Steel Dynamics, Inc
(NASDAQ:STLD)

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 and cold roll, and ...

Website: http://www.steeldynamics.com

Founded: 1993

Full Time Employees: 8,385

Sector: Basic Materials

Industry: Steel

Materials Steel

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31

net sales
yoy
qoq
unrelated parties	5,185,334,000	12,903,185,000	4,651,398,000	4,340,798,000	4,241,499,000	12,656,997,000	4,162,651,000	4,443,994,000	4,496,819,000	13,706,451,000	4,408,861,000	4,930,422,000	4,745,353,000		5,438,747,000	5,964,503,000	5,410,801,000		5,081,476,000	4,453,556,000	3,537,625,000	2,595,959,000	2,327,224,000	2,092,964,000	2,571,544,000	2,347,003,000	2,523,279,000	2,766,364,000	2,814,486,000	2,899,584,000	3,220,891,000	3,083,822,000	2,597,312,000	2,298,130,000	2,399,116,000	2,347,304,000	2,319,663,000	1,869,596,000	2,060,596,000	1,978,984,000	1,698,004,000	1,901,415,000	1,945,983,000	2,003,973,000	2,276,747,000	1,987,635,000	1,765,881,000	1,838,464,000	1,735,420,000	1,728,401,000	1,624,561,000	1,830,117,000	1,905,075,000	1,976,296,000	2,004,283,000	1,941,664,000	1,520,346,000	1,570,093,000	1,496,082,000	773,137,000	787,810,000	2,479,655,000	2,289,121,000	1,814,083,000	1,104,076,000	850,443,000	824,385,000	774,813,000	854,299,000	758,186,000	608,618,000
related parties	19,524,000	445,181,000	176,817,000	224,325,000	127,696,000	541,778,000	178,964,000	188,640,000	197,184,000	501,808,000	178,196,000	151,208,000	147,853,000		212,960,000	248,375,000	159,101,000		6,812,000	11,752,000	6,972,000	5,286,000	3,608,000	1,341,000	3,556,000	3,193,000	3,566,000	4,151,000	2,949,000	4,308,000	2,656,000	6,703,000	6,563,000	38,349,000	44,266,000	43,416,000	48,553,000	41,000,000	40,714,000	44,918,000	43,297,000	49,508,000	59,024,000	43,462,000	62,269,000	82,126,000	64,201,000	73,274,000	65,920,000	67,295,000	68,829,000	79,686,000	76,965,000	67,159,000	75,448,000	74,305,000	63,818,000	62,706,000	59,708,000	19,021,000	26,840,000	84,288,000	114,818,000	88,122,000	52,517,000	60,805,000	41,289,000	64,987,000	57,563,000	63,061,000	57,260,000
total net sales	5,204,858,000	13,348,366,000	4,828,215,000	4,565,123,000	4,369,195,000	13,198,775,000	4,341,615,000	4,632,634,000	4,694,003,000	14,208,259,000	4,587,057,000	5,081,630,000	4,893,206,000		5,651,707,000	6,212,878,000	5,569,902,000		5,088,288,000	4,465,308,000	3,544,597,000	2,601,245,000	2,330,832,000	2,094,305,000	2,575,100,000	2,350,196,000	2,526,845,000	2,770,515,000	2,817,435,000	2,903,892,000	3,223,547,000	3,090,525,000	2,603,875,000	2,336,479,000	2,443,382,000	2,390,720,000	2,368,216,000	1,910,596,000	2,101,310,000	2,023,902,000	1,741,301,000	1,950,923,000	2,005,007,000	2,047,435,000	2,339,016,000	2,069,761,000	1,830,082,000	1,911,738,000	1,801,340,000	1,795,696,000	1,693,390,000	1,909,803,000	1,982,040,000	2,043,455,000	2,079,731,000	2,015,969,000	1,584,164,000	1,632,799,000	1,555,790,000	792,158,000	814,650,000	2,563,943,000	2,403,939,000	1,902,205,000	1,156,593,000	911,248,000	865,674,000	839,800,000	911,862,000	821,247,000	665,878,000
costs of goods sold	4,441,635,000	11,714,063,000	4,070,335,000	3,946,655,000	3,882,651,000	11,001,406,000	3,736,398,000	3,857,797,000	3,713,205,000	11,114,395,000	3,635,038,000	3,774,772,000	3,837,084,000		4,187,278,000	4,329,536,000	3,787,389,000		3,487,659,000	3,265,616,000	2,744,331,000	2,158,992,000	2,038,017,000	1,809,874,000	2,159,871,000	2,033,787,000	2,167,006,000	2,349,349,000	2,383,865,000	2,382,657,000	2,537,466,000	2,438,443,000	2,140,459,000	2,015,655,000	2,046,864,000	1,998,202,000	1,896,062,000	1,600,654,000	1,692,807,000	1,643,519,000	1,505,265,000	1,722,197,000	1,833,264,000	1,860,393,000	2,050,504,000	1,846,990,000	1,666,778,000	1,714,546,000	1,653,648,000	1,619,432,000	1,536,989,000	1,727,667,000	1,780,776,000	1,844,212,000	1,803,345,000	1,720,215,000	1,444,632,000	1,440,815,000	1,345,308,000	723,321,000	855,277,000	2,118,737,000	1,924,284,000	1,554,896,000	928,142,000	694,666,000	649,271,000	610,654,000	667,058,000	624,692,000	506,391,000
gross profit	763,223,000	1,634,303,000	757,880,000	618,468,000	486,544,000	2,197,369,000	605,217,000	774,837,000	980,798,000	3,093,864,000	952,019,000	1,306,858,000	1,056,122,000		1,464,429,000	1,883,342,000	1,782,513,000		1,600,629,000	1,199,692,000	800,266,000	442,253,000	292,815,000	284,431,000	415,229,000	316,409,000	359,839,000	421,166,000	433,570,000	521,235,000	686,081,000	652,082,000	463,416,000	320,824,000	396,518,000	392,518,000	472,154,000	309,942,000	408,503,000	380,383,000	236,036,000	228,726,000	171,743,000	187,042,000	288,512,000	222,771,000	163,304,000	197,192,000	147,692,000	176,264,000	156,401,000	182,136,000	201,264,000	199,243,000	276,386,000	295,754,000	139,532,000	191,984,000	210,482,000	68,837,000		445,206,000	479,655,000	347,309,000	228,451,000	216,582,000	216,403,000	229,146,000	244,804,000	196,555,000	159,487,000
yoy	56.87%	-25.62%	25.22%	-20.18%	-50.39%	-28.98%	-36.43%	-40.71%	-7.13%		-34.99%	-30.61%	-40.75%		-8.51%	56.99%	122.74%		446.63%	321.79%	92.73%	39.77%	-18.63%	-32.47%	-4.23%	-39.30%	-47.55%	-35.41%	-6.44%	62.47%	73.03%	66.13%	-1.85%	3.51%	-2.93%	3.19%	100.03%	35.51%	137.86%	103.37%	-18.19%	2.67%	5.17%	-5.15%	95.35%	26.38%	4.41%	8.27%	-26.62%	-11.53%	-43.41%	-38.42%	44.24%	3.78%	31.31%	329.64%		-56.88%	-56.12%	-80.18%		105.56%	121.65%	51.57%	-6.68%	10.19%	35.69%
qoq	-53.30%	115.64%	22.54%	27.11%	-77.86%	263.07%	-21.89%	-21.00%	-68.30%	224.98%	-27.15%	23.74%			-22.24%	5.66%			33.42%	49.91%	80.95%	51.03%	2.95%	-31.50%	31.23%	-12.07%	-14.56%	-2.86%	-16.82%	-24.03%	5.21%	40.71%	44.45%	-19.09%	1.02%	-16.87%	52.34%	-24.13%	7.39%	61.15%	3.20%	33.18%	-8.18%	-35.17%	29.51%	36.41%	-17.19%	33.52%	-16.21%	12.70%	-14.13%	-9.50%	1.01%	-27.91%	-6.55%	111.96%	-27.32%	-8.79%	205.77%			-7.18%	38.11%	52.03%	5.48%	0.08%	-5.56%	-6.40%	24.55%	23.24%
gross margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
selling, general and administrative expenses	175,220,000	564,464,000	200,844,000	198,010,000	181,808,000	496,427,000	167,692,000	160,016,000	159,507,000	442,725,000	145,896,000	141,209,000	144,309,000		132,627,000	118,377,000	152,015,000		157,526,000	154,379,000	149,781,000	137,018,000	118,235,000	109,299,000	112,898,000	111,968,000	107,242,000	106,250,000	111,038,000	106,564,000	102,614,000	101,031,000	106,431,000	96,209,000	97,056,000	98,433,000	102,933,000	94,110,000	95,185,000	96,853,000	87,530,000	82,371,000	82,660,000	76,350,000	80,240,000	73,463,000	70,042,000	67,553,000	65,356,000	65,262,000	62,984,000	61,235,000	64,384,000	72,876,000	63,631,000	65,141,000	54,679,000	55,957,000	57,160,000	48,559,000	57,320,000	67,459,000	86,557,000	65,340,000	54,524,000	48,922,000	45,092,000	53,872,000	46,224,000	42,407,000	28,375,000
profit sharing	42,198,000	80,597,000	42,389,000	30,706,000	22,695,000	130,460,000	34,444,000	48,053,000	62,652,000	207,620,000	64,413,000	90,990,000	69,575,000		105,122,000	139,742,000	128,469,000		113,880,000	82,140,000	48,848,000	19,404,000	11,778,000	9,092,000	21,454,000	13,633,000	17,848,000	22,871,000	23,677,000	41,684,000	45,304,000	42,335,000	26,662,000	21,595,000	21,175,000	21,308,000	27,231,000	19,563,000	22,255,000	20,176,000	9,291,000	9,008,000	5,031,000	4,598,000	12,865,000	10,469,000	5,395,000	8,469,000	4,779,000	6,643,000	3,954,000	8,211,000	8,072,000	7,428,000	14,454,000	15,203,000	4,562,000	7,827,000	9,444,000			30,800,000	26,897,000	18,507,000
amortization of intangible assets	7,801,000	21,013,000	6,890,000	6,897,000	6,897,000	22,882,000	7,644,000	7,645,000	7,664,000	25,888,000	8,160,000	10,924,000	6,878,000		6,836,000	7,160,000	7,162,000		7,178,000	7,438,000	7,438,000	7,672,000	6,946,000	7,190,000	7,191,000	8,847,000	6,704,000	7,013,000	7,013,000	7,434,000	6,591,000	6,829,000	6,926,000	7,073,000	7,272,000	7,424,000	7,424,000	7,406,000	7,208,000	7,232,000	7,250,000	6,318,000	6,493,000	6,323,000	6,764,000	6,934,000	6,935,000	7,897,000	8,051,000	8,127,000	8,848,000	8,991,000		10,154,000	10,082,000		11,291,000	11,565,000		13,994,000	15,698,000	10,765,000	8,120,000	11,530,000
operating income	538,004,000	968,229,000	507,757,000	382,855,000	275,144,000	1,547,600,000	395,437,000	559,123,000	750,975,000	2,417,631,000	733,550,000	1,063,735,000	835,360,000		1,219,844,000	1,618,063,000	1,494,867,000		1,322,045,000	955,735,000	594,199,000	258,750,000	155,856,000	158,850,000	273,686,000	181,961,000	228,045,000	285,032,000	291,842,000	365,553,000	531,572,000	501,887,000	323,397,000	195,947,000	271,015,000	265,353,000	334,566,000	56,024,000	283,855,000	256,122,000	131,965,000	131,029,000	77,559,000	99,771,000	188,643,000	131,905,000	80,932,000	113,273,000	69,198,000	96,232,000	72,721,000	103,699,000	119,816,000	108,785,000	188,219,000	205,326,000	69,000,000	116,635,000	132,297,000	6,284,000		336,182,000	358,081,000	251,932,000	173,927,000	167,660,000	171,311,000	175,274,000	198,580,000	154,148,000	131,112,000
yoy	95.54%	-37.44%	28.40%	-31.53%	-63.36%	-35.99%	-46.09%	-47.44%	-10.10%		-39.87%	-34.26%	-44.12%		-7.73%	69.30%	151.58%		748.25%	501.66%	117.11%	42.20%	-31.66%	-44.27%	-6.22%	-50.22%	-57.10%	-43.21%	-9.76%	86.56%	96.14%	89.14%	-3.34%	249.76%	-4.52%	3.60%	153.53%	-57.24%	265.99%	156.71%	-30.05%	-0.66%	-4.17%	-11.92%	172.61%	37.07%	11.29%	9.23%	-42.25%	-11.54%	-61.36%	-49.50%	73.65%	-6.73%	42.27%	3167.44%		-65.31%	-63.05%	-97.51%		100.51%	109.02%	43.74%	-12.41%	8.77%	30.66%
qoq	-44.43%	90.69%	32.62%	39.15%	-82.22%	291.36%	-29.28%	-25.55%	-68.94%	229.58%	-31.04%	27.34%			-24.61%	8.24%			38.33%	60.84%	129.64%	66.02%	-1.88%	-41.96%	50.41%	-20.21%	-19.99%	-2.33%	-20.16%	-31.23%	5.91%	55.19%	65.04%	-27.70%	2.13%	-20.69%	497.18%	-80.26%	10.83%	94.08%	0.71%	68.94%	-22.26%	-47.11%	43.01%	62.98%	-28.55%	63.69%	-28.09%	32.33%	-29.87%	-13.45%	10.14%	-42.20%	-8.33%	197.57%	-40.84%	-11.84%	2005.30%			-6.12%	42.13%	44.85%	3.74%	-2.13%	-2.26%	-11.74%	28.82%	17.57%
operating margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
interest expense, net of capitalized interest	33,241,000	56,470,000	13,573,000	17,381,000	12,131,000	39,276,000	17,071,000	12,719,000	11,978,000	58,069,000	18,415,000	20,767,000	22,507,000		25,347,000	25,667,000	16,669,000		12,704,000	14,898,000	17,269,000	20,206,000	18,950,000	27,702,000	28,019,000	32,322,000	31,339,000	32,321,000	31,122,000	31,652,000	31,560,000	31,512,000	31,896,000	32,380,000	34,177,000	33,869,000	33,973,000	36,149,000	36,199,000	36,646,000	37,043,000	37,084,000	37,163,000	43,087,000	31,904,000	30,050,000	30,569,000	30,970,000	31,465,000	34,629,000	41,490,000	41,106,000	41,112,000	44,702,000	44,812,000	43,346,000	44,286,000	43,448,000	37,515,000
