Steel Dynamics names Matt Bell as head of metals recycling platform

FORT WAYNE, Ind. - Steel Dynamics, Inc. (NASDAQ:STLD) announced Tuesday the appointment of Matt Bell as Vice President of Metals Recycling and President of OmniSource, effective immediately. The company, currently trading at $153.24 and with a market capitalization of $22.38 billion, has seen its stock rise 35.17% year-to-date.

Bell, who has been with the company since 2016, previously served as Vice President of Commercial for OmniSource since 2023, where he was responsible for developing ferrous purchasing and sales growth strategies, including optimizing scrap supply for the company's steel operations.

"Matt's commercial and operational experience has helped lead our metals recycling teams to higher levels of service, efficiency, supply-chain solutions, and excellence," said Mark D. Millett, Chairman and Chief Executive Officer, in a press release statement.

Bell succeeds Miguel Alvarez, who is transitioning to lead the company's aluminum flat rolled products platform.

Prior to joining Steel Dynamics, Bell held various leadership positions in the metals recycling industry. At Steel Dynamics, he has served in increasingly significant roles involving operations, commercial activities, and marketing responsibilities within the metals recycling platform.

Steel Dynamics describes itself as one of the largest domestic steel producers and metal recyclers in North America. The company operates using what it calls a circular manufacturing model, producing steel products with recycled scrap as the primary input.

In other recent news, Steel Dynamics reported its third-quarter 2025 earnings, surpassing market expectations. The company achieved an earnings per share (EPS) of $2.74, exceeding the forecasted $2.64, and reported revenue of $4.8 billion, slightly above the anticipated $4.76 billion. Following these results, BMO Capital raised its price target for Steel Dynamics from $155 to $167, maintaining an Outperform rating. Similarly, KeyBanc increased its price target from $152 to $165 while keeping an Overweight rating on the stock. Both firms adjusted their estimates due to the company's third-quarter performance and current market conditions. These developments reflect analysts' positive outlook on Steel Dynamics despite adjustments for normal seasonality and market prices.

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