Market Summary
USD106.40+3.58
Market Closed3.48%
STLD Alerts
STLD Stock Price
STLD RSI Chart
STLD Valuation
STLD Price/Sales (Trailing)
STLD Profitability
STLD Fundamentals
STLD Revenue
STLD Earnings
Price Action
52 Week Range
69.50136.46
(Low)(High)
Last 7 days
3.6%
Last 30 days
1.0%
Last 90 days
-3.5%
Trailing 12 Months
48.3%
STLD Financial Health
STLD Investor Care
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Net sales
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Latest Insider Trading transactions for STLD
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-17 | Sierra Luis Manuel | acquired | - | - | 319 | - |
2023-08-15 | Graham Christopher A | sold | -5,041,220 | 105 | -48,000 | senior vice president |
2023-08-04 | Graham Christopher A | acquired | 262,134 | 36.5803 | 7,166 | senior vice president |
2023-08-04 | Graham Christopher A | back to issuer | -755,583 | 105 | -7,166 | senior vice president |
2023-07-31 | Shaheen Gabriel | sold | -181,659 | 105 | -1,717 | - |
2023-07-14 | DOLAN TRACI M | acquired | - | - | 184 | - |
2023-07-14 | BARGABOS SHEREE L | acquired | - | - | 74.00 | - |
2023-07-14 | MARCUCCILLI JAMES C | acquired | - | - | 183 | - |
2023-07-14 | Sierra Luis Manuel | acquired | - | - | 15.00 | - |
2023-07-14 | Sonnenberg Steven Alan | acquired | - | - | 69.00 | - |
Which funds bought or sold STLD recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 59.92 | 13,478,000 | 38,406,000 | 0.02% |
2023-09-12 | Farther Finance Advisors, LLC | added | 0.6 | -2,920 | 91,937 | 0.02% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | added | 29.11 | 2,179 | 11,111 | -% |
2023-09-05 | Delos Wealth Advisors, LLC | reduced | -87.11 | -800,358 | 113,506 | 0.14% |
2023-08-30 | CHAPIN DAVIS, INC. | sold off | -100 | -2,475,560 | - | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 1,141 | 47,508 | -% |
2023-08-28 | Banco BTG Pactual S.A. | new | - | 670,356 | 670,356 | 0.13% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | reduced | -10.99 | -40,435 | 243,459 | 0.05% |
2023-08-24 | Alamar Capital Management, LLC | reduced | -1.06 | -70,345 | 1,437,770 | 1.06% |
2023-08-24 | ProVise Management Group, LLC | sold off | -100 | -259,020 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
STLD Alerts
Schedule 13G FIlings of Steel Dynamics
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Apr 06, 2023 | blackrock inc. | 10.3% | 17,595,426 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.43% | 21,822,262 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.7% | 17,084,445 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 12.6% | 25,061,389 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 12.6% | 25,061,389 | SC 13G/A | |
| Jul 12, 2021 | vanguard group inc | 10.22% | 21,591,653 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.91% | 18,751,882 | SC 13G/A | |
| Jan 27, 2021 | blackrock inc. | 10.8% | 22,664,231 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 9.01% | 19,431,445 | SC 13G/A | |
| Feb 04, 2020 | blackrock inc. | 10.4% | 22,301,411 | SC 13G/A |
Recent SEC filings of Steel Dynamics
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 8-K | Current Report | |
