Steel Dynamics Earns Recognition as One of the World’s Most Admired Companies
Steel Dynamics, Inc., a leading U.S.-based steel producer and metals recycler, has been named one of Fortune’s World's Most Admired Companies for 2025, earning high marks in the metals industry. This marks the eighth consecutive year that the company has been included in this esteemed list, a testament to its ongoing operational excellence and commitment to innovation and sustainability.
The recognition comes as a result of a survey conducted by Fortune which evaluates the corporate reputation of companies based on nine key attributes. These include factors such as innovation, people management, financial soundness, social responsibility, and quality of products and services. According to Mark D. Millett, Chairman and CEO of Steel Dynamics, this recognition reflects the extraordinary passion and spirit of excellence demonstrated by their teams.
Key Factors Contributing to Recognition
Steel Dynamics was evaluated based on various criteria that contribute to its standing in the global business community. The company received high marks in people management, quality of management, and innovation, among others. These attributes have propelled the company to a high standard of operational and financial performance, as stated by Millett.
The company’s focus on health and safety, which is a core value, was also highlighted. Millett emphasized that Steel Dynamics’ success is driven by the efforts of its dedicated employees, whose commitment to the company’s core values ensures its continued success and growth.
Steel Dynamics' Industry Standing
Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America. The company has built a strong presence in the U.S. and Mexico, operating numerous facilities across both countries. Steel Dynamics produces a wide range of steel products, including hot roll, cold roll, coated sheet steel, structural steel beams, rail, and specialty steel sections, among others. Additionally, the company is involved in the production of liquid pig iron and processes both ferrous and nonferrous scrap materials.
The company’s diverse range of products and its capabilities in steelmaking and metal recycling make it a major player in the North American steel industry. The recognition from Fortune further underscores the company’s competitiveness on a global scale, particularly in its core markets.
Survey Methodology and Evaluation Criteria
The Fortune’s World's Most Admired Companies list is determined through an annual survey conducted by the publication, which gathers input from executives, directors, and analysts across various industries. These professionals evaluate companies based on several key attributes such as:
• Innovation: The company’s ability to continuously develop new products or improve existing ones.
• People management: The company’s capacity to attract, develop, and retain talented employees.
• Financial soundness: The company’s ability to generate profits and manage finances effectively.
• Social responsibility: The company’s efforts to contribute positively to the community and the environment.
• Global competitiveness: The company’s ability to compete effectively in the global market.
The companies that perform well across these categories are then recognized for their outstanding reputation within their industries and across the business world.
A Strong Commitment to Excellence
Steel Dynamics’ recognition by Fortune reflects its consistent ability to outperform competitors and maintain a strong reputation in the steel industry. The company’s success is driven by its focus on innovation, efficiency, and a commitment to sustainability. As Mark D. Millett noted, this recognition is a result of the hard work and dedication of Steel Dynamics’ teams, whose efforts contribute to its operational and financial success.
As the steel industry faces various challenges in a changing global market, Steel Dynamics’ continued focus on innovation, employee safety, and customer satisfaction will likely help it maintain its position as an industry leader.
About Steel Dynamics, Inc.
Steel Dynamics, Inc. is a leading steel producer and metals recycler in North America, with extensive production and recycling capabilities across the U.S. and Mexico. The company’s product range includes hot roll, cold roll, and coated sheet steel, as well as structural steel beams, rail, specialty steel sections, and steel joists. Steel Dynamics also produces liquid pig iron and processes ferrous and nonferrous scrap. The company is committed to providing high-quality products while maintaining a focus on sustainability and safety.
