Steel Competitors

STLD Stock

USD 174.38 1.27 0.72%

Steel Dynamics competes with Nucor Corp, Reliance Steel, POSCO Holdings, PPG Industries, and ArcelorMittal; as well as few others. The company conducts business under Metals & Mining sector and is part of Materials industry. Analyzing Steel Dynamics competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Steel Dynamics to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Steel Dynamics Correlation with its peers.

For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.

Steel Dynamics vs Kinross Gold Correlation

Poor diversification

The correlation between Steel Dynamics and KGC is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Steel Dynamics and KGC in the same portfolio, assuming nothing else is changed.

Moving together with Steel Stock

0.66

JNJ

Johnson Johnson

Pair Corr

Moving against Steel Stock

0.57	MAPSW	WM Technology	Pair Corr
0.53	PCTTW	PureCycle Technologies	Pair Corr
0.47	T	ATT Inc Earnings Call This Week	Pair Corr
0.41	HPQ	HP Inc	Pair Corr
0.38	MSFT	Microsoft	Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
172.62	174.38	176.14

Details

Intrinsic

Valuation

Low	Real	High
156.94	183.94	185.70

Details

Naive

Forecast

Low	Next	High
174.92	176.68	178.44

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
166.63	173.34	180.06

Details

Steel Dynamics Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Steel Dynamics and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Steel and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Steel Dynamics does not affect the price movement of the other competitor.

	NUE	RS	PKX	PPG	MT	TECK	NTR	TX	AMRZ	KGC
NUE		0.9	0.33	0.5	0.51	0.48	0.48	0.56	0.66	0.56	NUE
RS	0.9		0.54	0.67	0.66	0.66	0.64	0.73	0.65	0.73	RS
PKX	0.33	0.54		0.73	0.74	0.73	0.77	0.78	0.2	0.81	PKX
PPG	0.5	0.67	0.73		0.97	0.93	0.92	0.96	0.69	0.95	PPG
MT	0.51	0.66	0.74	0.97		0.93	0.92	0.95	0.66	0.96	MT
TECK	0.48	0.66	0.73	0.93	0.93		0.88	0.94	0.66	0.93	TECK
NTR	0.48	0.64	0.77	0.92	0.92	0.88		0.91	0.55	0.92	NTR
TX	0.56	0.73	0.78	0.96	0.95	0.94	0.91		0.62	0.97	TX
AMRZ	0.66	0.65	0.2	0.69	0.66	0.66	0.55	0.62		0.57	AMRZ
KGC	0.56	0.73	0.81	0.95	0.96	0.93	0.92	0.97	0.57		KGC
	NUE	RS	PKX	PPG	MT	TECK	NTR	TX	AMRZ	KGC

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Steel Stock performing well and Steel Dynamics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Steel Dynamics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NUE	1.39	0.34	0.20	2.00	1.17	(1.56)	3.86	(2.45)	8.47
RS	0.96	0.24	0.22	0.36	0.68	(1.07)	2.67	(1.55)	5.44
PKX	1.94	0.26	0.09	(0.53)	1.92	(2.20)	5.01	(3.37)	18.39
PPG	1.01	0.24	0.22	0.28	0.86	(1.17)	2.51	(1.65)	5.78
MT	1.40	0.62	0.48	0.94	0.68	(1.76)	3.96	(1.47)	6.19
TECK	1.90	0.40	0.18	0.30	1.99	(2.12)	4.10	(3.73)	8.88
NTR	1.59	0.44	0.23	1.23	1.44	(1.78)	3.45	(2.43)	10.08
TX	1.19	0.33	0.24	0.96	0.94	(1.42)	2.69	(1.55)	6.55
AMRZ	1.41	(0.02)	0.01	0.04	1.50	(1.66)	3.30	(2.58)	7.17
KGC	2.00	0.73	0.27	0.93	1.90	(2.28)	5.44	(3.86)	12.38