other income	-8,450,000																								-2,589,000	-424,000	-4,545,000	-4,249,000				-5,035,000										239,000		16,192,000	22,072,000						24,010,000		10,248,000							786,000
income before income taxes	513,213,000	979,125,000	513,846,000	387,866,000	280,654,000	1,574,856,000	408,025,000	565,112,000	765,781,000	2,464,344,000	754,599,000	1,074,316,000	847,789,000		1,208,472,000	1,596,417,000	1,457,730,000		1,302,565,000	930,798,000	566,859,000	220,817,000	133,360,000	103,045,000	248,256,000	150,063,000	201,251,000	256,960,000	267,063,000	341,285,000	507,115,000	475,410,000	295,964,000	161,352,000	234,312,000	235,319,000	304,252,000	2,820,000	243,305,000	221,294,000	96,714,000	93,706,000	41,608,000	40,492,000	134,667,000	103,609,000	50,994,000	84,155,000	38,979,000	62,649,000	7,221,000	64,485,000	68,456,000	67,606,000	149,152,000	166,547,000	30,929,000	76,708,000	97,863,000			307,078,000	339,507,000	229,931,000	159,927,000	148,939,000	164,780,000	168,391,000	192,109,000	147,398,000	123,657,000
income tax expense	113,108,000	195,740,000	109,920,000	86,675,000	62,975,000	345,794,000	87,131,000	133,422,000	178,281,000	576,794,000	174,817,000	258,139,000	203,456,000		289,997,000	381,765,000	350,376,000		302,406,000	218,595,000	128,104,000	23,867,000	29,083,000	24,280,000	57,420,000	26,344,000	48,643,000	60,214,000	62,236,000	71,433,000	109,209,000	112,838,000	70,489,000	-141,819,000	83,300,000	82,372,000	105,586,000				35,396,000
net income	400,105,000	783,385,000	403,926,000	301,191,000	217,679,000	1,229,062,000	320,894,000	431,690,000	587,500,000	1,887,550,000	579,782,000	816,177,000	644,333,000		918,475,000	1,214,652,000	1,107,354,000		1,000,159,000	712,203,000	438,755,000	196,950,000	104,277,000	78,765,000	190,836,000	123,719,000	152,608,000	196,746,000	204,827,000	269,852,000	397,906,000	362,572,000	225,475,000	303,171,000	151,012,000	152,947,000	198,666,000	3,832,000	154,413,000	140,443,000	61,318,000	58,867,000	25,325,000	26,954,000	87,657,000	66,341,000	33,698,000	51,090,000	23,273,000	41,252,000	6,105,000	39,305,000	41,777,000	39,857,000	95,826,000	104,230,000	15,355,000	46,797,000	63,389,000			193,008,000	210,494,000	142,557,000	100,591,000	93,942,000	102,164,000	105,066,000	118,723,000	96,869,000	76,049,000
yoy	83.81%	-36.26%	25.88%	-30.23%	-62.95%	-34.89%	-44.65%	-47.11%	-8.82%		-36.88%	-32.81%	-41.81%		-8.17%	70.55%	152.39%		859.14%	804.21%	129.91%	59.19%	-31.67%	-59.97%	-6.83%	-54.15%	-61.65%	-45.74%	-9.16%	-10.99%	163.49%	137.06%	13.49%	7811.56%	-2.20%	8.90%	223.99%	-93.49%	509.73%	421.05%	-30.05%	-11.27%	-24.85%	-47.24%	276.65%	60.82%	451.97%	29.98%	-44.29%	3.50%	-93.63%	-62.29%	172.07%	-14.83%	51.17%			-75.75%	-69.89%			105.45%	106.04%	35.68%	-15.27%	-3.02%	34.34%
qoq	-48.93%	93.94%	34.11%	38.36%	-82.29%	283.01%	-25.67%	-26.52%	-68.87%	225.56%	-28.96%	26.67%			-24.38%	9.69%			40.43%	62.32%	122.77%	88.87%	32.39%	-58.73%	54.25%	-18.93%	-22.43%	-3.95%	-24.10%	-32.18%	9.75%	60.80%	-25.63%	100.76%	-1.27%	-23.01%	5084.39%	-97.52%	9.95%	129.04%	4.16%	132.45%	-6.04%	-69.25%	32.13%	96.87%	-34.04%	119.52%	-43.58%	575.71%	-84.47%	-5.92%	4.82%	-58.41%	-8.06%	578.80%	-67.19%	-26.17%				-8.31%	47.66%	41.72%	7.08%	-8.05%	-2.76%	-11.50%	22.56%	27.38%
net income margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
net loss attributable to noncontrolling interests	3,331,000																									-2,294,000	-1,560,000	-2,444,000	-499,000	152,000	469,000	-123,000	2,076,000	1,562,000	2,246,000	986,000	2,151,000	16,180,000	2,984,000
net income attributable to steel dynamics, inc.	403,436,000	781,910,000	403,685,000	298,726,000	217,151,000	1,219,332,000	317,802,000	427,998,000	584,041,000	1,873,687,000	577,195,000	812,107,000	637,310,000		914,325,000	1,209,554,000	1,103,931,000		990,763,000	702,291,000	430,507,000	187,843,000	100,143,000	75,496,000	187,340,000	121,425,000	151,048,000	194,302,000	204,328,000	270,004,000	398,375,000	362,449,000	227,551,000	304,733,000	153,258,000	153,933,000	200,817,000	20,012,000	157,397,000	141,969,000	62,737,000	60,617,000	31,550,000	30,761,000	91,173,000	72,303,000	38,579,000	57,486,000	28,958,000	48,215,000	12,833,000	44,472,000	45,675,000	43,304,000	98,710,000	105,903,000	18,741,000	49,207,000	64,969,000	-15,991,000	-87,862,000
basic earnings per share attributable to steel
dynamics, inc. stockholders	2.79	0.688	2.75	2.01	1.45	0.515	2.06	2.73	3.68	0.873	3.49	4.83	3.71		5.07	6.49	5.74		4.89
weighted-average common shares outstanding	144,797	147,806	146,947	148,387	150,262	155,420	154,061	156,856	158,666	166,552	165,170	168,009	171,597	183,393	180,264	186,442	192,158	205,115	202,450	209,647	211,015	211,140	210,366	210,343	213,254	219,639	217,873	221,505	224,058	233,923	234,208	235,617	236,623	240,132	239,066	241,343	242,943	243,576	243,761	243,655	243,202	242,074	241,900	241,535	240,087	226,220	223,011	220,926	220,471	219,995	219,191	219,104	218,996	218,674	218,500	217,992	216,881	216,635	216,284	189,848	182,000	195,347	190,351	189,039	89,741	93,429	96,316	93,931	49,843	48,231	43,517
diluted earnings per share attributable to steel
dynamics, inc. stockholders, including the effect
of assumed conversions when dilutive	2.78	0.685	2.74	2.01	1.44	0.513	2.05	2.72	3.67	0.868	3.47	4.81	3.7		5.03	6.44	5.71		4.85
weighted-average common shares and share equivalents outstanding	145,321	148,404	147,600	148,960	150,809	156,136	154,810	157,579	159,354	167,431	166,105	168,865	172,479	184,622	181,613	187,740	193,241	206,615	204,167	211,246	212,254	212,345	211,926	211,378	214,024	220,748	219,109	222,519	224,962	235,193	235,649	236,945	237,723	241,781	240,880	243,021	244,546	245,298	245,682	245,392	244,608	243,822	243,491	242,867	242,244	242,048	241,394	239,001	221,736	238,087	220,044	236,208	236,526	235,759	236,266	236,224	234,543	234,600	234,659	189,848	182,000	196,859	200,345	199,317	94,929	98,781	101,637	105,774	54,893	54,883	50,336
dividends declared per share	0.53	1.5	0.5	0.5	0.5	1.38	0.46	0.46	0.46	1.275	0.425	0.425	0.425		0.34	0.34	0.34		0.26	0.26	0.26	0.25	0.25	0.25	0.25	0.24	0.24	0.24	0.24	0.188	0.188	0.188	0.188	0.155	0.155	0.155	0.155	0.14	0.14	0.14	0.14	0.138	0.138	0.138	0.115	0.115	0.115	0.11	0.11	0.11	0.1	0.1	0.1	0.1	0.1	0.1	0.075	0.075	0.075	0.075	0.1	0.1	0.1	0.1	0.15	0.15	0.15	-0.2	0.3	0.2	0.2
other expense		-67,366,000	-19,662,000	-22,392,000	-17,641,000	-66,532,000	-29,659,000	-18,708,000	-26,784,000	-104,782,000	-39,464,000	-31,348,000	-34,936,000		-13,975,000	-4,021,000	20,468,000		6,776,000	10,039,000	10,071,000	17,727,000	3,546,000	28,103,000					-6,343,000	-7,384,000	-7,103,000		-4,463,000	2,215,000	2,526,000	-3,835,000	-3,659,000	17,055,000	4,351,000																											11,523,000
net income attributable to noncontrolling interests		-1,475,000	-241,000	-2,465,000	-528,000	-9,730,000	-3,092,000	-3,692,000	-3,459,000	-13,863,000	-2,587,000	-4,070,000	-7,023,000		-4,150,000	-5,098,000	-3,423,000		-9,396,000	-9,912,000	-8,248,000	-2,724,750	-4,134,000	-3,269,000	-3,496,000															1,526,000	1,419,000	1,750,000	6,225,000	3,807,000	3,516,000	5,962,000	4,881,000	6,396,000	5,685,000	6,963,000	6,728,000	5,167,000	3,898,000	3,447,000	2,884,000	1,673,000	3,386,000	2,410,000	1,580,000
basic earnings per share attributable to steel dynamics, inc.
stockholders																				3.35
diluted earnings per share attributable to steel dynamics, inc.
stockholders, including the effect of assumed conversions
when dilutive																				3.32	2.03	0.88	0.47	0.36	0.88	0.57	0.69	0.87	0.91	1.18	1.69	1.53	0.96	1.27	0.64	0.63	0.82	0.08	0.64
basic earnings per share attributable to steel dynamics,
inc. stockholders																					2.04	0.89	0.48	0.36	0.88	0.57	0.69	0.88	0.91	1.18	1.7	1.54	0.96	1.27	0.64	0.64	0.83	0.08	0.65
income taxes																																						51,284,750	88,892,000	80,851,000		34,839,000	16,283,000	13,538,000	47,010,000	37,268,000	17,296,000	33,065,000	15,706,000	21,397,000	1,116,000	25,180,000	26,679,000	27,749,000	53,326,000	62,317,000	15,574,000	29,911,000	34,474,000			114,070,000	129,013,000	87,374,000	59,336,000	54,997,000	62,616,000	63,325,000	73,386,000	50,529,000	47,608,000
other income (income)
basic earnings per share attributable to steel dynamics, inc. stockholders																																								0.58	0.26	0.25	0.13	0.13	0.38	0.32	0.17	0.26	0.13	0.22	0.06	0.2	0.21	0.2	0.45	0.49	0.09	0.23	0.3	-0.08	-0.48
diluted earnings per share attributable to steel dynamics, inc. stockholders, including the effect of assumed conversions when dilutive																																								0.58	0.26	0.25	0.13	0.13	0.38	0.31	0.17	0.25	0.13	0.21	0.06	0.2	0.2	0.19	0.43	0.46	0.09	0.22	0.29	-0.08	-0.48
impairment charges																																																	308,000		7,894,000
total selling, general and administrative expenses																																													99,869,000	90,866,000	82,372,000	83,919,000	78,494,000	80,032,000	83,680,000	78,437,000	81,448,000	90,458,000	88,167,000	90,428,000	70,532,000	75,349,000	78,185,000	62,553,000	72,976,000	109,024,000	121,574,000	95,377,000
amortization of intangibles																																																					8,992,000			10,084,000			11,581,000
interest expense, net capitalized interest																																																												37,043,000	36,251,000	37,446,000	35,475,000	29,807,000
basic earnings per share																																																														0.99	1.11	0.75	1.12	1.01	1.06	-1.96	2.38	2.01	1.75
diluted earnings per share, including the effect of assumed conversions																																																														0.98	1.05	0.72			1.01
other income, net other income
interest expense																																																																	14,602,000	7,198,000	7,246,000	8,498,000	7,445,000	8,025,000	8,136,000
other (income) expense
diluted earnings per share, including effect of assumed conversions																																																																	1.06	0.95		1.373	2.17	1.78	1.52

