The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

STLD

Concerning the House

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, large unequal leg angles, and reinforcing steel bars, standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agricultural equipment, energy, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, joist girders, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, property owners, brokers, and governmental entities. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

United States · www.steeldynamics.com

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$18.80B+10.2%
Gross profit$2.39B+11.8%
Operating income$3.15B+10.0%
Net income$1.19B+103.5%
Cash from ops$1.45B+7.3%
Quotation

$260.53

-2.65 (-1.0%)

52w hi$282.12
52w lo$123.97
Vol587.19K
As ofAug 13
The Verdict

Hold

Our score +0.33

Short+0.29
Medium+0.29
Long+0.51

computed 2026-08-13

By the Numbers

Steel Dynamics, Inc.

Basic Materials · Steel

Market cap$37.34B
Enterprise value$41.49B
Trailing P/E23.62x
Forward P/E13.70x
EV / EBITDA15.51x
P / S (ttm)1.82x
Profit margin7.8%
Return on equity17.6%
Revenue growth+33.4%
Earnings growth+83.6%
Debt / equity46.92
Risk Metrics
Beta vs SPX1.20
Corr SPX0.53
Annual vol36.9%
Annual ret+45.4%
Sharpe1.23
Max DD-29.2%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.43
Sector+0.03
Technical+0.25
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$264.85$264.85$259.50$260.53587.19K
Aug 12$264.88$264.88$260.24$263.18706.00K
Aug 11$267.89$271.00$263.04$263.69925.80K
Aug 10$262.71$269.18$261.70$268.601.23M
Aug 7$261.37$262.76$255.80$262.45995.00K