| Sep 15, 2023 | 8-K | Current Report | |
| Aug 21, 2023 | 8-K | Current Report | |
| Aug 18, 2023 | 4 | Insider Trading | |
| Aug 17, 2023 | 4 | Insider Trading | |
| Aug 14, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 08, 2023 | 10-Q | Quarterly Report | |
| Aug 08, 2023 | 4 | Insider Trading | |
| Aug 02, 2023 | 8-K | Current Report | |
| Aug 02, 2023 | 4 | Insider Trading |
Peers (Alternatives to Steel Dynamics)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
SCCO | 56.2B | 10.1B | -6.59% | 71.34% | 20.12 | 5.58 | -4.76% | -4.71% |
FCX | 52.4B | 21.9B | -4.59% | 38.72% | 15.81 | 2.4 | -9.80% | -44.93% |
NUE | 38.0B | 37.5B | -8.26% | 47.45% | 6.84 | 1.01 | -12.82% | -38.59% |
NEM | 31.3B | 11.2B | 2.85% | -2.93% | -41.32 | 2.8 | -9.46% | -195.71% |
STLD | 17.1B | 20.5B | 1.04% | 48.25% | 5.68 | 0.84 | -7.79% | -31.70% |
| MID-CAP | ||||||||
CLF | 7.5B | 22.0B | 0.27% | 12.39% | 27.19 | 0.34 | -9.91% | -92.35% |
CMC | 5.8B | 9.0B | -9.88% | 40.03% | 6 | 0.64 | 5.39% | -10.80% |
ATI | 5.3B | 4.1B | -5.65% | 47.39% | 18.68 | 1.29 | 25.63% | 2307.63% |
WOR | 3.3B | 4.9B | -6.51% | 44.09% | 12.97 | 0.68 | -6.22% | -32.38% |
CRS | 3.3B | 3.6B | 15.74% | 108.01% | 58.73 | 0.91 | 97.59% | 214.87% |
X | - | 19.0B | 4.23% | 75.01% | - | - | -17.70% | -72.82% |
| SMALL-CAP | ||||||||
SXC | 831.8M | 2.1B | 8.63% | 71.86% | 9.25 | 0.41 | 22.68% | 8.05% |
HAYN | 578.0M | 573.2M | -5.08% | 28.83% | 12.79 | 1.01 | 29.70% | 44.33% |
TMST | - | 1.2B | 1.10% | 47.62% | - | - | -14.31% | -101.46% |
USAP | 114.8M | 237.3M | -2.54% | 80.86% | -24.75 | 0.48 | 31.74% | -244.40% |
Steel Dynamics News
Returns for STLD
Cumulative Returns on STLD
22.6%
10-Year Cumulative Returns
24.6%
7-Year Cumulative Returns
20.1%
5-Year Cumulative Returns
54.9%
3-Year Cumulative Returns
Risks for STLD
What is the probability of a big loss on STLD?
82.3%
Probability that Steel Dynamics stock will be more than 20% underwater in next one year
44.2%
Probability that Steel Dynamics stock will be more than 30% underwater in next one year.
32.3%
Probability that Steel Dynamics stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does STLD drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Steel Dynamics was unfortunately bought at previous high price.
Drawdowns
Financials for Steel Dynamics
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -5.2% | 20,453 | 21,584 | 22,261 | 22,745 | 22,182 | 20,434 | 18,409 | 15,699 | 12,942 | 10,571 | 9,601 | 9,350 | 9,546 | 10,223 | 10,465 | 11,019 | 11,715 | 12,035 | 11,822 | 11,254 | 10,474 |
| Gross Profit | -10.7% | 4,815 | 5,391 | 6,118 | 6,892 | 7,028 | 6,345 | 5,362 | 4,043 | 2,735 | 1,820 | 1,435 | 1,309 | 1,376 | 1,513 | 1,531 | 1,736 | 2,062 | 2,293 | 2,323 | 2,122 | 1,833 |
| S&GA Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 565 | 588 | 602 | 600 | 570 | 541 |
| EBITDA | -100.0% | - | 4,913 | 5,497 | 6,120 | 6,190 | 5,505 | 4,614 | 3,433 | 2,264 | 1,441 | 1,126 | 1,063 | 1,141 | 1,302 | 1,324 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.23* | 0.25* | 0.27* | 0.28* | 0.27* | 0.25* | 0.22* | 0.17* | 0.14* | 0.12* | 0.11* | 0.12* | 0.13* | 0.13* | - | - | - | - | - | - |
