Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €189, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €309 per share. Declared Dividend • Aug 19
Dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 29th September 2026 Payment date: 9th October 2026 Dividend yield will be 0.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Aug 15
Steel Dynamics Announces Third Quarter 2026 Cash Dividend, Payable on or About October 9, 2026 Steel Dynamics, Inc. announced that the company's board of directors declared a third quarter cash dividend of $0.53 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2026, and is payable on or about October 9, 2026. Reported Earnings • Jul 21
Second quarter 2026 earnings released: EPS: US$3.71 (vs US$2.01 in 2Q 2025) Second quarter 2026 results: EPS: US$3.71 (up from US$2.01 in 2Q 2025). Revenue: US$6.09b (up 33% from 2Q 2025). Net income: US$534.1m (up 79% from 2Q 2025). Profit margin: 8.8% (up from 6.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €193, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €352 per share. New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Significant insider selling over the past 3 months (€6.5m sold). Recent Insider Transactions • Jun 09
Insider recently sold €2.3m worth of stock On the 5th of June, James Anderson sold around 10k shares on-market at roughly €233 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €9.0m more than they bought in the last 12 months. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Jennifer Hamann was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Mar 30
Steel Dynamics, Inc., Annual General Meeting, May 06, 2026 Steel Dynamics, Inc., Annual General Meeting, May 06, 2026. Location: at the fort wayne country club, 5221 covington road, indiana, 46804., fort wayne, United States Duyuru • Mar 28
Steel Dynamics, Inc. Announces Board Retirements, Effective May 6, 2026 Steel Dynamics, Inc. announced On March 25, 2026, each of Richard P. Teets, Jr. and Gabriel L. Shaheen, members of the Board of Directors (the “Board”) of Steel Dynamics, Inc. (the “Company”), informed the Board of his respective intention to retire from the Board at the end of the current term and not stand for reelection effective as of the Company’s 2026 Annual Meeting of Shareholders taking place on May 6, 2026. Duyuru • Feb 21
Steel Dynamics, Inc. Announces First Quarter 2026 Cash Dividend, Payable on or About April 10, 2026 Steel Dynamics, Inc. announced that the company's board of directors declared a first quarter cash dividend of $0.53 per common share, representing a 6% increase over the company's 2025 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2026, and is payable on or about April 10, 2026. Duyuru • Jan 05
SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion. SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion on December 12, 2025. A cash consideration of AUD 30 per share will be paid by SGH Limited and Steel Dynamics, Inc. The proposal would see SGH acquire all of BlueScope’s shares and then on-sell BlueScope’s North American businesses to Steel Dynamics. Both SGH and SDI will utilize this support to fund their respective transaction contribution through existing cash reserves and available debt financing.
The Indicative Proposal is subject to a number of conditions, including: exclusivity; due diligence; securing significant debt financing, no material adverse change in BlueScope’s business; a unanimous recommendation from the Board of BlueScope; approval of BlueScope shareholders; no further share buy-back being undertaken by BlueScope; final approval from the Boards of the respective Consortium members; and necessary regulatory approvals.
UBS acted as financial advisor for BlueScope Steel Limited. Herbert Smith Freehills Kramer acted as legal advisor for BlueScope Steel Limited. Duyuru • Dec 02
Steel Dynamics, Inc. (NasdaqGS:STLD) acquired remaining 55% stake in New Process Steel, L.P. Steel Dynamics, Inc. (NasdaqGS:STLD) entered into a definitive agreement to acquire remaining 55% stake in New Process Steel, L.P. on August 19, 2025. Upon completion, Steel Dynamics, Inc. will own 100% stake in New Process Steel, L.P.
This transaction is subject to customary closing conditions and receipt of regulatory approvals.