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31

assets
current assets
cash and equivalents	556,527,000	769,878,000	770,356,000	458,048,000	1,186,917,000	589,464,000	1,015,210,000	829,980,000	1,039,421,000	1,400,887,000	1,765,467,000	1,475,356,000	1,604,943,000	1,628,417,000	1,420,497,000	1,007,085,000	1,189,528,000	1,243,868,000	1,095,701,000	1,113,744,000	1,245,165,000	1,368,618,000	1,267,618,000	1,496,458,000	1,235,478,000	1,381,460,000	1,146,007,000	972,561,000	791,444,000	828,220,000	884,315,000	720,445,000	985,824,000	1,028,649,000	1,101,964,000	908,843,000	966,826,000	841,483,000	1,051,489,000	1,052,666,000	976,951,000	473,790,000	419,401,000	160,982,000	159,591,000	357,490,000	342,919,000	370,056,000	243,753,000	477,861,000	287,120,000	420,938,000	357,809,000	456,694,000	277,691,000	160,810,000	270,118,000	191,593,000	225,506,000	18,217,000	16,067,000	22,135,000	115,405,000	58,889,000	10,811,000	12,212,000	28,332,000	29,373,000	20,843,000	53,948,000	195,705,000	65,518,000
accounts receivable	2,050,980,000		1,697,298,000	1,606,114,000	1,647,704,000		1,500,685,000	1,695,840,000	1,665,424,000		1,807,313,000	2,079,949,000	2,072,619,000		2,255,206,000	2,573,539,000	2,285,245,000		1,886,759,000	1,565,317,000	1,360,535,000		915,223,000	841,593,000	995,324,000		983,515,000	1,069,061,000	1,141,038,000		1,224,477,000	1,175,795,000	983,457,000		897,838,000	866,716,000	860,676,000		752,232,000	758,145,000	654,177,000	757,110,000	772,309,000	741,309,000	1,013,503,000	852,440,000	760,654,000	722,867,000	725,105,000	703,896,000	656,517,000	660,351,000	737,531,000	764,715,000	797,577,000	828,514,000	599,108,000	577,380,000	615,624,000	340,426,000	335,715,000	1,032,734,000	1,147,277,000	817,799,000	446,131,000	399,699,000	383,632,000		360,196,000	322,478,000	229,124,000	202,878,000
accounts receivable-related parties	5,454,000	2,411,000	64,663,000	94,861,000	73,097,000	54,230,000	64,272,000	79,552,000	73,636,000	73,245,000	74,736,000	63,015,000	54,355,000	79,769,000	78,788,000	87,176,000	78,423,000	5,049,000	6,036,000	5,707,000	5,928,000	3,937,000	3,619,000	2,463,000	3,084,000	2,958,000	3,431,000	3,818,000	2,357,000	3,536,000	3,713,000	4,388,000	4,198,000	22,422,000	25,179,000	20,178,000	22,471,000	26,219,000	27,227,000	35,858,000	35,024,000	41,915,000	44,213,000	28,432,000	45,165,000	58,356,000	50,446,000	50,006,000	48,022,000	49,405,000	56,233,000	55,089,000	51,643,000	51,153,000	51,824,000	55,423,000	55,837,000	50,928,000	34,108,000	24,310,000	26,124,000	89,914,000	87,333,000	82,117,000	45,326,000	42,425,000	38,346,000		43,003,000	31,813,000	31,771,000	38,830,000
inventories	3,908,120,000	3,738,516,000	3,195,660,000	3,260,899,000	3,099,054,000	3,113,733,000	3,044,887,000	3,073,637,000	3,027,143,000	2,894,632,000	2,941,634,000	3,044,009,000	2,988,852,000	3,129,964,000	3,376,532,000	3,647,061,000	3,516,815,000	3,531,130,000	2,894,970,000	2,481,832,000	2,217,534,000	1,843,548,000	1,609,216,000	1,567,017,000	1,644,538,000	1,689,043,000	1,767,020,000	1,802,759,000	1,867,700,000	1,859,168,000	1,853,862,000	1,787,109,000	1,600,058,000	1,519,347,000	1,487,516,000	1,418,732,000	1,361,550,000	1,275,211,000	1,275,575,000	1,175,716,000	1,066,823,000	1,321,397,000	1,292,069,000	1,453,242,000	1,664,212,000	1,320,871,000	1,332,101,000	1,192,032,000	1,168,499,000	1,170,159,000	1,209,079,000	1,252,153,000	1,270,941,000	1,158,848,000	1,195,194,000	1,186,168,000	1,008,309,000	1,017,874,000	900,889,000	738,470,000	833,074,000	1,356,992,000	1,201,640,000	894,759,000	744,534,000	726,236,000	626,218,000	569,317,000	557,726,000	528,683,000	381,505,000	398,684,000
other current assets	274,089,000	293,117,000	351,428,000	231,100,000	190,297,000	163,131,000	173,179,000	141,635,000	138,557,000	162,790,000	138,605,000	122,025,000	127,022,000	195,371,000	99,210,000	90,144,000	79,624,000	209,591,000	104,106,000	98,509,000	67,744,000	74,363,000	59,219,000	39,043,000	45,351,000	76,012,000	50,818,000	61,248,000	52,628,000	72,730,000	50,110,000	39,927,000	38,705,000	91,509,000	59,648,000	37,188,000	33,442,000	83,197,000	30,121,000	28,072,000	41,258,000	28,744,000	32,004,000	34,846,000	29,263,000	23,216,000	24,363,000	25,126,000	33,028,000	24,056,000	24,107,000	15,816,000	15,029,000	18,646,000	15,164,000	18,913,000	21,451,000	14,844,000	12,091,000	22,017,000	35,725,000	61,977,000	67,566,000	62,522,000	27,264,000	31,493,000	10,593,000	15,167,000	14,705,000	21,853,000	13,300,000	13,307,000
total current assets	6,795,170,000	6,484,171,000	6,079,405,000	5,690,599,000	6,216,705,000	5,431,338,000	6,443,576,000	6,239,011,000	6,597,436,000	6,787,826,000	7,228,599,000	7,396,055,000	7,562,560,000	7,638,018,000	7,813,444,000	7,756,010,000	7,149,635,000	6,901,023,000	5,987,572,000	5,265,109,000	4,896,906,000	4,258,447,000	3,854,895,000	4,016,120,000	4,142,968,000	4,253,025,000	4,020,320,000	4,023,601,000	4,028,890,000	4,032,657,000	4,131,477,000	3,817,664,000	3,652,242,000	3,508,342,000	3,572,145,000	3,251,657,000	3,244,965,000	2,929,675,000	3,136,644,000	3,050,457,000	2,774,233,000	2,651,795,000	2,591,392,000	2,452,225,000	2,930,136,000	2,630,186,000	2,528,354,000	2,385,315,000	2,242,089,000	2,448,941,000	2,262,224,000	2,458,344,000	2,526,857,000	2,496,227,000	2,373,859,000	2,277,120,000	2,010,022,000	1,910,116,000	1,934,753,000	1,301,531,000	1,366,811,000	2,575,775,000	2,627,538,000	1,927,542,000	1,290,146,000	1,226,553,000	1,100,732,000	1,036,197,000	1,014,739,000	976,121,000	858,355,000	725,733,000
property, plant and equipment	8,549,876,000	8,569,466,000	8,493,550,000	8,465,478,000	8,322,652,000	8,117,988,000	7,825,869,000	7,433,564,000	7,063,990,000	6,734,218,000	6,313,366,000	5,783,622,000	5,491,201,000	5,373,665,000	5,146,606,000	4,886,555,000	4,827,962,000	4,751,430,000	4,654,192,000	4,526,892,000	4,340,411,000	4,105,569,000	3,862,375,000	3,587,450,000	3,327,605,000	3,135,886,000	3,031,731,000	2,947,243,000	2,936,893,000	2,945,767,000	2,901,658,000	2,909,033,000	2,657,937,000	2,675,904,000	2,708,777,000	2,729,721,000	2,760,544,000	2,787,215,000	2,928,226,000	2,885,844,000	2,914,186,000	3,013,659,000	3,047,401,000	3,085,587,000	3,420,654,000	2,177,007,000	2,197,503,000	2,241,067,000	2,232,852,000	2,232,413,000	2,213,703,000	2,208,660,000	2,199,509,000	2,168,444,000	2,176,314,000	2,187,698,000	2,214,105,000	2,237,927,000	2,240,375,000	2,144,360,000	2,108,657,000	1,997,495,000	1,916,403,000	1,720,276,000	1,358,204,000	1,249,178,000	1,161,914,000	1,136,703,000	1,118,533,000	1,113,709,000	990,506,000	999,969,000
intangible assets	323,489,000	331,290,000	206,549,000	213,439,000	220,336,000	227,234,000	234,806,000	242,450,000	250,095,000	257,759,000	265,845,000	274,005,000	260,629,000	267,507,000	276,586,000	281,022,000	288,183,000	295,345,000	302,522,000	309,700,000	317,139,000	324,577,000	306,574,000	313,520,000	320,711,000		249,598,000	256,302,000	263,315,000		236,563,000	243,154,000	249,983,000		263,357,000	269,129,000	276,553,000		291,814,000	265,476,000	272,528,000	353,561,000	358,402,000	364,620,000	406,318,000	372,819,000	379,488,000	393,531,000	401,104,000	408,832,000	425,034,000	433,559,000	442,277,000	460,206,000	469,719,000	479,480,000	500,021,000	511,002,000	522,245,000	557,194,000	551,489,000	625,537,000	636,649,000	488,436,000	198,678,000	14,110,000	11,973,000		12,478,000	12,335,000
goodwill	477,471,000	477,471,000	477,471,000	477,471,000	477,471,000	477,471,000	477,471,000	477,471,000	477,471,000	477,471,000	477,471,000	477,471,000	502,067,000	502,067,000	451,594,000	452,341,000	453,088,000	453,835,000	454,683,000	455,530,000	456,378,000	457,226,000	474,520,000	451,220,000	452,068,000	452,915,000	540,913,000	526,462,000	530,716,000	429,645,000	502,900,000	508,275,000	386,045,000	386,893,000	388,518,000	390,129,000	391,740,000	393,351,000	399,867,000	394,275,000	395,872,000	740,243,000	741,898,000	743,528,000	727,128,000	728,751,000	730,360,000	733,650,000	735,281,000	736,912,000	740,192,000	741,817,000	743,441,000	746,737,000	748,383,000	750,029,000	753,355,000	753,355,000	756,624,000	780,321,000	812,161,000	781,555,000	789,580,000	518,759,000	200,637,000	48,490,000	30,966,000	30,966,000	30,966,000	30,720,000
other assets	574,213,000	557,382,000	708,055,000	701,651,000	693,264,000	681,202,000	678,099,000	668,761,000	637,758,000	651,146,000	643,675,000	620,244,000	403,303,000	378,727,000	359,468,000	335,286,000	337,769,000	129,601,000	137,016,000	130,100,000	117,062,000	119,743,000	119,192,000	100,031,000	101,571,000	106,038,000	100,685,000	104,306,000	97,419,000	25,166,000	25,770,000	26,395,000	26,606,000	10,745,000	10,848,000	12,121,000	12,387,000	11,454,000	11,440,000	14,069,000	15,220,000	63,662,000	68,099,000	70,636,000	75,790,000	57,979,000	59,564,000	97,726,000	101,353,000	106,076,000	106,927,000	101,194,000	104,549,000	111,104,000	110,461,000	111,830,000	112,386,000	112,813,000	117,578,000	84,474,000	70,744,000	66,838,000	65,763,000	154,732,000	40,993,000	30,963,000	29,785,000	25,223,000	26,316,000	27,053,000	30,619,000	30,397,000
total assets	16,720,219,000	16,419,780,000	15,965,030,000	15,548,638,000	15,930,428,000	14,935,233,000	15,659,821,000	15,061,257,000	15,026,750,000	14,908,420,000	14,928,956,000	14,551,397,000	14,219,760,000	14,159,984,000	14,047,698,000	13,711,214,000	13,056,637,000	12,531,234,000	11,535,985,000	10,687,331,000	10,127,896,000	9,265,562,000	8,617,556,000	8,468,341,000	8,344,923,000	8,275,765,000	7,943,247,000	7,857,914,000	7,857,233,000	7,703,563,000	7,798,368,000	7,504,521,000	6,972,813,000	6,855,732,000	6,960,737,000	6,670,130,000	6,704,035,000	6,423,732,000	6,787,562,000	6,629,676,000	6,391,642,000	6,842,541,000	6,826,763,000	6,735,838,000	7,578,283,000	5,985,202,000	5,913,857,000	5,874,305,000	5,735,910,000	5,956,574,000	5,775,516,000	5,971,380,000	6,043,627,000	6,003,481,000	5,900,453,000	5,827,605,000	5,610,459,000	5,545,805,000	5,582,122,000	4,881,812,000	4,926,079,000	6,054,879,000	6,043,589,000	4,821,612,000	3,095,301,000	2,575,886,000	2,341,392,000	2,247,017,000	2,208,803,000	2,164,473,000	1,881,619,000	1,757,687,000
liabilities and equity
current liabilities
accounts payable	1,366,020,000	1,223,776,000	1,201,459,000	1,216,907,000	1,252,529,000	972,645,000	1,074,501,000	1,205,679,000	1,174,060,000	1,078,645,000	1,049,317,000	1,039,149,000	1,126,795,000	1,007,304,000	1,153,299,000	1,365,608,000	1,202,033,000	1,266,833,000	1,208,499,000	1,167,102,000	1,113,250,000	760,536,000	702,991,000	696,845,000	602,875,000	509,687,000	518,909,000	516,109,000	582,284,000	536,743,000	595,286,000	657,496,000	544,419,000	473,765,000	512,290,000	467,611,000	514,788,000	382,126,000	427,790,000	450,945,000	407,405,000	378,594,000	438,363,000	367,267,000	621,579,000	422,761,000	401,539,000	411,201,000	355,678,000	401,407,000	364,380,000	381,250,000	462,492,000	453,232,000	443,693,000	437,531,000	356,042,000	354,550,000	380,284,000	225,753,000	239,355,000	644,263,000	757,590,000	473,150,000	320,276,000	212,239,000	218,156,000	145,938,000	192,730,000	167,920,000	178,501,000	111,067,000
accounts payable-related parties	13,474,000	7,582,000	13,306,000	10,276,000	5,157,000	7,267,000	5,315,000	7,729,000	9,533,000	9,685,000	10,858,000	9,435,000	12,171,000	9,934,000	11,848,000	15,206,000	11,525,000	13,722,000	11,938,000	16,502,000	21,422,000	8,919,000	12,690,000	5,087,000	9,285,000	3,657,000	9,720,000	9,047,000	9,183,000	14,011,000	15,742,000	18,305,000	18,199,000	15,683,000	16,393,000	16,392,000	16,170,000	13,070,000	10,046,000	10,322,000	6,170,000	7,776,000	8,335,000	9,695,000	18,542,000	17,930,000	15,629,000	15,205,000	8,652,000	9,225,000	12,833,000	11,924,000	9,765,000	9,107,000	12,166,000	15,883,000	10,289,000	8,786,000	10,028,000	1,693,000	4,559,000	8,532,000	14,682,000	21,551,000	5,288,000	6,079,000	7,316,000		1,966,000	1,766,000	1,614,000	4,475,000
income taxes payable	135,202,000	67,315,000	3,088,000	2,069,000	43,249,000	3,783,000	6,248,000	6,070,000	150,103,000	5,524,000	30,343,000	39,177,000	129,082,000	6,520,000	41,121,000	36,976,000	229,360,000	13,746,000	80,167,000	80,520,000	52,969,000	2,386,000	827,000	25,411,000	17,806,000	2,014,000	2,074,000	3,032,000	26,896,000	7,468,000	10,872,000	38,273,000	14,564,000	3,696,000	5,596,000	5,589,000	80,741,000	5,593,000	35,733,000	43,367,000	9,960,000	14,246,000	2,411,000	5,116,000	26,949,000	19,448,000	23,531,000	7,649,000	2,862,000	13,438,000	12,014,000	2,164,000	14,383,000	14,844,000	11,531,000	19,640,000	5,431,000	2,008,000	30,723,000			31,614,000	63,728,000	98,479,000	31,739,000	26,365,000	85,347,000	30,497,000	33,846,000
accrued payroll and benefits	225,703,000	361,494,000	302,245,000	233,395,000	173,318,000	373,216,000	334,859,000	277,307,000	209,782,000	469,143,000	405,556,000	321,303,000	209,522,000	610,558,000	545,311,000	428,758,000	275,621,000	539,812,000	406,538,000	276,232,000	182,044,000	201,778,000	177,935,000	148,055,000	124,181,000	208,287,000	181,785,000	148,747,000	114,575,000	264,542,000	228,911,000	170,470,000	113,001,000	195,909,000	171,508,000	138,360,000	106,733,000	164,543,000	143,986,000	112,625,000	81,246,000	95,150,000	78,201,000	66,427,000	107,484,000	74,155,000	57,384,000	79,589,000	65,698,000	59,488,000										37,157,000	39,492,000
accrued expenses	408,196,000	427,432,000	435,199,000	354,974,000	373,258,000	366,682,000	389,360,000	343,525,000	329,490,000	309,312,000	336,242,000	293,102,000	296,524,000	340,646,000	323,331,000	300,663,000	270,178,000	278,549,000	258,551,000	200,849,000	176,422,000	178,618,000	171,307,000	154,243,000	167,718,000	175,405,000	162,692,000	151,161,000	141,239,000	146,613,000	136,111,000	130,234,000	112,975,000	125,138,000	128,701,000	118,337,000	109,400,000	113,556,000	112,521,000	105,378,000	97,567,000	102,510,000	97,215,000	87,302,000	113,851,000	86,486,000	87,715,000	82,157,000	80,209,000	80,257,000	166,845,000	168,928,000	186,247,000	203,191,000	173,440,000	199,211,000	193,919,000	165,842,000	202,961,000	81,025,000	91,547,000	274,886,000	247,934,000	184,329,000		92,401,000	79,114,000	94,024,000
current maturities of long-term debt	22,124,000	34,655,000	1,429,000	1,460,000	418,947,000	426,990,000	882,013,000	815,642,000	425,696,000	459,987,000	86,061,000	56,869,000	46,452,000	57,334,000	22,951,000	37,130,000	68,390,000	97,174,000	55,056,000	93,505,000	81,226,000	86,894,000	82,229,000	73,926,000	70,106,000	89,356,000	82,150,000	72,131,000	80,958,000	24,234,000	14,776,000	18,266,000	9,646,000	28,795,000	182,661,000	19,971,000	2,965,000	3,632,000	16,155,000	18,047,000	22,770,000	31,584,000	35,075,000	30,727,000	131,858,000	61,761,000	343,722,000	335,341,000	324,241,000	231,582,000	30,114,000	439,912,000	439,633,000	1,210,000	1,552,000	1,216,000	8,438,000	6,341,000	6,333,000	1,049,000	65,450,000	65,203,000			55,683,000	699,000	95,693,000	80,686,000	30,772,000	649,000	1,072,000	2,156,000