Steel Dynamics Competitive Analysis

The better you understand Steel Dynamics competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Steel Dynamics' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Steel Dynamics' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	STLD	NUE	RS	PKX	PPG	MT	TECK	NTR	TX	AMRZ
	0.72 174.38 Steel	0.23 173.18 Nucor	1.97 332.29 Reliance	4.61 61.73 POSCO	2.24 116.51 PPG	1.03 56.04 ArcelorMittal	0.73 56.85 Teck	0.66 71.13 Nutrien	0.35 43.56 Ternium	1.03 53.64 Amrize
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Fair	Good	Solid	Mild	Solid	Strong	Solid	Solid	Solid	Soft
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Under Valued	Under Valued	Over Valued	Under Valued	Under Valued	Under Valued	Under Valued	Under Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Buy	Buy	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Buy	Strong Hold	Strong Buy	Strong Sell	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Hold
Current Ratio	3.67	3.1	3.25	2.01	1.52	1.62	1.65	1.21	4.21	N/A
Net Asset	16.41 B	35.1 B	10.02 B	103.4 T	7.96 B	89.39 B	47.04 B	51.84 B	23.13 B	23.8 B
Profit Margin	0.0652	0.0537	0.0523	0.0065	0.0993	0.0423	0.12	0.0705	0.0372	0.11
EBITDA	2.11 B	4.11 B	1.45 B	6.11 T	2.81 B	6.06 B	1.78 B	4.21 B	1.67 B	3.01 B
Operating Margin	0.0703	0.0687	0.0714	0.0367	0.12	0.0409	0.14	0.13	0.0545	-0.0082
Current Valuation	29.09 B	44.15 B	18.54 B	27.81 B	30.75 B	50.33 B	31.29 B	47.22 B	8.01 B	33.58 B
Price To Book	2.86	1.9	2.34	0.5	3.11	0.77	1.51	1.35	0.71	2.2
Retained Earnings	15.69 B	31.5 B	7.33 B	53.66 T	21.99 B	47.25 B	17.06 B	11.11 B	13.25 B	N/A
Current Asset	2.54 B	1.42 B	2.55 B	29.5 T	6.71 B	22.33 B	3.46 B	4.57 B	2.58 B	N/A
Five Year Return	2.23	2.5	2.05	4.01	1.67	1.95	0.84	3.13	4.82	N/A
Beta	1.48	1.88	0.92	1.45	1.16	1.63	1.54	1.16	1.29	N/A
Number Of Employees	13 K	32.7 K	15.9 K	406	46 K	125.42 K	7.2 K	25.5 K	33.95 K	19 K
Shares Outstanding	146.03 M	228.86 M	52.29 M	302.48 M	224.4 M	760.6 M	480.62 M	483.34 M	196.31 M	552.74 M
Cash Flow From Operations	1.45 B	3.23 B	1.43 B	6.66 T	1.42 B	4.85 B	2.79 B	3.54 B	1.91 B	2.28 B
Annual Yield	0.0115	0.0129	0.0147	0.0279	0.0258	0.0099	0.0064	0.0304	0.0622	N/A
Total Debt	4.21 B	7.12 B	1.42 B	26.9 T	7.45 B	11.56 B	9.96 B	12.81 B	1.79 B	5.79 B
Return On Equity	0.13	0.0936	0.0996	0.0018	0.21	0.0472	0.0306	0.0732	0.0285	N/A
Return On Asset	0.0589	0.0481	0.0614	0.0113	0.0603	0.0194	0.0205	0.039	0.0139	N/A
Number Of Shares Shorted	3.61 M	4.71 M	967.29 K	1.18 M	6.03 M	3.04 M	8.71 M	8.34 M	835.32 K	N/A
Book Value Per Share	61.51	91.3	139.46	509.7	34.76	71.75	37.56	51.86	61.01	17.2
Current Liabilities	535.29 M	591.54 M	989.7 M	20.35 T	4.7 B	18.04 B	1.24 B	3.69 B	1.7 B	N/A
Total Asset	16.41 B	35.1 B	10.02 B	103.4 T	7.96 B	89.39 B	47.04 B	51.84 B	23.13 B	23.8 B
Debt To Equity	0.38	0.36	0.27	0.48	1.24	0.17	0.38	0.44	0.096	N/A
Short Ratio	2.72	2.89	3.23	9.38	3.49	2.55	2.38	2.99	4.73	N/A
Target Price	191.28	183.0	324.63	69.46	120.0	49.62	47.85	69.52	39.69	57.94
Last Dividend Paid	2.0	2.21	4.7	17500.0	N/A	0.55	0.5	2.17	2.7	N/A
Shares Owned By Institutions	81.21	77.2	83.1	2.66	88.42	4.43	75.86	73.21	16.45	5.67
Market Capitalization	25.67 B	39.63 B	17.14 B	19.16 B	25.72 B	42.19 B	27.83 B	34.87 B	8.52 B	27.46 B