| Interest Expenses | -5.0% | 92.00 | 97.00 | 92.00 | 80.00 | 67.00 | 57.00 | 57.00 | 65.00 | 71.00 | 84.00 | 95.00 | 107 | 119 | 124 | 127 | 126 | 127 | 126 | 127 | 127 | 130 |
| Earnings Before Taxes | -11.8% | 3,889 | 4,411 | 5,021 | 5,671 | 5,766 | 5,100 | 4,209 | 3,021 | 1,852 | 1,024 | 705 | 635 | 703 | 857 | 875 | 1,067 | 1,372 | 1,591 | 1,620 | 1,440 | 1,167 |
| EBT Margin | -100.0% | - | 0.20* | 0.23* | 0.25* | 0.26* | 0.25* | 0.23* | 0.19* | 0.14* | 0.10* | 0.07* | 0.07* | 0.07* | 0.08* | 0.08* | - | - | - | - | - | - |
| Net Income | -11.7% | 3,014 | 3,411 | 3,879 | 4,331 | 4,413 | 3,915 | 3,247 | 2,348 | 1,452 | 819 | 571 | 498 | 546 | 664 | 678 | 824 | 1,069 | 1,235 | 1,256 | 1,289 | 1,042 |
| Net Income Margin | -100.0% | - | 0.16* | 0.17* | 0.19* | 0.20* | 0.19* | 0.18* | 0.15* | 0.11* | 0.08* | 0.06* | 0.05* | 0.06* | 0.06* | 0.06* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 3,399 | 3,552 | 3,272 | 2,433 | 1,905 | 1,198 | 473 | -118 | -252 | -211 | 245 | 711 | 811 | 944 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.3% | 14,551 | 14,220 | 14,160 | 14,048 | 13,711 | 13,057 | 12,531 | 11,536 | 10,687 | 10,128 | 9,266 | 8,618 | 8,468 | 8,345 | 8,276 | 7,943 | 7,858 | 7,857 | 7,704 | 7,798 | 7,505 |
| Current Assets | -2.2% | 7,396 | 7,563 | 7,638 | 7,813 | 7,756 | 7,150 | 6,901 | 5,988 | 5,265 | 4,897 | 4,258 | 3,855 | 4,016 | 4,143 | 4,253 | 4,020 | 4,024 | 4,029 | 4,033 | 4,131 | 3,818 |
| Cash Equivalents | -8.4% | 1,475 | 1,610 | 1,628 | 1,420 | 1,013 | 1,195 | 1,249 | 1,101 | 1,119 | 1,251 | 1,374 | 1,273 | 1,502 | 1,241 | 1,387 | 1,152 | 979 | 797 | 834 | 890 | 726 |
| Inventory | 1.8% | 3,044 | 2,989 | 3,130 | 3,377 | 3,647 | 3,517 | 3,531 | 2,895 | 2,482 | 2,218 | 1,844 | 1,609 | 1,567 | 1,645 | 1,689 | 1,767 | 1,803 | 1,868 | 1,859 | 1,854 | 1,787 |
| Net PPE | 5.3% | 5,784 | 5,491 | 5,374 | 5,147 | 4,887 | 4,828 | 4,751 | 4,654 | 4,527 | 4,340 | 4,106 | 3,862 | 3,587 | 3,328 | 3,136 | 3,032 | 2,947 | 2,937 | 2,946 | 2,902 | 2,909 |
| Goodwill | -4.9% | 477 | 502 | 502 | 452 | 452 | 453 | 454 | 455 | 456 | 456 | 457 | 475 | 451 | 452 | 453 | 541 | 526 | 531 | 430 | 503 | -76.93 |
| Liabilities | -0.5% | 5,886 | 5,913 | 6,064 | 6,112 | 6,162 | 6,078 | 6,211 | 5,913 | 5,657 | 5,393 | 4,917 | 4,419 | 4,328 | 4,239 | 4,211 | 3,899 | 3,810 | 3,868 | 3,816 | 3,812 | 3,805 |
| Current Liabilities | -3.4% | 1,759 | 1,821 | 2,032 | 2,131 | 2,202 | 2,091 | 2,227 | 2,054 | 1,852 | 1,661 | 1,259 | 1,176 | 1,115 | 1,032 | 1,007 | 1,005 | 926 | 1,003 | 1,019 | 1,050 | 1,059 |
| LT Debt, Current | 22.4% | 57.00 | 46.00 | 57.00 | 23.00 | 37.00 | 68.00 | 97.00 | 55.00 | 94.00 | 81.00 | 87.00 | 82.00 | 74.00 | 70.00 | 89.00 | 82.00 | 72.00 | 81.00 | 24.00 | 15.00 | 18.00 |
| LT Debt, Non Current | -0.1% | 3,011 | 3,014 | 3,013 | 3,012 | 3,011 | 3,010 | 3,009 | 3,019 | 3,016 | 3,016 | 3,016 | 2,637 | 2,637 | 2,646 | 2,645 | 2,355 | 2,356 | 2,354 | 2,352 | 2,352 | 2,352 |
| Shareholder's Equity | 7.2% | 8,708 | 8,120 | 8,130 | 7,971 | 7,381 | 6,750 | 6,109 | 5,436 | 4,854 | 4,572 | 4,190 | 4,043 | 3,988 | 3,955 | 3,921 | 3,901 | 3,908 | 3,850 | 3,776 | 3,875 | 3,589 |
| Retained Earnings | 6.2% | 12,682 | 11,941 | 11,376 | 10,800 | 9,946 | 8,801 | 7,761 | 6,722 | 5,783 | 5,134 | 4,759 | 4,624 | 4,577 | 4,554 | 4,419 | 4,350 | 4,250 | 4,109 | 3,958 | 3,731 | 3,376 |
| Additional Paid-In Capital | 0.8% | 1,204 | 1,194 | 1,213 | 1,220 | 1,213 | 1,204 | 1,219 | 1,219 | 1,211 | 1,203 | 1,207 | 1,200 | 1,192 | 1,184 | 1,181 | 1,176 | 1,168 | 1,160 | 1,160 | 1,157 | 1,149 |
| Shares Outstanding | -2.2% | 166 | 170 | 173 | 177 | 186 | 192 | 195 | 202 | 210 | 211 | 211 | 210 | 210 | 213 | 215 | 218 | 222 | 224 | 225 | 234 | 236 |
| Minority Interest | 1.0% | -214 | -216 | -216 | -208 | -207 | -214 | -195 | -171 | -166 | -157 | -155 | -157 | -157 | -158 | -154 | -155 | -156 | -158 | -159 | -158 | -158 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -4.4% | 4,181 | 4,375 | 4,460 | 4,041 | 3,176 | 2,761 | 2,204 | 1,618 | 1,139 | 1,038 | 987 | 1,258 | 1,551 | 1,426 | 1,396 | 1,478 | 1,455 | 1,419 | 1,415 | 1,117 | 922 |
| Share Based Compensation | 1.0% | 59.00 | 59.00 | 59.00 | 61.00 | 58.00 | 57.00 | 58.00 | 56.00 | 55.00 | 55.00 | 56.00 | 51.00 | 51.00 | 50.00 | 48.00 | 48.00 | 47.00 | 46.00 | 43.00 | 40.00 | 39.00 |
| Cashflow From Investing | 2.1% | -1,769 | -1,807 | -1,879 | -1,611 | -1,306 | -1,071 | -999 | -1,141 | -1,244 | -1,128 | -993 | -999 | -792 | -658 | -576 | -398 | -420 | -897 | -895 | -760 | -674 |
| Cashflow From Financing | 9.7% | -1,942 | -2,152 | -2,196 | -2,104 | -1,975 | -1,745 | -1,329 | -648 | -277 | 100 | -7.05 | -137 | -234 | -323 | -266 | -818 | -781 | -715 | -720 | -574 | -436 |
| Dividend Payments | 3.3% | 253 | 245 | 237 | 229 | 220 | 211 | 213 | 214 | 213 | 210 | 209 | 208 | 209 | 210 | 200 | 192 | 184 | 174 | 169 | 162 | 155 |
| Buy Backs | -7.7% | 1,629 | 1,766 | 1,801 | 1,718 | 1,574 | 1,450 | 1,061 | 974 | 524 | - | 107 | 163 | 278 | 371 | 349 | 623 | 583 | 539 | 524 | 208 | 233 |
STLD Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net sales | ||||
| Total net sales | $ 5,081,630 | $ 6,212,878 | $ 9,974,836 | $ 11,782,780 |
| Costs of goods sold | 3,774,772 | 4,329,536 | 7,611,856 | 8,116,925 |
| Gross profit | 1,306,858 | 1,883,342 | 2,362,980 | 3,665,855 |
| Selling, general and administrative expenses | 141,209 | 118,377 | 285,518 | 270,392 |
| Profit sharing | 90,990 | 139,742 | 160,565 | 268,211 |
| Amortization of intangible assets | 10,924 | 7,160 | 17,802 | 14,322 |
| Operating income | 1,063,735 | 1,618,063 | 1,899,095 | 3,112,930 |
| Interest expense, net of capitalized interest | 20,767 | 25,667 | 43,274 | 42,336 |
| Other (income) expense, net | (31,348) | (4,021) | (66,284) | 16,447 |
| Income before income taxes | 1,074,316 | 1,596,417 | 1,922,105 | 3,054,147 |
| Income tax expense | 258,139 | 381,765 | 461,595 | 732,141 |
| Net income | 816,177 | 1,214,652 | 1,460,510 | 2,322,006 |
| Net income attributable to noncontrolling interests | (4,070) | (5,098) | (11,093) | (8,521) |
| Net income attributable to Steel Dynamics, Inc. | $ 812,107 | $ 1,209,554 | $ 1,449,417 | $ 2,313,485 |
| Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) | $ 4.83 | $ 6.49 | $ 8.54 | $ 12.22 |
| Weighted average common shares outstanding (in shares) | 168,009 | 186,442 | 169,803 | 189,300 |
| Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) | $ 4.81 | $ 6.44 | $ 8.49 | $ 12.14 |
| Weighted average common shares and share equivalents outstanding (in shares) | 168,865 | 187,740 | 170,672 | 190,491 |
| Dividends declared per share (in dollars per share) | $ 0.425 | $ 0.34 | $ 0.85 | $ 0.68 |
| Unrelated parties | ||||
| Net sales | ||||
| Net Sales | $ 4,930,422 | $ 5,964,503 | $ 9,675,775 | $ 11,375,304 |
| Related Parties | ||||
| Net sales | ||||
| Net Sales | $ 151,208 | $ 248,375 | $ 299,061 | $ 407,476 |
STLD Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and equivalents | $ 1,475,356 | $ 1,628,417 |
| Short-term investments | 611,701 | 628,215 |
| Inventories | 3,044,009 | 3,129,964 |
| Other current assets | 122,025 | 195,371 |
| Total current assets | 7,396,055 | 7,638,018 |
| Property, plant and equipment, net | 5,783,622 | 5,373,665 |
| Intangible assets, net | 274,005 | 267,507 |
| Goodwill | 477,471 | 502,067 |
| Other assets | 620,244 | 378,727 |
| Total assets | 14,551,397 | 14,159,984 |
| Current liabilities | ||
| Income taxes payable | 39,177 | 6,520 |
| Accrued payroll and benefits | 321,303 | 610,558 |
| Accrued expenses | 293,102 | 340,646 |
| Current maturities of long-term debt | 56,869 | 57,334 |
| Total current liabilities | 1,759,035 | 2,032,296 |
| Long-term debt | 3,010,829 | 3,013,241 |
| Deferred income taxes | 941,491 | 889,103 |
| Other liabilities | 175,073 | 129,539 |
| Total liabilities | 5,886,428 | 6,064,179 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 171,212 | 181,503 |
| Equity | ||
| Common stock voting, $0.0025 par value; 900,000,000 shares authorized; 267,772,737 and 267,762,488 shares issued; and 166,383,336 and 172,936,163 shares outstanding, as of June 30, 2023 and December 31, 2022, respectively | 650 | 650 |
| Treasury stock, at cost; 101,389,401 and 94,826,325 shares, as of June 30, 2023 and December 31, 2022, respectively | (5,179,722) | (4,459,513) |
| Additional paid-in capital | 1,204,134 | 1,212,566 |
| Retained earnings | 12,681,894 | 11,375,765 |
| Accumulated other comprehensive income | 1,027 | 889 |
| Total Steel Dynamics, Inc. equity | 8,707,983 | 8,130,357 |
| Noncontrolling interests | (214,226) | (216,055) |
| Total equity | 8,493,757 | 7,914,302 |
| Total liabilities and equity | 14,551,397 | 14,159,984 |
| Unrelated parties | ||
| Current assets | ||
| Accounts receivable, net | 2,079,949 | 1,976,282 |
| Current liabilities | ||
| Accounts payable | 1,039,149 | 1,007,304 |
| Related Parties | ||
| Current assets | ||
| Accounts receivable, net | 63,015 | 79,769 |
| Current liabilities | ||
| Accounts payable | $ 9,435 | $ 9,934 |
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars. The company also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. This segment sells directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment purchases, processes, and resells ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces non-residential steel building components, such as steel joists, girders, trusses, and steel deck products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.