total current liabilities	2,170,719,000	2,122,254,000	1,956,726,000	1,819,081,000	2,266,458,000	2,150,583,000	2,692,296,000	2,655,952,000	2,298,664,000	2,332,296,000	1,918,377,000	1,759,035,000	1,820,546,000	2,032,296,000	2,131,396,000	2,201,872,000	2,090,646,000	2,227,369,000	2,054,289,000	1,852,245,000	1,661,189,000	1,258,787,000	1,175,628,000	1,115,426,000	1,031,720,000	1,006,698,000	1,005,275,000	925,736,000	1,003,090,000	1,019,137,000	1,049,665,000	1,058,586,000	860,740,000	868,519,000	1,066,529,000	795,892,000	881,447,000	712,815,000	794,113,000	779,224,000	673,046,000	677,858,000	698,588,000	618,334,000	1,041,540,000	713,223,000	951,431,000	954,202,000	869,849,000	814,687,000	605,399,000	1,019,449,000	1,121,868,000	717,467,000	670,846,000	689,644,000	595,452,000	554,298,000	640,011,000	488,389,000	729,650,000	1,674,710,000	1,395,509,000	1,009,980,000	672,778,000	580,402,000	501,429,000	399,490,000	372,889,000	273,246,000	244,228,000	207,177,000
long-term debt	4,178,669,000	4,176,508,000	3,781,026,000	3,779,559,000	3,777,132,000	2,804,017,000	2,801,871,000	2,212,802,000	2,612,246,000	2,611,069,000	3,009,010,000	3,010,829,000	3,014,358,000	3,013,241,000	3,012,120,000	3,011,116,000	3,010,109,000	3,008,702,000	3,019,175,000	3,016,486,000	3,016,200,000	3,015,782,000	2,636,615,000	2,636,722,000	2,646,012,000	2,644,988,000	2,355,243,000	2,355,917,000	2,354,427,000	2,352,489,000	2,351,979,000	2,352,127,000	2,353,703,000	2,353,145,000	2,351,483,000	2,354,337,000	2,353,744,000	2,353,194,000	2,570,837,000	2,573,186,000	2,575,528,000
deferred income taxes	1,042,980,000	1,004,375,000	1,105,134,000	957,564,000	918,435,000	902,186,000	943,154,000	928,321,000	923,745,000	944,768,000	961,117,000	941,491,000	898,112,000	889,103,000	856,650,000	853,407,000	856,790,000	854,905,000	722,220,000	652,059,000	602,185,000	536,288,000	512,503,000	503,034,000	489,248,000	484,169,000	468,248,000	457,784,000	447,087,000	435,838,000	398,814,000	375,719,000	314,736,000	305,949,000	461,399,000	459,639,000	454,426,000	448,375,000	450,159,000	433,116,000	416,260,000	28,839,000	31,396,000	33,414,000	18,402,000	17,813,000	17,871,000	25,228,000	23,682,000	23,564,000	28,229,000	26,917,000	26,089,000	21,652,000	21,114,000	21,007,000	24,786,000	21,678,000	21,585,000	32,179,000	26,631,000	12,023,000	8,317,000	11,456,000				13,964,000				6,516,000
other liabilities	194,449,000	186,232,000	151,819,000	148,384,000	134,509,000	133,201,000	143,200,000	143,968,000	144,336,000	180,760,000	182,161,000	175,073,000	180,321,000	129,539,000	112,327,000	95,929,000	120,918,000	120,087,000	117,367,000	136,189,000	113,125,000	106,479,000	94,011,000	73,237,000	72,004,000	75,055,000	70,126,000	70,196,000	63,171,000	8,870,000	11,833,000	18,330,000	20,257,000	21,811,000	20,305,000	20,781,000	19,711,000	20,649,000	20,751,000	19,544,000	19,302,000	16,405,000	16,147,000	15,936,000	24,922,000	22,356,000	22,843,000	22,898,000	20,324,000	19,947,000	18,564,000	81,795,000	82,613,000	77,391,000	63,794,000	62,944,000	62,145,000	61,594,000	60,957,000	67,095,000	65,759,000	63,027,000	44,003,000	39,705,000
total liabilities	7,586,817,000	7,489,369,000	6,994,705,000	6,704,588,000	7,096,534,000	5,989,987,000	6,580,521,000	5,941,043,000	5,978,991,000	6,068,893,000	6,070,665,000	5,886,428,000	5,913,337,000	6,064,179,000	6,112,493,000	6,162,324,000	6,078,463,000	6,211,063,000	5,913,051,000	5,656,979,000	5,392,699,000	4,917,336,000	4,418,757,000	4,328,419,000	4,238,984,000	4,210,910,000	3,898,892,000	3,809,633,000	3,867,775,000	3,816,334,000	3,812,291,000	3,804,762,000	3,549,436,000	3,549,424,000	3,899,716,000	3,630,649,000	3,709,328,000	3,535,033,000
commitments and contingencies
redeemable noncontrolling interests	141,226,000	141,226,000	141,226,000	141,226,000	171,212,000	171,212,000	171,212,000	171,212,000	171,212,000	171,212,000	171,212,000	171,212,000	186,205,000	181,503,000	172,403,000	168,303,000	227,914,000	211,414,000	186,814,000	176,414,000	163,614,000	158,614,000	155,414,000	152,414,000	151,014,000	143,614,000	143,614,000	139,930,000	139,930,000	111,240,000	111,240,000	111,240,000	111,240,000	111,240,000	111,240,000	111,240,000	111,240,000	111,240,000	126,340,000	126,340,000	126,340,000	126,340,000	125,972,000	126,340,000	126,340,000	124,180,000	121,834,000	110,054,000	104,734,000
equity
common stock voting, 0.0025 par value; 900,000,000 shares authorized;
268,694,600 and 268,644,427 shares issued; and 144,443,460 and 144,940,102
shares outstanding, as of march 31, 2026 and december 31, 2025, respectively	653,000
treasury stock
as of march 31, 2026 and december 31, 2025, respectively	-8,088,699,000
additional paid-in capital	1,237,939,000	1,248,634,000	1,243,261,000	1,229,809,000	1,218,235,000	1,229,819,000	1,220,089,000	1,207,771,000	1,197,176,000	1,217,610,000	1,214,894,000	1,204,134,000	1,194,079,000	1,212,566,000	1,219,947,000	1,213,481,000	1,204,023,000	1,218,933,000	1,219,438,000	1,210,833,000	1,202,945,000	1,207,392,000	1,200,228,000	1,191,614,000	1,183,776,000	1,181,012,000	1,175,512,000	1,167,505,000	1,160,139,000	1,160,048,000	1,156,556,000	1,149,367,000	1,142,871,000	1,141,534,000	1,147,463,000	1,141,050,000	1,135,892,000	1,132,749,000	1,132,365,000	1,125,519,000	1,115,008,000	1,104,832,000	1,099,669,000	1,088,605,000	1,075,593,000	1,058,921,000	1,092,281,000	1,060,780,000	1,050,470,000	1,045,973,000	1,033,857,000	1,033,086,000	1,031,043,000	1,023,295,000	1,019,061,000	1,010,698,000	988,972,000	983,780,000	978,090,000	958,558,000	544,971,000	538,445,000	583,756,000	562,847,000	392,269,000	386,935,000	375,887,000	367,772,000	419,430,000	414,792,000	421,648,000	405,900,000
retained earnings	16,015,823,000	15,689,042,000	15,495,603,000	15,165,119,000	14,940,418,000	14,798,082,000	14,660,426,000	14,413,148,000	14,056,868,000	13,545,590,000	13,189,468,000	12,681,894,000	11,940,621,000	11,375,765,000	10,799,863,000	9,945,710,000	8,800,883,000	7,761,417,000	6,721,734,000	5,783,184,000	5,134,398,000	4,758,969,000	4,624,019,000	4,576,629,000	4,553,882,000	4,419,296,000	4,349,523,000	4,250,419,000	4,109,034,000	3,958,320,000	3,730,662,000	3,376,163,000	3,057,904,000	2,874,693,000	2,606,831,000	2,490,373,000	2,373,718,000	2,210,459,000	2,224,963,000	2,101,729,000	1,993,910,000	2,250,901,000	2,223,599,000	2,225,354,000	2,300,660,000	2,237,147,000	2,192,413,000	2,149,389,000	2,116,262,000	2,111,597,000	2,049,011,000	2,058,108,000	2,035,569,000	2,003,486,000	1,982,051,000	1,905,207,000	1,829,659,000	1,827,194,000	1,794,247,000	1,682,208,000	1,714,310,000	1,921,240,000	1,746,544,000	1,555,860,000	1,348,576,000	1,261,085,000	1,180,700,000	1,093,271,000	1,002,668,000	898,522,000	811,581,000	744,344,000
accumulated other comprehensive loss	-858,000	-598,000	-1,328,000																												-42,000	-105,000
total steel dynamics, inc. equity	9,164,858,000	8,957,182,000	8,995,142,000	8,864,052,000	8,824,710,000	8,934,287,000	9,081,502,000	9,130,773,000	9,072,408,000	8,866,666,000	8,893,535,000	8,707,983,000	8,336,637,000	8,130,357,000	7,971,156,000	7,588,348,000	6,964,354,000	6,304,641,000	5,607,926,000	5,020,114,000	4,728,792,000	4,345,164,000	4,201,183,000	4,145,250,000	4,113,526,000	4,075,834,000	4,056,641,000	4,064,490,000	4,008,111,000	3,935,071,000	4,033,768,000	3,746,981,000	3,470,719,000	3,351,574,000	3,104,725,000	3,080,939,000	3,035,179,000	2,927,020,000	2,965,917,000	2,835,837,000	2,717,209,000	2,959,896,000	2,927,413,000	2,918,077,000	2,978,084,000	2,897,897,000	2,568,795,000	2,492,437,000	2,448,999,000	2,439,133,000	2,363,025,000	2,371,349,000	2,346,224,000	2,301,568,000	2,275,899,000	2,190,691,000
noncontrolling interests	-172,682,000	-167,997,000	-166,043,000	-161,228,000	-162,028,000	-160,253,000	-173,414,000	-181,771,000	-195,861,000	-198,351,000	-206,456,000	-214,226,000	-216,419,000	-216,055,000	-208,354,000	-207,761,000	-214,094,000	-195,884,000	-171,806,000	-166,176,000	-157,209,000	-155,552,000	-157,798,000	-157,742,000	-158,601,000	-154,593,000	-155,900,000	-156,139,000	-158,583,000	-159,082,000	-158,931,000	-158,462,000	-158,582,000	-156,506,000	-154,944,000	-152,698,000	-151,712,000	-149,561,000	-140,555,000																		12,037,000	13,618,000	13,417,000	13,953,000	14,274,000
total equity	8,992,176,000	8,789,185,000	8,829,099,000	8,702,824,000	8,662,682,000	8,774,034,000	8,908,088,000	8,949,002,000	8,876,547,000	8,668,315,000	8,687,079,000	8,493,757,000	8,120,218,000	7,914,302,000	7,762,802,000	7,380,587,000	6,750,260,000	6,108,757,000	5,436,120,000	4,853,938,000	4,571,583,000	4,189,612,000	4,043,385,000	3,987,508,000	3,954,925,000	3,921,241,000	3,900,741,000	3,908,351,000	3,849,528,000	3,775,989,000	3,874,837,000	3,588,519,000	3,312,137,000	3,195,068,000	2,949,781,000	2,928,241,000	2,883,467,000	2,777,459,000	2,825,362,000	2,698,266,000	2,581,166,000	2,829,445,000	2,798,728,000	2,796,753,000	2,911,649,000	2,835,030,000	2,512,496,000	2,447,734,000	2,410,737,000	2,406,590,000	2,339,054,000	2,354,136,000	2,332,561,000	2,282,666,000	2,257,194,000	2,173,400,000
total liabilities and equity	16,720,219,000	16,419,780,000	15,965,030,000	15,548,638,000	15,930,428,000	14,935,233,000	15,659,821,000	15,061,257,000	15,026,750,000	14,908,420,000	14,928,956,000	14,551,397,000	14,219,760,000	14,159,984,000	14,047,698,000	13,711,214,000	13,056,637,000	12,531,234,000	11,535,985,000	10,687,331,000	10,127,896,000	9,265,562,000	8,617,556,000	8,468,341,000	8,344,923,000	8,275,765,000	7,943,247,000	7,857,914,000	7,857,233,000	7,703,563,000	7,798,368,000	7,504,521,000	6,972,813,000	6,855,732,000	6,960,737,000	6,670,130,000	6,704,035,000	6,423,732,000	6,787,562,000	6,629,676,000	6,391,642,000	6,842,541,000	6,826,763,000	6,735,838,000	7,578,283,000	5,985,202,000	5,913,857,000	5,874,305,000	5,735,910,000	5,956,574,000	5,775,516,000	5,971,380,000	6,043,627,000	6,003,481,000	5,900,453,000	5,827,605,000
short-term investments				39,577,000	19,636,000	147,811,000	645,343,000	418,367,000	653,255,000	721,210,000	500,844,000	611,701,000	714,769,000	628,215,000	583,211,000	351,005,000								69,546,000	219,193,000	262,174,000	69,529,000	114,154,000	173,723,000	228,783,000
as of december 31, 2025 and 2024, respectively		1,680,249,000
common stock voting, .0025 par value; 900,000,000 shares authorized;
268,644,427 and 268,377,165 shares issued; and 144,940,102 and 151,117,153
shares outstanding, as of december 31, 2025 and 2024, respectively		653,000
268,417,974 and 268,377,165 shares issued; and 146,156,096 and 151,117,153
shares outstanding, as of september 30, 2025 and december 31, 2024, respectively			652,000
as of september 30, 2025 and december 31, 2024, respectively			-7,743,046,000
268,417,974 and 268,377,165 shares issued; and 147,788,364 and 151,117,153
shares outstanding, as of june 30, 2025 and december 31, 2024, respectively				652,000
as of june 30, 2025 and december 31, 2024, respectively				-7,532,706,000
accumulated other comprehensive income				1,178,000			-445,000	-1,428,000	-13,000	421,000	-494,000	1,027,000	1,800,000	889,000	-2,748,000	-4,999,000	9,296,000	-2,091,000	10,583,000	32,344,000	5,667,000	1,902,000	95,000	216,000	30,000	-7,000	39,000	78,000	130,000	301,000
268,417,974 and 268,377,165 shares issued; and 149,380,035 and 151,117,153
shares outstanding, as of march 31, 2025 and december 31, 2024, respectively					652,000
as of march 31, 2025 and december 31, 2024, respectively					-7,334,595,000
as of december 31, 2024 and 2023, respectively						1,362,969,000
268,377,165 and 268,112,991 shares issued; and 151,117,153 and 160,018,100
shares outstanding, as of december 31, 2024 and 2023, respectively						652,000
268,142,204 and 268,112,991 shares issued; and 153,042,184 and 160,018,100
shares outstanding, as of september 30, 2024 and december 31, 2023, respectively							651,000
as of september 30, 2024 and december 31, 2023, respectively							-6,799,219,000
268,142,204 and 268,112,991 shares issued; and 155,617,909 and 160,018,100
shares outstanding, as of june 30, 2024 and december 31, 2023, respectively								651,000
as of june 30, 2024 and december 31, 2023, respectively								-6,489,369,000
268,142,204 and 268,112,991 shares issued; and 157,878,760 and 160,018,100
shares outstanding, as of march 31, 2024 and december 31, 2023, respectively									651,000
as of march 31, 2024 and december 31, 2023, respectively									-6,182,274,000
as of december 31, 2023, and december 31, 2022, respectively										1,535,062,000
268,112,991 and 267,762,488 shares issued; and 160,018,100 and 172,936,163
shares outstanding, as of december 31, 2023, and december 31, 2022, respectively										651,000
267,772,737 and 267,762,488 shares issued; and 163,489,456 and 172,936,163
shares outstanding, as of september 30, 2023 and december 31, 2022, respectively											650,000
as of september 30, 2023 and december 31, 2022, respectively											-5,510,983,000
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												650,000
as of june 30, 2023 and december 31, 2022, respectively												-5,179,722,000
267,772,737 and 267,762,488 shares issued; and 170,170,375 and 172,936,163
shares outstanding, as of march 31, 2023 and december 31, 2022, respectively													650,000
as of march 31, 2023 and december 31, 2022, respectively													-4,800,513,000
as of december 31, 2022, and december 31, 2021, respectively														1,976,282,000
267,762,488 and 267,224,622 shares issued; and 172,936,163 and 194,997,922
shares outstanding, as of december 31, 2022, and december 31, 2021, respectively														650,000
accrued interest															33,535,000	17,531,000	33,539,000	17,533,000	33,540,000	17,535,000	33,856,000	19,656,000	27,649,000	11,859,000	39,749,000	18,292,000	47,945,000	25,509,000	47,955,000	25,526,000	47,967,000	25,542,000	47,936,000	25,533,000	49,380,000	29,632,000	50,650,000	30,295,000	47,882,000	38,540,000	47,928,000	47,998,000	38,988,000	51,800,000	21,277,000	30,682,000	21,911,000	23,060,000	32,509,000	19,290,000										27,656,000	58,191,000									9,810,000		8,952,000
267,228,549 and 267,224,622 shares issued; and 176,563,632 and 194,997,922
shares outstanding, as of september 30, 2022 and december 31, 2021, respectively															649,000
as of september 30, 2022 and december 31, 2021, respectively															-4,046,555,000
267,224,622 and 267,224,622 shares issued; and 182,610,729 and 194,997,922
shares outstanding, as of june 30, 2022 and december 31, 2021, respectively																649,000
as of june 30, 2022 and december 31, 2021, respectively																-3,566,493,000
267,224,622 and 267,224,622 shares issued; and 189,247,115 and 194,997,922
shares outstanding, as of march 31, 2022 and december 31, 2021, respectively																	649,000
as of march 31, 2022 and december 31, 2021, respectively																	-3,050,497,000
