|Traded as||NASDAQ: STLD
S&P 400 Component
|Headquarters||Fort Wayne, Indiana, United States|
|Mark Millett (President & CEO)
Keith Busse (Chairman of the Board)
|9.503 million tons of steel (2016)|
|Revenue||US$7.777 billion (2016) |
|US$0.727 billion (2016) |
|US$0.382 billion (2016) |
|Total assets||US$6.423 billion (2016) |
|Total equity||US$2.777 billion (2016) |
Number of employees
With a production capacity of 11 million tons, Steel Dynamics is the 4th largest producer of carbon steel products in the United States. SDI is among the most profitable American steel companies in terms of profit margins and operating profit per ton.
Steel Dynamics was founded in 1993 by three former executives of Nucor with $370 million in funding. It began production at its $275 million Butler, Indiana, flat roll mill in 1996 and reported its first annual profit in 1997. The company offered many incentive programs for employees to cut cost and improve standards and outperformed most other steel manufactures during the economic downturn at the turn of the century.
In Popular Culture
In 2012 Richard Sarver, an employee of Steel Dynamics' Roanoke Bar Division, wrote Taking the Heat - A Steelworker's Story, a 271-page memoir based on his 32 years of service at the Roanoke Electric Steel Corporation, which was acquired by Steel Dynamics in 2006.
- Steel Dynamics Inc. 2016 Form 10-K Annual Report
- Supplemental Financial Information
- History of Steel Dynamics
- "Steel Dynamics Agrees to Acquire The Techs" (Press release). PRNewswire. June 13, 2007.
- "Steel Dynamics Completes the Acquisition of OmniSource Corporation" (Press release). PRNewswire. October 26, 2007.
- "Steel Dynamics Completes Acquisition of Severstal Columbus" (Press release). PRNewswire. September 16, 2014.
- "Three Steel Companies Hold their Ground in Price-Fixing Lawsuit". US Glass News Network. November 30, 2015.
- Jessica Corso (November 3, 2016). "Final Piece Of $194M Steel Price-Fix Settlement Clears Hurdle". Law360.
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