10 Best Metal Stocks to Buy According to Billionaires

5. Steel Dynamics, Inc. (NASDAQ:STLD)

Number of Billionaires: 12

A leading U.S. steel producer and metal recycler, operating in segments such as steel production, metals recycling, and steel fabrication, Steel Dynamics, Inc. (NASDAQ:STLD), serves diverse industries, including construction, automotive, and manufacturing.

The total revenue in 2024 stood at $17.54 billion, a decrease of 6.68% since last year. However, in the first quarter of 2025, Steel Dynamics, Inc. (NASDAQ:STLD) anticipates stronger profitability in its steel operations compared to the previous quarter. This expectation is based on increased shipments offsetting some metal margin compression as contractual steel pricing catches up with recent spot price improvements. The energy, non-residential construction, automotive, and industrial sectors continue to drive demand. Notably, the Sinton Texas Flat Roll Division operated at over 90% production levels during this period, with ongoing enhancements in product quality and cost efficiency, paving the way for anticipated profitability in the second quarter of 2025.

Steel Dynamics, Inc. (NASDAQ:STLD) increased its first-quarter 2025 cash dividend by 9% to $0.50 per share and authorized an additional $1.5 billion share repurchase program. As of March 12, 2025, the company had repurchased $191 million of common stock in the first quarter.

Analysts have a bullish outlook on Steel Dynamics, Inc. (NASDAQ:STLD), with UBS upgrading the stock to a “Buy” rating. The average price target from 16 ratings stands at $147.36, indicating a 16.98% potential upside, as of March 28.