as of december 31, 2021, and december 31, 2020, respectively																		1,911,385,000
267,224,622 and 266,618,566 shares issued; and 194,997,922 and 210,914,264
shares outstanding, as of december 31, 2021, and december 31, 2020, respectively																		649,000
as of december 31, 2021, and december 31, 2020 respectively																		-2,674,267,000
266,618,566 shares issued; and 199,778,688 and 210,914,264
shares outstanding, as of september 30, 2021 and december 31, 2020, respectively																			648,000
as of september 30, 2021 and december 31, 2020, respectively																			-2,344,477,000
266,618,566 shares issued; and 205,307,447 and 210,914,264
shares outstanding, as of june 30, 2021 and december 31, 2020, respectively																				648,000
as of june 30, 2021 and december 31, 2020, respectively																				-2,006,895,000
266,618,566 shares issued; and 211,218,956 and 210,914,264
shares outstanding, as of march 31, 2021 and december 31, 2020, respectively																					648,000
as of march 31, 2021 and december 31, 2020, respectively																					-1,614,866,000
december 31, 2020, and december 31, 2019, respectively																						967,981,000
266,618,566 and 266,072,787 shares issued; and 210,914,264 and 214,502,639
shares outstanding, as of december 31, 2020, and december 31, 2019, respectively																						648,000
as of december 31, 2020, and december 31, 2019 respectively																						-1,623,747,000
266,072,787 and 266,072,787 shares issued; and 210,366,497 and 214,502,639
shares outstanding, as of september 30, 2020 and december 31, 2019, respectively																							646,000
as of september 30, 2020 and december 31, 2019, respectively																							-1,623,805,000
266,072,787 and 266,072,787 shares issued; and 210,364,813 and 214,502,639
shares outstanding, as of june 30, 2020 and december 31, 2019, respectively																								646,000
as of june 30, 2020 and december 31, 2019, respectively																								-1,623,855,000
266,079,627 and 266,072,787 shares issued; and 210,338,959 and 214,502,639
shares outstanding, as of march 31, 2020 and december 31, 2019, respectively																									646,000
as of march 31, 2020 and december 31, 2019, respectively																									-1,624,808,000
accounts receivable, net of related allowances of 15,867 and 17,495 as of
december 31, 2019, and december 31, 2018, respectively																										841,378,000
intangible assets, net of accumulated amortization of 322,611 and 294,449 as of
266,072,787 and 265,822,402 shares issued; and 214,502,639 and 225,272,174
shares outstanding, as of december 31, 2019, and december 31, 2018, respectively																										646,000
as of december 31, 2019, and december 31, 2018 respectively																										-1,525,113,000
265,553,499 and 265,822,402 shares issued; and 215,740,572 and 225,272,174
shares outstanding, as of september 30, 2019 and december 31, 2018, respectively																											645,000
as of september 30, 2019 and december 31, 2018, respectively																											-1,469,078,000
265,553,499 and 265,822,402 shares issued; and 219,797,547 and 225,272,174
shares outstanding, as of june 30, 2019 and december 31, 2018, respectively																												645,000
as of june 30, 2019 and december 31, 2018, respectively																												-1,354,157,000
265,552,825 and 265,822,402 shares issued; and 222,931,285 and 225,272,174
shares outstanding, as of march 31, 2019 and december 31, 2018, respectively																													645,000
as of march 31, 2019 and december 31, 2018, respectively																													-1,261,837,000
accounts receivable, net of related allowances of 17,495 and 15,036 as of
december 31, 2018, and december 31, 2017, respectively																														1,040,220,000
intangible assets, net of accumulated amortization of 294,449 and 269,868 as of
265,822,402 and 265,003,133 shares issued; and 225,272,174 and 237,396,839
shares outstanding, as of december 31, 2018, and december 31, 2017, respectively																														645,000
as of december 31, 2018, and december 31, 2017 respectively																														-1,184,243,000
short term investments																															115,000,000	90,000,000	40,000,000
265,117,573 and 265,003,133 shares issued; and 233,422,108 and 237,396,839
shares outstanding, as of september 30, 2018 and december 31, 2017, respectively																															644,000
as of september 30, 2018 and december 31, 2017, respectively																															-854,052,000
265,006,573 and 265,003,133 shares issued; and 235,096,384 and 237,396,839
shares outstanding, as of june 30, 2018 and december 31, 2017, respectively																																644,000
as of june 30, 2018 and december 31, 2017 respectively																																-779,088,000
265,080,663 and 265,003,133 shares issued; and 236,095,748 and 237,396,839
shares outstanding, as of march 31, 2018 and december 31, 2017, respectively																																	644,000
as of march 31, 2018 and december 31, 2017 respectively																																	-730,700,000
accounts receivable, net of related allowances of 15,036 and 14,413 as of
december 31, 2017, and december 31, 2016, respectively																																		846,415,000
restricted cash																																		16,939,000	17,092,000	17,373,000	17,846,000	18,060,000	19,571,000	19,555,000	19,603,000	19,621,000	19,571,000	19,242,000	18,257,000	18,460,000	18,588,000	23,016,000	23,231,000	23,400,000	27,436,000	27,806,000	26,994,000	20,763,000	21,717,000	21,448,000	20,570,000	20,592,000	10,547,000	13,932,000	16,217,000	7,679,000	7,656,000	11,867,000	6,643,000	6,592,000	6,022,000	5,702,000	5,771,000	4,535,000	2,139,000	1,588,000
intangible assets, net of accumulated amortization of 269,868 and 294,676 as of
265,003,133 and 264,130,544 shares issued; and 237,396,839 and 243,785,485
shares outstanding, as of december 31, 2017, and december 31, 2016, respectively																																		644,000
as of december 31, 2017, and december 31, 2016 respectively																																		-665,297,000
264,161,359 and 264,130,544 shares issued; and 236,951,784 and 243,785,485
shares outstanding, as of september 30, 2017 and december 31, 2016, respectively																																			641,000
as of september 30, 2017 and december 31, 2016 respectively																																			-650,210,000
264,161,359 and 264,130,544 shares issued; and 239,872,874 and 243,785,485
shares outstanding, as of june 30, 2017 and december 31, 2016, respectively																																				641,000
as of june 30, 2017 and december 31, 2016 respectively																																				-551,125,000
264,135,545 and 264,130,544 shares issued; and 242,110,745 and 243,785,485
shares outstanding, as of march 31, 2017 and december 31, 2016, respectively																																					641,000
as of march 31, 2017 and december 31, 2016 respectively																																					-475,072,000
accounts receivable, net of related allowances of 14,413 and 9,765 as of
december 31, 2016, and 2015, respectively																																						703,565,000
intangible assets, net of accumulated amortization of 294,676 and 265,940 as of
264,130,544 and 262,937,139 shares issued; and 243,785,485 and 243,089,514
shares outstanding, as of december 31, 2016, and december 31, 2015, respectively																																						641,000
as of december 31, 2016, and december 31, 2015 respectively																																						-416,829,000
263,396,348, and 262,937,139 shares issued; and 243,770,777, and 243,089,514
shares outstanding, as of september 30, 2016 and december 31, 2015, respectively																																							640,000
as of september 30, 2016 and december 31, 2015 respectively																																							-392,051,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 263,370,594, and 262,937,139 shares issued; and 243,745,023, and 243,089,514 shares outstanding, as of june 30, 2016 and december 31, 2015, respectively																																								639,000
net sales
unrelated parties																																								1,978,984,000	1,698,004,000	1,901,415,000	1,945,983,000	2,003,973,000	2,276,747,000	1,987,635,000	1,765,881,000	1,838,464,000	1,735,420,000		1,624,561,000	1,830,117,000	1,905,075,000	1,976,296,000	2,004,283,000	1,941,664,000
related parties																																								44,918,000	43,297,000	49,508,000	59,024,000	43,462,000	62,269,000	82,126,000	64,201,000	73,274,000	65,920,000		68,829,000	79,686,000	76,965,000	67,159,000	75,448,000	74,305,000
total net sales																																								2,023,902,000	1,741,301,000	1,950,923,000	2,005,007,000	2,047,435,000	2,339,016,000	2,069,761,000	1,830,082,000	1,911,738,000	1,801,340,000		1,693,390,000	1,909,803,000	1,982,040,000	2,043,455,000	2,079,731,000	2,015,969,000
costs of goods sold																																								1,643,519,000	1,505,265,000	1,722,197,000	1,833,264,000	1,860,393,000	2,050,504,000	1,846,990,000	1,666,778,000	1,714,546,000	1,653,648,000		1,536,989,000	1,727,667,000	1,780,776,000	1,844,212,000	1,803,345,000	1,720,215,000
gross profit																																								380,383,000	236,036,000	228,726,000	171,743,000	187,042,000	288,512,000	222,771,000	163,304,000	197,192,000	147,692,000		156,401,000	182,136,000	201,264,000	199,243,000	276,386,000	295,754,000
selling, general and administrative expenses																																								96,853,000	87,530,000	82,371,000	82,660,000	76,350,000	80,240,000	73,463,000	70,042,000	67,553,000	65,356,000		62,984,000	61,235,000	64,384,000	72,876,000	63,631,000	65,141,000
profit sharing																																								20,176,000	9,291,000	9,008,000	5,031,000	4,598,000	12,865,000	10,469,000	5,395,000	8,469,000	4,779,000		3,954,000	8,211,000	8,072,000	7,428,000	14,454,000	15,203,000
amortization of intangible assets																																								7,232,000	7,250,000	6,318,000	6,493,000	6,323,000	6,764,000	6,934,000	6,935,000	7,897,000	8,051,000		8,848,000	8,991,000		10,154,000	10,082,000
operating income																																								256,122,000	131,965,000	131,029,000	77,559,000	99,771,000	188,643,000	131,905,000	80,932,000	113,273,000	69,198,000		72,721,000	103,699,000	119,816,000	108,785,000	188,219,000	205,326,000
interest expense, net of capitalized interest																																								36,646,000	37,043,000	37,084,000	37,163,000	43,087,000	31,904,000	30,050,000	30,569,000	30,970,000	31,465,000		41,490,000	41,106,000	41,112,000	44,702,000	44,812,000	43,346,000
other income (income)
income before income taxes																																								221,294,000	96,714,000	93,706,000	41,608,000	40,492,000	134,667,000	103,609,000	50,994,000	84,155,000	38,979,000		7,221,000	64,485,000	68,456,000	67,606,000	149,152,000	166,547,000
income taxes																																								80,851,000		34,839,000	16,283,000	13,538,000	47,010,000	37,268,000	17,296,000	33,065,000	15,706,000		1,116,000	25,180,000	26,679,000	27,749,000	53,326,000	62,317,000
net income																																								140,443,000	61,318,000	58,867,000	25,325,000	26,954,000	87,657,000	66,341,000	33,698,000	51,090,000	23,273,000		6,105,000	39,305,000	41,777,000	39,857,000	95,826,000	104,230,000
net income attributable to noncontrolling interests																																								1,526,000	1,419,000	1,750,000	6,225,000	3,807,000	3,516,000	5,962,000	4,881,000	6,396,000	5,685,000		6,728,000	5,167,000	3,898,000	3,447,000	2,884,000	1,673,000
net income attributable to steel dynamics, inc.																																								141,969,000	62,737,000	60,617,000	31,550,000	30,761,000	91,173,000	72,303,000	38,579,000	57,486,000	28,958,000		12,833,000	44,472,000	45,675,000	43,304,000	98,710,000	105,903,000
basic earnings per share attributable to steel dynamics, inc. stockholders																																								580	260	250	130	130	380	320	170	260	130		60	200	210	200	450	490
weighted-average common shares outstanding																																								243,655,000	243,202,000	242,074,000	241,900,000	241,535,000	240,087,000	226,220,000	223,011,000	220,926,000	220,471,000		219,191,000	219,104,000	218,996,000	218,674,000	218,500,000	217,992,000
diluted earnings per share attributable to steel dynamics, inc. stockholders, including the effect of assumed conversions when dilutive																																								580	260	250	130	130	380	310	170	250	130		60	200	200	190	430	460
weighted-average common shares and share equivalents outstanding																																								245,392,000	244,608,000	243,822,000	243,491,000	242,867,000	242,244,000	242,048,000	241,394,000	239,001,000	221,736,000		220,044,000	236,208,000	236,526,000	235,759,000	236,266,000	236,224,000
dividends declared per share																																								140	140	137.5	137.5	137.5	115	115	115	110	110		100	100	100	100	100	100
common stock voting, .0025 par value; 900,000,000 shares authorized; 263,142,777, and 262,937,139 shares issued; and 243,500,764, and 243,089,514 shares outstanding, as of march 31, 2016 and december 31, 2015, respectively																																									639,000
other income																																										239,000		16,192,000	22,072,000		-631,000				24,010,000		10,248,000
income tax expense																																									35,396,000
senior term loan																																										228,125,000	231,250,000	234,375,000	189,062,000	199,375,000
senior notes																																										2,350,000,000	2,350,000,000	2,350,000,000	2,700,000,000	1,500,000,000	1,500,000,000	1,500,000,000	1,500,000,000	1,500,000,000
other long-term debt																																										37,694,000	38,324,000	39,069,000	40,932,000	42,753,000	45,341,000	46,744,000	40,493,000	41,093,000	35,491,000	36,224,000	36,707,000	41,550,000	40,293,000	40,780,000	71,938,000	64,179,000	62,364,000	42,392,000	30,314,000	15,884,000	17,785,000	16,085,000	16,536,000	16,750,000	16,836,000		17,368,000	17,887,000	17,807,000