Price To Earning	4.6	4.73	6.91	3.28	29.97	1.87	5.41	75.49	2.25	N/A
Price To Earnings To Growth	10.91	0.75	1.2	0.89	0.77	0.66	0.96	0.66	4.03	1.59
Price To Sales	1.41	1.22	1.23	3.0E-4	1.62	0.69	2.65	1.36	0.54	2.36
Net Income	1.19 B	2.04 B	878 M	1.09 T	1.38 B	1.38 B	(923 M)	700 M	(53.67 M)	1.27 B
Earnings Per Share	7.98	7.52	13.74	1.11	6.91	3.4	1.81	3.71	2.9	2.55
Shares Owned By Insiders	6.4	3.17	0.34	N/A	0.14	N/A	2.28	0.03	N/A	0.15
Revenue	18.18 B	32.49 B	13.84 B	72.69 T	15.88 B	62.44 B	9.06 B	25.97 B	17.65 B	11.7 B
Working Capital	3.28 B	7.5 B	2.68 B	21.25 T	1.54 B	7.56 B	8.2 B	1.75 B	7.23 B	2.06 B
Cash And Equivalents	2 B	3.56 B	318.1 M	6.76 T	1.27 B	1.1 B	2.64 B	711 M	818.17 M	N/A
Cash Per Share	11.41	13.36	10.97	N/A	4.67	6.21	5.15	1.32	13.97	N/A
Gross Profit	2.39 B	3.88 B	4.05 B	5.2 T	6.56 B	5.82 B	2.21 B	8.04 B	2.19 B	3.02 B
Day Typical Price	174.69	172.91	330.93	61.79	115.74	55.87	56.61	71.58	43.48	53.58
Accumulation Distribution	0.0193	0.0222	4511.97	15430.93	59498.2	0.0135	0.0215	73566.11	7302.49	0.018
Market Facilitation Index	3.4	3.88	0.0	0.0	0.0	0.76	1.23	0.0	0.0	0.97
Daily Balance Of Power	(0.37)	(0.10)	1.373932	(0.83)	1.028226	0.75	0.3333	(0.19)	0.1042	(0.58)
Period Momentum Indicator	(1.27)	(0.40)	6.43	(2.98)	2.55	0.57	0.41	(0.47)	0.15	(0.56)
Rate Of Daily Change	0.99	1.0	1.02	0.95	1.02	1.01	1.01	0.99	1.0	0.99
Day Median Price	174.85	172.78	330.25	61.82	115.36	55.78	56.5	71.8	43.44	53.55
Price Action Indicator	(1.11)	0.2	5.26	(1.58)	2.43	0.55	0.56	(0.91)	0.2	(0.19)
Relative Strength Index	54.15	57.71	69.88	58.35	68.53	78.25	67.73	67.05	67.56	48.29
Coefficient Of Variation	904.31	498.44	438.4	1147.7	427.76	263.05	486.47	437.2	403.47	2475.68
Mean Deviation	1.34	1.39	0.9624	1.94	1.01	1.4	1.9	1.59	1.19	1.41
Jensen Alpha	0.1349	0.3417	0.2402	0.2637	0.2437	0.6156	0.4011	0.4448	0.3345	(0.02)
Total Risk Alpha	0.0601	0.2236	0.1903	0.0373	0.2055	0.5281	0.3139	0.3177	0.2497	(0.06)
Sortino Ratio	0.0827	0.1971	0.223	0.0856	0.2154	0.4764	0.1755	0.2255	0.2395	0.0062
Downside Variance	2.59	2.31	1.05	4.87	1.32	1.58	6.07	3.35	1.59	2.54
Standard Deviation	1.76	1.8	1.27	2.87	1.32	1.74	2.4	2.07	1.47	1.76
Kurtosis	0.3962	0.1522	0.1549	4.76	0.3193	(0.15)	(0.45)	1.56	(0.13)	(0.51)
Potential Upside	3.5	3.86	2.67	5.01	2.51	3.96	4.1	3.45	2.69	3.3
Treynor Ratio	0.1914	2.0	0.3592	(0.53)	0.2777	0.9435	0.3006	1.23	0.9645	0.0403
Maximum Drawdown	9.08	8.47	5.44	18.39	5.78	6.19	8.88	10.08	6.55	7.17
Variance	3.09	3.23	1.62	8.25	1.75	3.02	5.77	4.3	2.15	3.11
Market Risk Adjusted Performance	0.2014	2.01	0.3692	(0.52)	0.2877	0.9535	0.3106	1.24	0.9745	0.0503
Risk Adjusted Performance	0.0862	0.1516	0.1699	0.0707	0.1742	0.2818	0.1562	0.1726	0.185	0.0352
Skewness	0.2408	0.4744	0.6629	1.46	0.3052	0.4336	(0.22)	0.6368	(0.07)	0.2299
Semi Deviation	1.38	1.17	0.6781	1.92	0.8622	0.6768	1.99	1.44	0.9393	1.5
Information Ratio	0.0757	0.1665	0.1799	0.0658	0.1874	0.3449	0.18	0.1992	0.206	0.0056
Value At Risk	(2.40)	(2.45)	(1.55)	(3.37)	(1.65)	(1.47)	(3.73)	(2.43)	(1.55)	(2.58)
Expected Short fall	(1.49)	(1.56)	(1.07)	(2.20)	(1.17)	(1.76)	(2.12)	(1.78)	(1.42)	(1.66)
Downside Deviation	1.61	1.52	1.03	2.21	1.15	1.26	2.46	1.83	1.26	1.59
Semi Variance	1.92	1.36	0.4598	3.67	0.7433	0.4581	3.96	2.06	0.8822	2.24

