Profile: Steel Dynamics Inc (STLD.OQ)

STLD.OQ on NASDAQ Stock Exchange Global Select Market

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Steel Dynamics, Inc., incorporated on June 16, 1994, is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. The Company's segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations. The Company offers a range of steel products, which include sheet products, long products and steel finishing.

The Company offers sheet products, such as hot roll, cold roll and coated steel, including a range of specialty products, such as light gauge hot roll, galvanized, galvanneal, Galvalume, Galfan and painted products. Its long products include structural steel beams, pilings, and standard and premium grade rail; engineered special-bar-quality of numerous sizes and chemistries, and various merchant-bar products including rounds, angles, flats, channels and reinforcing bar, and channels and specialty steel sections. Its steel finishing includes turning, polishing, straightening, chamfering, threading, precision saw-cutting, cold draw and heat treating of bar products, and cutting to length, additional straightening, hole punching, shot blasting, welding and coating of beams, channels and specialty steel sections. It offers a range of both ferrous and non-ferrous scrap processing, scrap management, transportation, and brokerage products and services. Its steel fabrication operations include steel joists and steel deck material, including specialty deck.

Steel Operations Segment

The steel operations segment includes its Butler Flat Roll Division, Columbus Flat Roll Division, The Techs galvanizing lines, Structural and Rail Division, Engineered Bar Products Division, Roanoke Bar Division, Steel of West Virginia and Iron Dynamics (IDI). As of December 31, 2016, the segment's operations included six electric arc furnace steel mills, producing steel from ferrous scrap and scrap substitutes, utilizing continuous casting, automated rolling mills and 11 downstream steel coating lines, and various bar processing lines, as well as Iron Dynamics (IDI), its liquid pig iron production facility. The Company's products are used in various industry sectors, including the construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The steel operations segment consists primarily of steelmaking and coating operations. Its sheet steel products consisting of hot roll, cold roll and coated steel products are produced by its Butler Flat Roll Division, Columbus Flat Roll Division and its downstream coating lines.

The Structural and Rail Division produces a range of parallel flange sections, such as Wide Flange Beams, American Standard Beams, Manufactured Housing Beams, H Piling and Channel sections for the construction, transportation and industrial machinery markets. It also produces standard strength carbon, intermediate alloy hardness, and premium grade rails in 40 to 320 feet lengths for the railroad industry. In addition, its rail-welding facility has the ability to weld (Continuous Welded Rail) in lengths up to 1,600 feet. The Engineered Bar Products Division produces a range of engineered special-bar-quality (SBQ), merchant-bar-quality (MBQ), rounded-cornered squares and small-diameter engineered round bars. The Roanoke Bar Division sells angles, merchant rounds, flats, channels, reinforcing bar and billets. Steel of West Virginia primarily sells beams, channels and specialty steel sections.

Metals Recycling Operations Segment

The metals recycling operations segment consists solely of OmniSource Corporation (OmniSource) and includes both ferrous and non-ferrous scrap metal processing, transportation, marketing, brokerage and consulting services. In addition, OmniSource designs, installs and manages customized scrap management programs for industrial manufacturing companies. The Company sells various grades of processed ferrous scrap to end users, such as electric arc furnace steel mills, integrated steelmakers, foundries, secondary smelters and metal brokers. The Company also sells various grades of non-ferrous metals, such as copper, brass, aluminum and stainless steel to ingot manufacturers, copper refineries and mills, smelters, and specialty mills.

The metals recycling operations segment includes the purchase, processing, and resale of ferrous and non-ferrous scrap metals into reusable forms and grades. It processes a range of ferrous products through a range of methods, including sorting, shredding, shearing, cutting, torching, baling, briquetting and breaking. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap and other scrap metal products, such as steel turnings and cast iron. In addition, it processes various grades of non-ferrous products, including aluminum, brass, copper, stainless steel and other nonferrous metals. Additionally, it provides transportation logistics (truck, rail, and river barge), management services, marketing, brokerage and consulting services related to the scrap industry.

Steel Fabrication Operations

As of December 31, 2016, the steel fabrication operations segment included eight New Millennium Building Systems joist and deck plants located throughout the United States and Northern Mexico. It primarily serves the non-residential construction industry throughout the United States. Its fabrication operations produce steel building components, including steel joists, girders, trusses and steel deck. Its joist products include bowstring, arched, scissor, double-pitched and single-pitched joists. Its deck products include a range of steel roof, form, composite floor, specialty architectural, floor systems and bridge deck.

Other Operations

The Other Operations segment consists of subsidiary operations that primarily consist of its Minnesota iron making operations, and smaller joint ventures. The Minnesota ironmaking operations consists of Mesabi Nugget; its iron concentrate and potential iron mining operations, Mesabi Mining, and its iron tailings operations, Mining Resources.

Company Address

Steel Dynamics Inc

FORT WAYNE   IN   46804
P: +1260.4593553
F: +1260.9693590

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