total long-term debt																																										2,615,819,000	2,619,574,000	2,623,444,000	2,929,994,000	1,742,128,000	1,755,028,000	1,773,619,000	1,774,243,000	2,069,214,000	2,173,925,000	1,928,097,000	1,932,019,000	2,379,050,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 261,938,768, and 261,420,126 shares issued; and 242,090,224, and 241,449,423 shares outstanding, as of september 30, 2015 and december 31, 2014, respectively																																										636,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 261,904,809, and 261,420,126 shares issued; and 242,055,377, and 241,449,423 shares outstanding, as of june 30, 2015 and december 31, 2014, respectively																																											636,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 261,539,685 and 261,420,126 shares issued; and 241,688,172 and 241,449,423 shares outstanding, as of march 31, 2015 and december 31, 2014, respectively																																												635,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 260,332,348 and 258,840,350 shares issued; and 240,365,196 and 222,867,408 shares outstanding, as of september 30, 2014 and december 31, 2013, respectively																																													649,000
impairment charges																																																	308,000		7,894,000
total selling, general and administrative expenses																																													99,869,000	90,866,000	82,372,000	83,919,000	78,494,000		83,680,000	78,437,000	81,448,000	90,458,000	88,167,000	90,428,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 259,588,037 and 258,840,350 shares issued; and 239,620,885 and 222,867,408 shares outstanding, as of june 30, 2014 and december 31, 2013, respectively																																														647,000
term note																																															209,687,000	226,875,000	233,750,000	240,625,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 259,046,646 and 258,840,350 shares issued; and 223,173,055 and 222,867,408 shares outstanding, as of march 31, 2014 and december 31, 2013, respectively																																															646,000
investments in short-term commercial paper																																																				9,998,000	64,982,000
convertible senior notes																																																		287,496,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 257,314,197 and 255,592,901 shares issued; and 221,349,383 and 219,522,655 shares outstanding, as of september 30, 2013 and december 31, 2012, respectively																																																641,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 256,630,645 and 255,592,901 shares issued; and 220,665,831 and 219,522,655 shares outstanding, as of june 30, 2013 and december 31, 2012, respectively																																																	640,000
redeemable noncontrolling interest																																																		99,414,000	93,774,000	77,424,000	73,924,000	64,364,000	54,294,000	54,294,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 256,333,083 and 255,592,901 shares issued; and 220,333,057 and 219,522,655 shares outstanding, as of march 31, 2013 and december 31, 2012, respectively																																																		639,000
income taxes receivable																																																			939,000	17,082,000	2,833,000	24,519,000	15,295,000	6,285,000	30,413,000	35,819,000	124,950,000	125,912,000	93,475,000
accrued profit sharing																																																			19,213,000	15,271,000	9,348,000	35,883,000	28,464,000	16,163,000	21,333,000	16,771,000	9,682,000	56,000	56,000	75,212,000	44,767,000	19,994,000	42,363,000	27,619,000	15,803,000	46,341,000	34,426,000	20,752,000
term loan																																																			250,938,000	254,375,000	257,812,000
7 3/8% senior notes due 2012
5.125% convertible senior notes due 2014																																																			287,496,000
6 ¾% senior notes due 2015																																																			500,000,000
7 ¾% senior notes due 2016
6 1/8% senior notes due 2019																																																			400,000,000
7 5/8% senior notes due 2020																																																			350,000,000
6 3/8% senior notes due 2022																																																			350,000,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 255,299,134 and 255,052,811 shares issued; and 219,228,888 and 218,873,720 shares outstanding, as of september 30, 2012 and december 31, 2011, respectively																																																			636,000
7 3/8% senior notes, due 2012																																																						700,000,000	700,000,000	700,000,000	700,000,000	700,000,000	700,000,000	700,000,000	700,000,000	700,000,000	700,000,000	700,000,000
5.125% convertible senior notes, due 2014																																																				287,498,000	287,500,000	287,500,000	287,500,000	287,500,000	287,500,000	287,500,000	287,500,000	287,500,000
6 ¾% senior notes, due 2015																																																				500,000,000	500,000,000	500,000,000	500,000,000	500,000,000	500,000,000	500,000,000	500,000,000	500,000,000		500,000,000		500,000,000
7 ¾% senior notes, due 2016																																																				500,000,000	500,000,000	500,000,000	500,000,000	500,000,000	500,000,000	500,000,000	500,000,000	500,000,000		500,000,000
7 5/8% senior notes, due 2020																																																				350,000,000	350,000,000	350,000,000	350,000,000	350,000,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 255,225,325 and 255,052,811 shares issued; and 219,154,966 and 218,873,720 shares outstanding, as of june 30, 2012 and december 31, 2011, respectively																																																				636,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 255,171,906 and 255,052,811 shares issued; and 219,074,339 and 218,873,720 shares outstanding, as of march 31, 2012 and december 31, 2011, respectively																																																					636,000
amortization of intangibles																																																					8,992,000			10,084,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 255,029,406 and 254,002,799 shares issued; and 218,690,315 and 217,574,826 shares outstanding, as of september 30, 2011 and december 31, 2010, respectively																																																						636,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 254,987,769 and 254,002,799 shares issued; and 218,648,678 and 217,574,826 shares outstanding, as of june 30, 2011 and december 31, 2010, respectively																																																							636,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 254,642,621 and 254,002,799 shares issued; and 218,303,530 and 217,574,826 shares outstanding, as of march 31, 2011 and december 31, 2010, respectively																																																								635,000
liabilities and stockholders’ equity
senior secured revolving credit facility, due 2012																																																												114,000,000	231,000,000	575,000,000
7 5/8% notes, due 2020																																																									350,000,000	350,000,000	350,000,000
stockholders’ equity
common stock voting, .0025 par value; 900,000,000 shares authorized; 253,422,407 and 252,589,627 shares issued; and 216,994,434 and 215,999,801 shares outstanding, as of september 30, 2010 and december 31, 2009, respectively																																																									632,000
total steel dynamics, inc. stockholders’ equity																																																									2,091,639,000	2,083,981,000	2,044,478,000	1,910,530,000	1,524,670,000
total stockholders’ equity																																																									2,103,676,000	2,097,599,000	2,057,895,000	1,924,483,000	1,538,944,000	1,739,394,000	1,987,552,000	1,616,057,000	1,079,959,000	1,184,155,000	1,225,106,000	1,231,108,000	1,172,573,000	1,224,936,000	971,522,000	879,868,000
total liabilities and stockholders’ equity																																																									5,610,459,000	5,545,805,000	5,582,122,000	4,881,812,000	4,926,079,000	6,054,879,000	6,043,589,000	4,821,612,000	3,095,301,000	2,575,886,000	2,341,392,000	2,247,017,000	2,208,803,000	2,164,473,000	1,881,619,000	1,757,687,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 253,233,868 and 252,589,627 shares issued; and 216,805,895 and 215,999,801 shares outstanding, as of june 30, 2010 and december 31, 2009, respectively																																																										631,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 252,908,444 and 252,589,627 shares issued; and 216,437,175 and 215,999,801 shares outstanding, as of march 31, 2010 and december 31, 2009, respectively																																																											630,000
senior secured term a loan																																																															536,000,000	552,100,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 251,398,691 and 218,733,363 shares issued; and 214,808,597 and 181,820,012 shares outstanding, as of june 30, 2009 and december 31, 2008, respectively																																																												626,000
other accumulated comprehensive loss
senior secured term a loan, due 2012																																																													487,700,000	519,900,000
6 3/4% senior notes, due 2015																																																													500,000,000		500,000,000
7 3/4% senior notes, due 2016																																																													500,000,000		500,000,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 218,771,002 and 218,733,363 shares issued; and 182,130,997 and 181,820,012 shares outstanding, as of march 31, 2009 and december 31, 2008, respectively																																																													545,000
4.0% convertible subordinated notes
minority interest																																																														8,939,000	12,304,000	11,513,000	976,000	869,000	1,043,000	1,424,000	1,814,000	1,747,000	1,357,000	1,118,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 218,636,669 and 217,770,922 shares issued; and 183,115,409 and 190,324,402 shares outstanding, as of september 30, 2008 and december 31, 2007, respectively																																																														544,000
other accumulated comprehensive income																																																															5,011,000
senior secured revolving credit facility																																																															201,000,000	147,000,000	97,000,000	215,000,000
other current maturities of long-term debt																																																															65,808,000	65,477,000
4.0% convertible subordinated notes, due 2012																																																															16,000,000	37,250,000
common stock voting, .0025 par value; 900,000,000 shares authorized; 218,551,353 and 217,770,922 shares issued; and 198,191,407 and 190,324,402 shares outstanding, as of june 30, 2008 and december 31, 2007, respectively																																																															544,000
common stock voting, .0025 par value; 400,000,000 shares authorized; 218,161,133 and 217,770,922 shares issued; and 188,849,999 and 190,324,402 shares outstanding, as of march 31, 2008 and december 31, 2007, respectively																																																																543,000
deferred taxes																																																																	16,080,000	14,488,000	13,611,000		18,266,000	17,346,000	6,950,000
other accrued expenses																																																																	120,429,000				79,149,000	72,349,000	63,041,000	80,527,000
senior secured term a loan facility																																																																	495,000,000
9 ½% senior unsecured notes
6 ¾% senior unsecured notes																																																																	500,000,000
subordinated convertible 4.0% notes																																																																	37,250,000	37,500,000	37,500,000		79,995,000	79,995,000	110,000,000
unamortized bond premium																																																																			3,350,000	3,772,000	4,194,000	4,615,000	5,037,000	5,459,000
common stock voting, .005 par value; 200,000,000 shares authorized: 108,578,346 and 107,865,486 shares issued, and 87,242,960 and 96,983,303 shares outstanding, as of september 30, 2007 and december 31, 2006, respectively																																																																	541,000
91¤2% senior unsecured notes
63¤4% senior unsecured notes																																																																		500,000,000
common stock voting, .005 par value; 200,000,000 shares authorized; 108,408,426 and 107,865,486 shares issued, and 91,923,320 and 96,983,303 shares outstanding, as of june 30, 2007 and december 31, 2006, respectively																																																																		540,000
senior unsecured 9½% notes																																																																			300,000,000	300,000,000				300,000,000
common stock voting, .005 par value; 200,000,000 shares authorized; 108,082,420 and 107,865,486 shares issued, and 94,510,185 and 96,983,303 shares outstanding, as of march 31, 2007 and december 31, 2006, respectively																																																																			538,000
accounts receivable, net of related allowances of 6,863 and 5,727 as of december 31, 2006 and 2005, respectively																																																																				355,011,000
accounts receivable—related parties																																																																				53,365,000
intangible assets, net of accumulated amortization of 1,874 as of december 31, 2006																																																																				12,226,000
accounts payable—related parties																																																																				2,004,000
convertible subordinated 4.0% notes																																																																				37,500,000				115,000,000
other secured debt																																																																				16,920,000				17,960,000
common stock voting, .005 par value; 200,000,000 shares authorized; 107,865,486 and 106,111,440 shares issued; and 96,983,303 and 86,367,978 shares outstanding, as of december 31, 2006 and 2005, respectively																																																																				537,000
current assets:
current liabilities:
senior unsecured 9 ½% notes																																																																					300,000,000	300,000,000
stockholders’ equity:
common stock voting, .01 par value...																																																																					537,000	536,000	534,000	529,000
senior unsecured 9.5% notes																																																																							300,000,000
long-term debt:

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31

operating activities:
net income	400,105,000	403,926,000	301,191,000	217,679,000	320,894,000	431,690,000	587,500,000	579,782,000	816,177,000	644,333,000	918,475,000	1,214,652,000	1,107,354,000	1,000,159,000	712,203,000	438,755,000	466,551,000	25,512,000	-112,071,000	190,836,000	525,292,000	-44,138,000	-8,081,000	204,827,000	857,899,000	35,334,000	137,097,000	225,475,000	654,784,000	-1,935,000	-45,719,000	198,666,000	205,593,000	13,970,000	79,125,000	61,318,000	33,542,000	-1,629,000	26,954,000	32,643,000	33,698,000	27,817,000	-17,979,000	41,252,000	-33,200,000	-2,472,000	41,777,000	-55,969,000	-8,404,000	104,230,000	-31,442,000	-18,172,000	64,969,000			-17,486,000	67,937,000	142,557,000	6,649,000	-8,222,000	102,164,000	277,984,000	21,854,000	20,820,000	76,049,000
adjustments to reconcile net income to net cash from
depreciation and amortization	159,280,000	138,487,000	132,865,000	133,756,000	121,052,000	117,053,000	115,252,000	107,418,000	110,970,000	107,694,000	98,714,000	95,701,000	87,546,000	87,407,000	87,047,000	86,919,000	244,037,000	3,031,000	-1,538,000	80,259,000	241,612,000	-1,441,000	737,000	80,174,000	235,815,000	2,263,000	2,985,000	76,135,000	223,789,000	1,409,000	-1,256,000	75,057,000	221,919,000	-605,000	810,000	73,985,000	-62,000	1,451,000	72,822,000	873,000	57,568,000	1,376,000	-235,000	57,061,000	3,451,000	-70,000	55,572,000	-295,000	1,511,000	54,746,000	1,880,000	-874,000	56,272,000	802,000	56,963,000	7,777,000	-5,630,000	53,212,000	875,000	3,713,000	29,265,000	84,196,000	178,000	5,521,000	24,917,000
equity-based compensation	17,451,000	14,238,000	14,063,000	17,040,000	12,828,000	13,013,000	15,612,000	12,044,000	11,678,000	16,078,000	12,093,000	11,069,000	16,519,000	9,917,000	9,808,000	17,040,000	46,112,000	-34,000	-8,324,000	17,844,000	38,790,000	-239,000	-6,228,000	15,308,000	35,339,000	-63,000	-4,800,000	12,841,000	29,322,000	495,000	-4,923,000	11,303,000	25,732,000	-1,312,000	-1,169,000	8,405,000	-1,025,000	-2,186,000	8,543,000	-1,068,000	5,768,000	171,000	-2,409,000	4,753,000	-1,864,000	-3,521,000	6,123,000	21,000	102,000	3,710,000	297,000	560,000	2,769,000	-5,266,000	8,579,000	539,000	-1,175,000	3,929,000	-315,000	-137,000	2,269,000
deferred income taxes	32,669,000	147,570,000	39,129,000	16,249,000	14,832,000	4,577,000	-21,024,000	19,625,000	43,380,000	9,008,000	3,990,000	-2,636,000	2,632,000	71,008,000	50,722,000	66,744,000	37,420,000	-4,246,000	8,707,000	5,927,000	40,410,000	-239,000	-541,000	12,091,000	37,928,000	11,906,000	2,448,000	9,545,000	-139,183,000	-3,565,000	-867,000	7,716,000	35,368,000	164,000	1,227,000	17,087,000	-3,237,000	-350,000	16,717,000			-951,000	-123,000	10,935,000	23,999,000	1,437,000	9,197,000	-1,910,000	-3,907,000	12,935,000	-7,682,000	1,949,000	8,468,000	-1,898,000	7,695,000										128,000
other adjustments	-2,293,000	-7,986,000	-890,000	-4,195,000	-10,523,000	-6,403,000	18,705,000	-12,163,000	1,541,000	-10,006,000	-12,409,000	-640,000	11,157,000	-781,000	-1,472,000	-662,000	13,737,000	12,509,000	4,992,000	-264,000	2,529,000	-552,000	-1,292,000	728,000	-1,557,000	457,000	-175,000	30,000	5,866,000	8,245,000	61,000	-104,000
changes in certain assets and liabilities:
accounts receivable	-373,774,000	-60,985,000	19,825,000	-303,602,000	210,435,000	-36,332,000	-130,753,000	260,915,000	-16,971,000	-70,922,000	326,731,000	-297,047,000	-447,234,000	-321,771,000	-204,561,000	-394,545,000	-53,649,000	-212,623,000	308,424,000	-154,072,000	152,172,000	15,009,000	131,686,000	-61,062,000	-97,849,000	115,441,000	-44,647,000	-118,818,000	-102,931,000	-32,377,000	149,618,000	-153,364,000	-136,001,000						133,084,000						-71,044,000			-1,003,000							141,093,000
inventories	-174,427,000	64,501,000	-163,417,000	13,810,000	28,169,000	-46,645,000	-133,025,000	102,376,000	-55,158,000	141,112,000	270,628,000	-130,552,000	14,315,000	-412,952,000	-264,935,000	-374,588,000	-112,360,000	-115,757,000	33,016,000	44,505,000	182,387,000	-29,462,000	25,472,000	39,469,000	-176,328,000	20,427,000	-9,601,000	-80,711,000	-175,598,000	-9,663,000	29,197,000	-86,819,000	-39,562,000			82,567,000		-3,825,000	164,999,000				-30,688,000	32,348,000	24,218,000									-97,801,000	193,097,000			9,575,000							17,179,000
other assets	21,001,000	-34,551,000	7,789,000	-32,115,000	-11,851,000	1,973,000	-12,176,000	-13,423,000	-4,923,000	7,842,000	-15,789,000	-12,887,000	19,402,000	-20,361,000	-4,285,000	5,828,000	2,347,000	-15,031,000	12,678,000	-1,541,000	13,696,000	-7,253,000	6,991,000	301,000	2,954,000	-5,799,000	-525,000	-105,000	13,422,000	-14,652,000	3,305,000	2,113,000	11,359,000	-9,919,000	9,867,000	746,000		2,878,000	4,508,000	-7,014,000	7,359,000		3,425,000	3,358,000			2,963,000	-683,000	-1,067,000	3,382,000			940,000		17,825,000			2,633,000							3,020,000
accounts payable	156,905,000	-4,817,000	-5,267,000	248,600,000	-13,852,000	-27,251,000	29,499,000	-57,532,000	-114,013,000	117,312,000	-264,313,000	187,521,000	-75,971,000	48,726,000	63,155,000	360,681,000	181,864,000	-68,878,000	17,927,000	51,596,000	-87,556,000	59,595,000	-61,690,000	3,206,000	52,787,000	-63,802,000	-17,413,000	66,332,000	51,175,000	90,332,000	-179,254,000	133,809,000	155,692,000	-102,903,000	-58,927,000	112,659,000				8,344,000	5,041,000			38,988,000			34,902,000		-91,425,000	94,175,000			118,217,000				135,150,000	114,515,000			77,341,000				60,079,000
income taxes receivable/payable	74,432,000	-65,070,000	-82,710,000	42,815,000	-12,971,000	-145,676,000	165,664,000	-7,105,000	-85,486,000	189,247,000	8,269,000	-203,352,000	341,905,000	-353,000	27,551,000	59,593,000	59,678,000	-35,120,000	-44,392,000	52,385,000	-18,388,000	42,721,000	-86,278,000	49,850,000	57,598,000	-53,706,000	-41,383,000	63,962,000	-20,960,000	64,658,000	-173,906,000	96,319,000	-6,500,000	-41,809,000	20,395,000	13,993,000			16,265,000		19,393,000						17,392,000			45,439,000	-51,587,000	23,283,000	37,133,000
accrued expenses	-163,033,000	127,295,000	39,033,000	-197,434,000	100,840,000	76,562,000	-280,037,000	121,762,000	100,611,000	-417,915,000	149,766,000	140,023,000	-258,657,000	169,817,000	111,997,000	-3,574,000	-69,904,000	76,417,000	55,310,000	-76,194,000	-138,856,000	48,728,000	179,144,000	-163,339,000	-9,557,000	31,949,000	124,112,000	-76,751,000	-26,228,000	42,193,000	64,303,000	-44,247,000	29,475,000	15,794,000																19,218,000			55,796,000			36,180,000	39,397,000	844,000	9,301,000			11,770,000	-753,000
net cash from operating activities	148,316,000	722,608,000	301,611,000	152,603,000	759,853,000	382,561,000	355,217,000	1,113,699,000	807,806,000	733,783,000	1,496,155,000	1,001,852,000	818,968,000	630,816,000	587,230,000	262,191,000	835,242,000	-334,220,000	274,729,000	211,281,000	952,088,000	82,729,000	179,920,000	181,553,000	995,029,000	94,407,000	148,098,000	177,935,000	513,458,000	145,140,000	-159,441,000	240,449,000	656,429,000	38,368,000	-130,927,000	288,899,000	-144,834,000	74,505,000	234,707,000			150,551,000	3,005,000	29,710,000	16,764,000	79,181,000	21,421,000	56,466,000	162,060,000	3,937,000	70,069,000	-53,391,000	72,742,000	-143,029,000	214,695,000	21,944,000	-158,305,000	213,596,000			148,435,000	265,396,000			136,032,000
capital expenditures	-137,979,000	-165,692,000	-288,331,000	-305,506,000	-621,355,000	-419,166,000	-374,310,000	-558,361,000	-358,280,000	-226,319,000	-241,229,000	-164,142,000	-159,330,000	-214,629,000	-277,206,000	-309,863,000	-870,408,000	-17,931,000	-92,181,000	-217,535,000	-297,814,000	-69,011,000	-30,684,000	-54,436,000	-168,722,000	-15,465,000	-4,597,000	-50,606,000	-122,140,000	479,000	-1,597,000	-41,677,000	-138,386,000	0	0	0	0	0	0			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0			0	0			0
free cash flows	10,337,000	556,916,000	13,280,000	-152,903,000	138,498,000	-36,605,000	-19,093,000	555,338,000	449,526,000	507,464,000	1,254,926,000	837,710,000	659,638,000	416,187,000	310,024,000	-47,672,000	-35,166,000	-352,151,000	182,548,000	-6,254,000	654,274,000	13,718,000	149,236,000	127,117,000	826,307,000	78,942,000	143,501,000	127,329,000	391,318,000	145,619,000	-161,038,000	198,772,000	518,043,000	38,368,000	-130,927,000	288,899,000	-144,834,000	74,505,000	234,707,000			150,551,000	3,005,000	29,710,000	16,764,000	79,181,000	21,421,000	56,466,000	162,060,000	3,937,000	70,069,000	-53,391,000	72,742,000	-143,029,000	214,695,000	21,944,000	-158,305,000	213,596,000			148,435,000	265,396,000			136,032,000
investing activities:
purchases of property, plant and equipment	-137,979,000	-165,692,000	-288,331,000	-305,506,000	-621,355,000	-419,166,000	-374,310,000	-558,361,000	-358,280,000	-226,319,000	-241,229,000	-164,142,000	-159,330,000	-214,629,000	-277,206,000	-309,863,000	-870,408,000	-17,931,000	-92,181,000	-217,535,000	-297,814,000	-69,011,000	-30,684,000	-54,436,000	-168,722,000	-15,465,000	-4,597,000	-50,606,000	-122,140,000	479,000	-1,597,000	-41,677,000	-138,386,000
purchases of short-term investments			-29,571,000	-10,000,000	-430,826,000	-63,180,000	-205,873,000	-170,887,000	-165,052,000	-356,777,000	-283,188,000	-351,510,000								-149,359,000	-361,275,000	14,581,000	212,000	-49,677,000
proceeds from maturities of short-term investments		39,571,000	9,614,000	137,811,000	204,543,000	298,314,000	272,994,000	282,592,000	267,969,000	271,107,000	49,794,000							-80,103,000	-42,692,000	192,340,000		-29,526,000	4,297,000	104,737,000
other investing activities	-1,087,000	5,593,000	2,592,000	-1,064,000	-4,357,000	-25,554,000	14,255,000	-5,891,000	-217,905,000	2,343,000	4,113,000	4,817,000	410,000	1,024,000	1,859,000	390,000	2,254,000	-423,000	285,000	518,000	3,010,000	1,833,000	549,000	364,000	6,331,000	-81,000	428,000	229,000	30,941,000	-1,306,000	-24,531,000	26,918,000	7,111,000	301,000	-1,848,000	3,054,000	2,909,000	-857,000	1,663,000	-26,570,000	28,884,000	-19,000	-33,071,000	33,934,000	-23,000			-1,195,000			-41,000	473,000	504,000				1,495,000	1,329,000	108,000
net cash from investing activities	-139,066,000	-120,528,000	-305,696,000	-178,759,000	-851,995,000	-209,586,000	-292,934,000	-452,547,000	-473,268,000	-309,646,000	-518,148,000	-510,835,000	-381,400,000	-213,605,000	-275,347,000	-309,473,000	-676,525,000	-157,469,000	14,771,000	-174,036,000	-466,231,000	-85,817,000	67,786,000	-92,424,000	-762,583,000	368,274,000	-410,578,000	-90,377,000	-91,873,000	-6,345,000	-26,128,000	-14,759,000	-145,561,000								4,043,000
financing activities:
issuance of current and long-term debt	599,469,000	407,965,000	484,278,000	1,405,943,000	1,185,657,000	580,613,000	379,268,000	345,563,000	327,132,000	393,910,000	348,286,000	382,868,000	319,779,000	343,007,000	419,464,000	297,441,000	2,227,542,000	-803,960,000	883,513,000	216,261,000	1,445,732,000	3,008,000	3,988,000	121,234,000	335,566,000	-14,530,000	31,513,000	93,058,000	169,826,000	398,982,000			460,992,000	-50,744,000	43,203,000	20,452,000	7,058,000	10,848,000	50,093,000	20,492,000	43,453,000	9,494,000	-409,229,000	409,261,000			289,969,000			5,126,000	23,426,000	-542,548,000	544,550,000	234,626,000	237,059,000	399,100,000	568,900,000	218,000,000
repayment of current and long-term debt	-612,359,000	-408,291,000	-902,605,000	-432,527,000	-527,977,000	-590,053,000	-413,939,000	-316,511,000	-321,143,000	-405,279,000	-363,060,000	-414,719,000	-349,272,000	-382,489,000	-408,565,000	-304,284,000	-1,871,616,000	797,903,000	-868,057,000	-235,757,000	-1,144,164,000	13,887,000	-18,604,000	-115,271,000	-340,452,000	3,050,000	-5,055,000	-113,034,000	-315,001,000	-259,916,000	-33,568,000	-1,429,000	-718,994,000
dividends paid	-72,470,000	-73,894,000	-74,690,000	-69,514,000	-71,584,000	-72,624,000	-68,008,000	-70,713,000	-72,323,000	-58,798,000	-62,088,000	-64,344,000	-50,699,000	-53,380,000	-54,916,000	-52,729,000	-156,656,000	-8,000	-1,103,000	-51,481,000	-147,520,000	752,000	-11,264,000	-42,239,000	-124,832,000	187,000	-7,471,000	-36,797,000	-108,385,000	347,000	-3,397,000	-34,130,000	-101,643,000
purchases of treasury stock	-115,087,000	-210,388,000	-200,048,000	-250,138,000	-309,901,000	-309,064,000	-298,059,000	-331,318,000	-380,206,000	-353,997,000	-481,676,000	-517,024,000	-389,190,000	-337,616,000	-393,198,000					-106,529,000	-233,658,000	-21,814,000	-8,828,000	-84,308,000	-448,604,000	-25,820,000	20,124,000	-69,269,000	-153,157,000	-22,272,000	-15,557,000	-61,256,000
other financing activities	-22,312,000	-5,056,000	-31,718,000	-30,469,000	1,177,000	8,778,000	-23,108,000	1,953,000	-17,579,000	-23,449,000	-6,057,000	-60,241,000	-22,527,000	-4,776,000	-6,094,000	-16,598,000	-35,513,000	7,176,000	-2,611,000	-6,152,000	-26,034,000	-1,515,000	5,708,000	-5,720,000			2,036,000	-5,180,000	-20,823,000			-3,532,000