Steel Dynamics, Inc. (NasdaqGS:STLD) completed the acquisition of remaining 55% stake in New Process Steel, L.P. on December 1, 2025. Duyuru • Nov 12
Steel Dynamics, Inc. Appoints Matt Bell as Head of Its Metals Recycling Platform Effective November 11, 2025 Steel Dynamics, Inc. announced the appointment of Matt Bell as the company's head of its metals recycling platform effective November 11, 2025. Matt Bell will assume responsibility and oversight for the company's metals recycling platform as the Vice President of Metals Recycling and the President of OmniSource. Since 2023, Mr. Bell has served as Vice President of Commercial for OmniSource, responsible for developing and implementing its ferrous purchasing and sales growth strategies, including optimizing the scrap supply for the company's steel operations. Since joining the company in 2016, Mr. Bell has held increasingly impactful leadership roles within the metals recycling platform in operations, commercial, and marketing responsibilities. Prior to joining the company, he held various leadership positions in the metals recycling industry. Duyuru • Nov 07
Steel Dynamics, Inc. Announces Cash Dividend for fourth Quarter of 2025 , Payable on or About January 9, 2026 Steel Dynamics, Inc. announced that the company's board of directors declared a fourth quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2025 and is payable on or about January 9, 2026. Duyuru • Oct 27
Steel Dynamics, Inc. Launches Lower-Embodied-Carbon Steel Products BIOEDGE and EDGE Steel Dynamics, Inc. announced lower-embodies-carbon steel product offerings, BIOEDGE™ and EDGE™, to support customers in achieving their greenhouse gas emissions reduction and sustainability initiatives. BIOEDGE and EDGE are lower-embodied-carbon steel products produced exclusively with electric arc furnace (EAF) technology. Additionally, the steel is matched with Green-e Energy certified renewable energy certificates or emission-free nuclear energy certificates, significantly reducing Scope 2 emissions. BIOEDGE further reduces embodied carbon in the EAF steelmaking process, utilizing renewable biocarbon as a replacement for anthracite, significantly reducing Scope 1 emissions. BIOEDGE offers an innovative supply-chain solution for companies seeking to meaningfully decarbonize their supply chains without compromising performance or quality. The EDGE family of steel products will be available across the company's steel operations. The company anticipates immediate interest from automotive and construction customers, and from across the renewable energy and infrastructure sectors. The renewable biocarbon used to produce BIOEDGE will be sourced exclusively from SDI Biocarbon Solutions, which is 75%-owned by Steel Dynamics and 25%-owned by Aymium, a leading producer of biocarbon globally. Duyuru • Aug 19
Steel Dynamics, Inc. (NasdaqGS:STLD) entered into a definitive agreement to acquire remaining 55% stake in New Process Steel, L.P. Steel Dynamics, Inc. (NasdaqGS:STLD) entered into a definitive agreement to acquire remaining 55% stake in New Process Steel, L.P. on August 19, 2025. Upon completion, Steel Dynamics, Inc. will own 100% stake in New Process Steel, L.P.
This transaction is subject to customary closing conditions and receipt of regulatory approvals. Duyuru • Aug 14
Steel Dynamics, Inc. Announces Third Quarter 2025 Cash Dividend, Payable on or About October 10, 2025 Steel Dynamics, Inc. announced that the company's board of directors declared a third quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2025 and is payable on or about October 10, 2025. Duyuru • May 10
Steel Dynamics, Inc. Announces Executive Changes Steel Dynamics, Inc. announced operational senior leadership transitions for Glenn Pushis and Miguel Alvarez. Glenn Pushis, Senior Vice President Special Projects: Glenn Pushis will be retiring from Steel Dynamics effective October 1, 2025, to pursue a position as the Chief Executive Officer of McBride Capital Partners "Project Aero", a U.S. based company that plans to construct a titanium manufacturing facility in North Carolina. Post October 1, 2025, he will continue to provide consulting services to Steel Dynamics through commissioning of the company's new aluminum flat rolled facilities during the year. Mr. Pushis joined Steel Dynamics in 1994. Most recently, he was responsible for the successful design and construction of the company's new 650,000 metric ton state-of-the-art lower-carbon, recycled aluminum flat rolled products mill in Columbus, Mississippi with two satellite recycled aluminum slab centers in the Southwestern United States and Northcentral Mexico. From 2019 until 2022, Mr. Pushis was responsible for the successful design and construction of the company's Sinton Flat Roll Division, developed to serve the Southwestern United States and Mexico. He has extensive experience in this capacity and has been instrumental in numerous construction projects for Steel Dynamics since its founding. Prior to that, Mr. Pushis served as Senior Vice President, Long Products Steel Group, responsible for the company's four long product steel mills. Mr. Pushis has held various operational and leadership roles, including roles within the Engineered Bar Products Division and the Butler Flat Roll Division. He was also part of the team that constructed the company's first steel mill in Butler, Indiana. Miguel Alvarez, Senior Vice President Aluminum Group: Miguel Alvarez will assume responsibility and oversight for the company's aluminum operations, effective October 1, 2025. These responsibilities include leadership of the company's new strategic aluminum investments which are currently being commissioned under Mr. Pushis' leadership, as well as an ancillary recycled aluminum deox-rod facility. Mr. Alvarez joined the company in 2019 as Senior Vice President, Southwest U.S. and Mexico to support the company's steel and metals recycling growth strategy in that region, where he utilized his extensive knowledge of flat rolled steel operations and gained considerable knowledge of the metals recycling business. Based on his success, he was promoted to lead the company's metals recycling platform in March 2022, where he has led the transformation and growth of this platform. Prior to joining Steel Dynamics, Mr. Alvarez held numerous senior leadership positions within the steel industry beginning in 2004. The company has an intentional leadership development and succession process and will announce the new senior leader for its metals recycling platform in the coming weeks. Duyuru • Apr 29
Steel Dynamics, Inc. Announces Second Quarter 2025 Cash Dividend, Payable on June 30, 2025 Steel Dynamics, Inc. announced that the company's board of directors declared a second quarter cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2025 and is payable on or about July 11, 2025. 
