics, Inc. reported third-quarter 2026 operating income of $1.0 billion, up 98%, and net income of $756.0 million, up 87%, while record total steel shipments reached 3.8 million tons.

View
Proposed Sales
Value
$12.4M
Shares
50.0K
Filed
Nov 3, 2026
View
Earnings & Events
Webcasts
Last webcast
Oct 20, 2026
View
Investor Relations
Latest news
Reminder: Steel Dynamics Announce…
Published
Oct 20, 2026
View

Performance

5D 20D 120D MTD YTD
STLD -11.1% -6.5% -2.5% -11.1% +31.5%
SPY -2.7% -5.6% -0.5% -2.7% +7.8%
vs SPY -8.4% -0.9% -2.0% -8.4% +23.7%

Capital returns

Latest dividend
$0.53 / share · ex Sep 30, 2026
Raised 6%
Paid (TTM)
$2.09 / share · 4 payouts
Dividend yield (TTM, derived)
0.94%
Full dividend history
Buyback program · as of Dec 31, 2025
Authorized
$1.50B
Spent (derived)
$699.00M
Remaining
$801.00M
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1022671 CUSIP 858119100 13F (30d) 541 filings 496 filers Visit website Investor relations