net cash from financing activities	-222,759,000	-289,664,000	-724,783,000	623,295,000	277,372,000	-382,350,000	-423,846,000	-371,026,000	-464,119,000	-447,613,000	-564,595,000	-673,460,000	-491,909,000	-435,254,000	-443,309,000	-76,170,000	57,228,000	1,111,000	118,271,000	-183,658,000	-105,644,000	-5,682,000	-29,000,000	-126,304,000	-596,823,000	-33,969,000	41,147,000	-131,222,000		112,309,000	2,243,000	-100,347,000	-395,240,000											83,646,000									173,936,000						47,287,000						13,440,000
increase in cash, cash equivalents, and restricted cash	-213,509,000	312,416,000		597,139,000	185,230,000			290,126,000			413,412,000				-131,426,000			-490,578,000				-8,770,000				428,712,000
cash, cash equivalents, and restricted cash at beginning of period	775,272,000	463,281,000	1,192,149,000	595,010,000	835,526,000	1,044,901,000	1,406,464,000	1,480,862,000	1,610,443,000	1,633,919,000	1,012,585,000	1,195,028,000	1,249,369,000	1,119,244,000	1,250,670,000	1,374,122,000		261,358,000	-146,413,000	1,387,397,000		181,531,000	-37,175,000	834,423,000		-264,997,000	-43,664,000	1,035,085,000
cash, cash equivalents, and restricted cash at end of period	561,763,000	775,697,000	463,281,000	1,192,149,000	1,020,756,000	835,526,000	1,044,901,000	1,770,988,000	1,480,862,000	1,610,443,000	1,425,997,000	1,012,585,000	1,195,028,000	1,101,201,000	1,119,244,000	1,250,670,000		-229,220,000	261,358,000	1,240,984,000		172,761,000	181,531,000	797,248,000		163,715,000	-264,997,000	991,421,000
supplemental disclosure information:
cash paid for interest	26,000,000	25,645,000	34,737,000	28,477,000	9,102,000	41,037,000	9,327,000	9,848,000	41,781,000	9,596,000	9,214,000	41,114,000	9,168,000	9,174,000	41,727,000	11,315,000	102,994,000	-51,071,000	50,883,000	8,785,000	125,435,000	-44,866,000	45,375,000	8,606,000	115,391,000	-44,583,000	44,597,000	8,629,000	121,851,000	-40,446,000	41,327,000	12,649,000	124,454,000	-18,869,000	18,808,000	26,286,000	-21,849,000	8,456,000	40,094,000	-18,825,000	39,663,000	22,492,000	-32,149,000	49,732,000	-20,394,000	44,054,000	18,753,000	-56,116,000	55,937,000	15,110,000	-56,977,000	68,224,000	3,769,000	55,466,000	11,984,000	-49,352,000	45,949,000	11,385,000	2,544,000	-14,320,000	16,339,000		12,845,000	-12,097,000	14,268,000
cash paid for income taxes	4,491,000	22,192,000	124,753,000	3,717,000	81,742,000	273,323,000	28,390,000	160,178,000	308,055,000	4,703,000	276,948,000	580,454,000	9,948,000	222,691,000	146,002,000	2,142,000	6,517,000	42,470,000	912,000	518,000	125,731,000	-54,722,000	82,677,000	1,839,000	168,627,000	39,807,000	81,040,000	-1,045,000		-58,993,000	150,562,000	1,554,000
business combinations, net of cash acquired
increase in cash and equivalents, and restricted cash
cash and equivalents, and restricted cash at beginning of period
cash and equivalents, and restricted cash at end of period
decrease in cash, cash equivalents, and restricted cash			-728,868,000			-209,375,000	-361,563,000		-129,581,000	-23,476,000		-182,443,000	-54,341,000	-18,043,000		-123,452,000				-146,413,000				-37,175,000
investments in unconsolidated affiliates													-222,480,000
asset impairment charges
business combination											-47,638,000
												2,022,000
other comprehensive income - net unrealized gain on cash
flow hedging derivatives, net of income tax of (4,465), 8,332,
(908), and 9,508 for the three and six-month periods ended
june 30, 2022 and 2021, respectively												-14,295,000
comprehensive income												1,200,357,000																																									64,969,000			-29,269,000	76,470,000	140,796,000
comprehensive income attributable to noncontrolling interests												-5,098,000
comprehensive income attributable to steel dynamics, inc.												1,195,259,000																																							-30,466,000				-87,524,000
acquisition of business, net of cash acquired																													-674,000				-14,286,000
acquisition of business, net of cash and restricted cash acquired																	-1,000,000							-93,412,000		358,820,000
proceeds from maturities of short term investments																									30,000,000
asset impairment charge
purchases of short term investments																										15,000,000	-10,000,000	-40,000,000
increase in cash and equivalents																												-43,664,000	-5,955,000	251,104,000	-183,326,000	125,343,000	115,628,000	-76,892,000	-174,204,000	249,919,000	-204,030,000							101,944,000				62,122,000					216,498,000				26,113,000	30,403,000
proceeds from exercise of stock options, including related tax effect																																			791,000	2,892,000			1,753,000	5,611,000	2,905,000	4,948,000	-4,637,000	7,614,000	242,000	-756,000	1,097,000	-4,167,000					3,454,000
net cash provided used in financing activities
cash and equivalents at beginning of period																													-67,360,000	-57,983,000	125,343,000	841,483,000	-325,634,000	75,715,000	249,919,000	727,032,000	258,419,000	-200,381,000	361,363,000	-52,237,000	395,156,000	-234,108,000	101,944,000	375,917,000	63,129,000	-32,952,000	390,761,000	116,881,000	-25,703,000	186,513,000	-33,913,000	216,498,000	9,008,000	-166,000	16,233,000	56,516,000	30,403,000	28,486,000	-16,120,000	-1,041,000	29,373,000		-141,757,000	130,187,000	65,518,000
cash and equivalents at end of period																													-73,315,000	193,121,000	-57,983,000	966,826,000	-210,006,000	-1,177,000	75,715,000	976,951,000	54,389,000	258,419,000	160,982,000	14,571,000	342,919,000	126,303,000	-234,108,000	477,861,000	-133,818,000	63,129,000	357,809,000	179,003,000	116,881,000	160,810,000	78,525,000	-33,913,000	225,506,000	2,150,000	16,067,000	-93,270,000	56,516,000	58,889,000	-1,401,000	-16,120,000	28,332,000		-33,105,000	-141,757,000	195,705,000
cash paid (refunded) for income taxes
adjustments to reconcile net income to net cash provided by
loss on disposal of assets																																		-874,000
stock option exercise proceeds, including related tax effect
cash paid for federal and state income taxes																																								40,865,000	2,143,000	-24,338,000			-37,673,000											-6,584,000	159,135,000	1,387,000	-80,581,000	131,349,000	468,000		-33,944,000	93,189,000	1,176,000
adjustments to reconcile net income to net cash from operating activities:
debt issuance cost
distributions to noncontrolling investors
cash paid (received) for federal and state income taxes																																			26,866,000	699,000	-5,874,000	25,585,000	-18,539,000					11,165,000			-955,000	-48,052,000	58,935,000	1,520,000	41,985,000	-28,987,000	-13,010,000
metals recycling segment:
steel segment:																																				142,783,000
fabrication segment:																																				1,925,000
(gain) loss on disposal of assets																																							4,985,000
debt issuance costs
contributions from noncontrolling investors																																									5,370,000	-11,000	4,875,000	411,000	11,203,000	-4,389,000	9,506,000	9,850,000	1,053,000	417,000
butler flat roll division, structural and rail division, and engineered bar division																																				95,000,000
roanoke bar division																																				29,041,000
columbus flat roll division																																				19,682,000
(gain) loss on disposal of property, plant and equipment																																								815,000	2,641,000	1,151,000										-406,000	956,000					14,000
accrued expenses and liabilities																																					21,964,000					-10,796,000
exercise of stock options proceeds, including related tax effect																																					-4,904,000
loss on disposal of property, plant and equipment																																																											13,000						46,000
omnisource — metals recycling/ferrous resources segment																																						-1,630,000	455,097,000		556,611,000	-1,631,000	-1,631,000	563,163,000	-1,625,000	-1,624,000	569,692,000	-1,646,000
the techs — steel segment																																						0	142,783,000		142,783,000	0	0	142,783,000	0	0	142,783,000	0	0	142,783,000
butler flat roll division, structural and rail division, and engineered bar division — metals recycling and ferrous resources segment
roanoke bar division — steel segment																																						0	29,041,000		29,041,000	0	0	29,041,000	0	0	29,041,000	0	0	29,041,000
columbus flat roll division — steel segment																																						0	19,682,000
new millennium building systems — fabrication segment																																						0	1,925,000		1,925,000	0	0	1,925,000	0	0	1,925,000	0	0	1,925,000
decrease in cash and equivalents
butler flat roll division, structural and rail division, and engineered bar division — metals recycling/ferrous resources segment																																							95,000,000
impairment charges
proceeds from maturity of short-term commercial paper																																													-44,986,000
omnisource – metals recycling/ferrous resources segment
the techs – steel segment
roanoke bar division – steel segment
new millennium building systems – fabrication segment
gain on disposal of property, plant and equipment
(gain)loss on disposal of property, plant and equipment
issuance of common stock (net of expenses) and proceeds from exercise of stock options, including related tax effect																																																		8,296,000	-1,418,000					-8,248,000	3,100,000	7,177,000
omnisource — metal recycling/ferrous resources segment																																																		576,280,000
adjustments to reconcile net income to net cash from operating activities
investment in direct financing lease
contribution from noncontrolling investors																																																			-806,000
net income attributable to steel dynamics, inc.																																																			-30,466,000	-15,762,000	64,969,000	71,871,000	-87,862,000
unrealized gain on interest rate swap, net of tax																																																						-95,000	338,000
reversal of unrealized loss on interest rate swap, net of tax
adjustments to reconcile net income attributable to steel dynamics, inc. to net cash from operating activities:
noncontrolling interests
contribution from noncontrolling investor																																																							5,000,000
adjustments to reconcile net income attributable to steel dynamics, inc. to net cash from operating activities
income taxes payable																																																										72,608,000			54,850,000	3,814,000
acquisition of businesses, net of cash acquired
purchase of securities
purchase of treasury stock
cash paid for federal and state income taxes, net of refunds																																																						57,086,000	-55,430,000
unrealized gain on available-for-sale securities, net of tax
operating activities
changes in certain assets and liabilities
investing activities
purchases of securities
financing activities
unrealized loss on available-for-sale securities, net of tax
unamortized bond premium
minority interest																																																									317,000	475,000				238,000	-321,000	150,000	239,000
sales of securities
reversal of unrealized gain upon sale of available-for-sale securities, net of tax
debt issue costs
net cash provided by operating activities
purchase of property, plant and equipment
purchase of short-term investments
maturities of short-term investments																																																																-4,675,000	9,375,000
issuance of long-term debt																																																											-54,000,000
repayment of long-term debt
issuance of common stock (net of expenses) and proceeds and tax benefits from exercise of stock options																																																											-4,847,000	1,773,000	7,187,000	23,865,000	-3,896,000	-7,219,000	15,753,000
issuance (purchase) of treasury stock																																																																-8,471,000	8,664,000
adjustments to reconcile net income to net cash provided by operating activities:
issuance of debt																																																													145,000,000
repayment of debt
increase (decrease) in cash and equivalents																																																																	130,187,000
repayments of long-term debt
cash and equivalents at beginning of year
cash and equivalents at end of year
maturities/sales of short-term investments
intangible asset amortization
gain from debt extinguishment

Steel Dynamics, Inc(NASDAQ:STLD)

Steel Dynamics, Inc
(NASDAQ:STLD)