Steel Dynamics Competition Performance Charts

Five steps to successful analysis of Steel Dynamics Competition

Steel Dynamics' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Steel Dynamics in relation to its competition. Steel Dynamics' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Steel Dynamics in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Steel Dynamics' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Steel Dynamics, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Steel Dynamics position

In addition to having Steel Dynamics in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Mid Cap ETFs Thematic Idea Now

Mid Cap ETFs

ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Mid Cap ETFs theme has 69 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Mid Cap ETFs Theme or any other thematic opportunities.

View All Next

Launch

When determining whether Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:

How To Invest In Steel

Details

Is Steel Stock a good investment?

Details

What is Steel Dynamics' Net Worth?

Details

Largest Power Assets Companies

View

Largest Disruptive Technologies Companies

View

Check out Steel Dynamics Correlation with its peers.

For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Will Stock sector continue expanding? Could Steel diversify its offerings? Factors like these will boost the valuation of Steel Dynamics. If investors know Steel will grow in the future, the company's valuation will be higher. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Steel Dynamics data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.

The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Steel Dynamics' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC

Steel Competitors

Steel Dynamics vs Kinross Gold Correlation

Poor diversification

Moving together with Steel Stock

Moving against Steel Stock

Specify up to 10 symbols:

Steel Dynamics Competition Correlation Matrix

Risk-Adjusted Indicators

Steel Dynamics Competitive Analysis

Steel Dynamics Competition Performance Charts

Five steps to successful analysis of Steel Dynamics Competition

Complement your Steel Dynamics position

Did You Try This Idea?

Run Mid Cap ETFs Thematic Idea Now

Mid Cap ETFs

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY