Steel Dynamics, Inc. is a leading domestic steel producer and metal recycler in the United States. The company's core business involves manufacturing and selling steel products, processing and selling recycled ferrous and nonferrous metals, and fabricating and selling steel joists and deck products. With a diversified product and end market portfolio, the company leverages its entrepreneurial culture and vertically connected business model to maintain a competitive edge. Key markets include construction, automotive, manufacturing, transportation, heavy equipment, energy, and pipe and tube. The company has a significant geographic presence in the United States and Mexico.

• Employees: 12,600 (as of December 31, 2023)
• Geographic Footprint: United States and Mexico
• Headquarters: Fort Wayne, IN
• Founded: 1993
• Number of locations/facilities: Not explicitly stated, but includes multiple steel mills, recycling facilities, and fabrication plants
• Revenue: $18.8 billion (FY2023)
• Market Capitalization: $12.1 billion (as of June 30, 2023, for non-affiliates)
• Key Subsidiaries/Brands: OmniSource, New Millennium Building Systems, United Steel Supply, Vulcan Threaded Products

• CEO: Mark D. Millett
• CFO: Theresa E. Wagler
• President and COO: Barry T. Schneider
• Senior Vice President, Metals Recycling: Miguel Alvarez
• Senior Vice President, Steel Fabrication: James S. Anderson
• Senior Vice President, Flat Roll Steel Group: Chris A. Graham
• Senior Vice President and Treasurer: Richard A. Poinsatte
• Senior Vice President, Special Projects: Glenn A. Pushis

Key leaders have extensive experience in the steel, metals recycling, and steel fabrication industries. Mark D. Millett co-founded the company in 1993 and has been CEO since 2012. Theresa E. Wagler has been CFO since 2007. Barry T. Schneider was appointed President and COO in March 2023.

• Annual Revenue: $18.8 billion (FY2023)
• Net Income: $2.5 billion (FY2023)
• Market Cap: $12.1 billion (as of June 30, 2023, for non-affiliates)
• Total Assets: $14.9 billion (as of December 31, 2023)
• Employees: 12,600 (as of December 31, 2023)
• Key Financial Highlights: Record annual steel shipments of 12.8 million tons. Operating income decreased 38% year-over-year due to metal spread compression.

The company offers a diversified range of products and services:

• Sheet Steel Products: Hot rolled, cold rolled, metallic coated, and painted steel sheets.
• Long Steel Products: Structural steel beams, rails, and various engineered bar products.
• Steel Fabrication: Steel joists, trusses, girders, and steel deck products.
• Recycled Metals: Ferrous and nonferrous scrap metal processing and sales.
• Aluminum Products: Recycled aluminum flat rolled products.

The company operates through four main segments:

• Steel Operations: Manufactures steel products from ferrous scrap and scrap substitutes. This segment accounted for 67% of consolidated net sales in 2023.
• Metals Recycling Operations: Processes and sells ferrous and nonferrous scrap metals. This segment accounted for 12% of consolidated net sales in 2023.
• Steel Fabrication Operations: Produces steel joists and deck products. This segment accounted for 15% of consolidated net sales in 2023.
• Aluminum Operations: Includes the recycled aluminum flat rolled products mill and satellite recycled aluminum slab centers. This segment is new and currently consists of construction and start-up costs.

The company's strategy focuses on increasing through-cycle cash generation, providing growth opportunities for stakeholders, and maintaining sustainability. Key initiatives include:

• Strategic sustainable growth with intentional margin expansion.
• Innovation in products, customer solutions, and technologies.
• Vertically connected businesses to enhance profitability.
• Decarbonization efforts through EAF technology and renewable energy initiatives.
• Expansion into the recycled aluminum flat rolled products market.

The company operates in the highly competitive steel and metals recycling industries. Key aspects of the competitive landscape include:

• Market Position: One of the largest domestic steel producers and metal recyclers in the United States.
• Key Competitors: Numerous North American and foreign integrated and mini-mill steelmakers and scrap processors.
• Industry Trends: Cyclical nature of the steel industry, global steelmaking overcapacity, volatility in scrap prices, and increasing focus on sustainability.

• Global and National Risks: Economic downturns, global steel overcapacity, and increased imports.
• Industry Risks: Cyclicality of the steel industry, volatility in scrap metal prices, and availability of energy resources.
• Operational Risks: Competition, cybersecurity threats, and implementation of growth strategies.
• Financial Risks: Creditworthiness of customers and suppliers, restrictive debt covenants, and impairment charges.
• Regulatory Risks: Environmental regulations, compliance with laws, and potential litigation.