Is Steel Dynamics the Next Nucor?

If you are looking to own the largest, most diversified, and financially strongest U.S. steelmaker, look no further than Nucor (NYSE: NUE). But there's another name in that sector that is showing that it has a bright future ahead, too: Steel Dynamics (NASDAQ: STLD). There are a lot of similarities between the two that suggest Steel Dynamics should be on your shortlist along with Nucor, particularly if you're looking for a higher growth rate than slow-and-steady Nucor is likely to offer.

Nucor, with a nearly-$14 billion market cap, is a giant in the U.S. steel sector. Its vertically integrated business spans from scrap metal to commodity steel products to specialty steel. A key goal for management is to be the No. 1 or No. 2 player in all of the markets it serves, and it has achieved that goal in 11 sector niches. Another focus is to increase its scale in higher-margin products so it can use more of the steel it produces in increasingly profitable ways. 

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Source Fool.com