OverviewSuggest Edit

Steel Dynamics is a company engaged in steel production and metal recycling. It operates in three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. It manufactures flat roll, structural, rail, engineered special bar, merchant bar, and specialty shapes, as well as custom-designed steel products. The company procures, processes, and sells reclaimed ferrous and nonferrous scrap metals. Steel Dynamics also fabricates steel joists, steel decking, trusses, and girders, etc. It serves automotive, construction, manufacturing, and energy markets.

TypePublic
Founded1993
HQFort Wayne, IN, US
Websitesteeldynamics.com
Employee Ratings4.2
Overall CultureA+

Locations

Steel Dynamics is headquartered in
Fort Wayne, United States

Location Map

Latest Updates

Employees (est.) (Dec 2020)9,625(+15%)
Job Openings201
Revenue (FY, 2020)$9.6 B(-8%)
Share Price (Jul 2021)$61.6
Cybersecurity ratingBMore

Key People/Management at Steel Dynamics

Mark Millett

Mark Millett

President, Chief Executive Officer and Director
Theresa Wagler

Theresa Wagler

Executive Vice President and Chief Financial Officer
Russ Rinn

Russ Rinn

Executive Vice President of Metals Recycling President and Chief Operating Officer of OmniSource
Chris Graham

Chris Graham

Senior Vice President, Downstream Manufacturing Group
Glenn Pushis

Glenn Pushis

Senior Vice President, Long Products Steel Group
Barry Schneider

Barry Schneider

Senior Vice President, Flat Roll Steel Group
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Steel Dynamics Office Locations

Steel Dynamics has offices in Fort Wayne, Butler, Columbia City, Columbus and in 5 other locations
Fort Wayne, IN, US (HQ)
7575 W Jefferson Blvd
Butler, IN, US
4500 Co Rd 59
Columbia City, IN, US
2601 S 700 E
Columbus, MS, US
1945 Airport Rd
Huntington, WV, US
2nd Ave & 17th St
Pittsboro, IN, US
8000 N County Rd 225 E
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Steel Dynamics Financials and Metrics

Steel Dynamics Revenue

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Steel Dynamics's revenue was reported to be $9.6 b in FY, 2020 which is a 8.3% decrease from the previous period.
USD

Revenue (Q1, 2021)

3.5b

Gross profit (Q1, 2021)

800.3m

Gross profit margin (Q1, 2021), %

22.6%

Net income (Q1, 2021)

438.8m

EBIT (Q1, 2021)

594.2m

Market capitalization (15-Jul-2021)

13.0b

Closing stock price (15-Jul-2021)

61.6

Cash (31-Mar-2021)

1.2b

EV

14.9b
Steel Dynamics's current market capitalization is $13 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

11.8b10.5b9.6b

Revenue growth, %

24%(11%)(8%)

Cost of goods sold

9.5b8.9b8.2b

Gross profit

2.3b1.5b1.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

2.8b2.8b2.5b2.6b2.1b3.5b

Cost of goods sold

2.4b2.3b2.2b2.2b1.8b2.7b

Gross profit

433.6m421.2m359.8m415.2m284.4m800.3m

Gross profit Margin, %

15%15%14%16%14%23%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

828.2m1.4b1.4b

Accounts Receivable

1.0b841.4m968.0m

Inventories

1.9b1.7b1.8b

Current Assets

4.0b4.3b4.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

791.4m972.6m1.1b1.2b1.5b1.2b

Accounts Receivable

1.1b1.1b983.5m995.3m841.6m1.4b

Inventories

1.9b1.8b1.8b1.6b1.6b2.2b

Current Assets

4.0b4.0b4.0b4.1b4.0b4.9b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.3b677.9m570.8m

Depreciation and Amortization

317.2m321.1m325.8m

Inventories

(246.2m)217.9m(150.6m)

Accounts Payable

37.9m(86.4m)182.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

204.8m401.6m554.2m190.8m269.6m438.8m

Depreciation and Amortization

80.2m161.1m240.6m80.3m159.0m86.9m

Inventories

39.5m104.4m139.9m44.5m122.0m(374.6m)

Accounts Payable

3.2m(55.3m)(54.2m)51.6m121.1m360.7m
USDFY, 2018

EV/EBIT

4.8 x

EV/CFO

5.9 x

Revenue/Employee

1.4m

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2 x

P/E Ratio

5.6
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Steel Dynamics Operating Metrics

FY, 2018FY, 2019FY, 2020

Sheet Steel Produced, tons

7.5 m7.8 m7.6 m

Liquid Pig Iron and Hot Briquetted Iron Produced (Iron Dynamics), metric tons

262 k259 k

Metallic Materials Consumed in Steelmaking Furnaces, tons

10.9 m10.6 m10.4 m

Long Steel Products Produced (Structural and Rail Division), tons

1.64 m1.49 m1.66 m
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Steel Dynamics Acquisitions / Subsidiaries

Company NameDateDeal Size
United Steel Supply, LLCFebruary 04, 2019
Kentucky Electric SteelSeptember 18, 2018$5 m
Vulcan Threaded ProductsJune 30, 2016$126 m
SeverstalJuly 21, 2014$1.6 b
OmniSource CorporationOctober 01, 2007$1 b
Roanoke Electric Steel CorporationOctober 18, 2005$41 m
Mesabi Nugget Delaware, LLC
New Millennium Building Systems, LLC
OmniSource, LLC (f/k/a OmniSource Corporation)
Steel Dynamics Columbus, LLC
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Steel Dynamics Revenue Breakdown

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Steel Dynamics revenue breakdown by business segment: 66.2% from Steel Operations, 21.3% from Metals Recycling Operations, 8.0% from Steel Fabrication Operations and 4.4% from Other

Human Capital Metrics

Source: craft.co
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Steel Dynamics Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Steel Dynamics Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Steel Dynamics Online and Social Media Presence

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Steel Dynamics Company Culture

  • Overall Culture

    A+

    77/100

  • CEO Rating

    A+

    84/100

  • Compensation

    A

    78/100

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Steel Dynamics Frequently Asked Questions

  • When was Steel Dynamics founded?

    Steel Dynamics was founded in 1993.

  • Who are Steel Dynamics key executives?

    Steel Dynamics's key executives are Mark Millett, Theresa Wagler and Russ Rinn.

  • How many employees does Steel Dynamics have?

    Steel Dynamics has 9,625 employees.

  • What is Steel Dynamics revenue?

    Latest Steel Dynamics annual revenue is $9.6 b.

  • What is Steel Dynamics revenue per employee?

    Latest Steel Dynamics revenue per employee is $997.6 k.

  • Who are Steel Dynamics competitors?

    Competitors of Steel Dynamics include Cenergy Holdings, Aurubis and Dutacipta Pakarperkasa.

  • Where is Steel Dynamics headquarters?

    Steel Dynamics headquarters is located at 7575 W Jefferson Blvd, Fort Wayne.

  • Where are Steel Dynamics offices?

    Steel Dynamics has offices in Fort Wayne, Butler, Columbia City, Columbus and in 5 other locations.

  • How many offices does Steel Dynamics have?

    Steel Dynamics has 9 offices.