Revenue distribution by industry:

• Steel production: approx. 70%
• Metal recycling: approx. 20%
• Steel processing: approx. 10%

TOP 3 markets and their percentage shares:

1. Construction industry: approx. 40%
2. Automotive industry: approx. 25%
3. Mechanical engineering: approx. 15%

Steel Dynamics, Inc. generates the majority of its revenue from steel production, which is typical for companies in this industry. The construction sector is the largest market, as steel is an essential component in the construction industry. The automotive industry and mechanical engineering follow, as they are also heavily reliant on steel products. This distribution reflects the strong demand from these industries, which continuously require steel for their production processes.

Production sites of Steel Dynamics, Inc.:

Steel Dynamics, Inc. operates several production facilities in the United States. The most important locations include:

• Butler, Indiana: One of the company's largest steel mills specializing in the production of flat steel products is located here.
• Columbus, Mississippi: This plant is known for manufacturing flat steel products and is one of the most modern facilities of the company.
• Sinton, Texas: A newer plant focusing on the production of flat steel products, opened in 2021 to expand the company's capacities.
• Jeffersonville, Indiana: This facility specializes in the processing and distribution of coated steel products.
• Roanoke, Virginia: Mainly producing structural steel.

Steel Dynamics has strategically positioned itself in various regions of the USA to ensure efficient logistics and supply to its customers. The geographical distribution of the production sites enables the company to flexibly respond to market demands and optimize transportation costs.

Revenue Growth: Estimated 8-10% annually (2025)

Steel Dynamics, Inc. pursues a strategy aimed at diversification and sustainability to secure future growth. The company heavily invests in expanding its production capacities, especially through the expansion of EAF (Electric Arc Furnace) technologies, which are more environmentally friendly than traditional methods.

Another focus is on geographical expansion to tap into new markets and reduce dependence on existing markets. This includes both organic growth and strategic acquisitions.

In addition, Steel Dynamics focuses on innovation in product development to offer specialized steel products with higher added value. This strategy is intended not only to improve margins but also to strengthen the market position in high-growth segments.

Main raw materials: Iron ore, scrap, coal

Main importing countries:

• Iron ore: Brazil, Australia
• Scrap: Canada, Mexico
• Coal: Australia, Canada

Steel Dynamics, Inc. is heavily reliant on the import of raw materials to maintain its steel production. Iron ore and scrap are the primary materials needed for steel production. Brazil and Australia are leading exporters of iron ore, while Canada and Mexico are significant scrap suppliers. Coal, necessary for the blast furnace process, is mainly imported from Australia and Canada.

These import relationships enable Steel Dynamics to ensure a consistent supply of necessary raw materials and to remain competitive in the global steel market.

Market share in the US steel industry: approx. 8% (2023)
EBITDA margin: 17.5% (2023)
Return on Equity (ROE): 32% (2023)

Steel Dynamics, Inc. has established itself as one of the leading steel producers in the USA. The company's competitive advantage lies in its vertical integration and efficient production structure, which enables cost reduction and margin maximization. The EBITDA margin of 17.5% is above average compared to the industry, demonstrating the company's operational efficiency.

Another advantage is the strategic diversification into various steel products and recycling services, making the company more resilient to market fluctuations. The high Return on Equity of 32% indicates that Steel Dynamics effectively increases its equity return, pointing to strong capital allocation and profitability.

Overall, with these key figures and strategic advantages, Steel Dynamics positions itself as a competitive player in the steel industry.

Institutional investor share: approx. 83% (2025, estimated)

Insider purchases/sales: No significant insider transactions in the last year (2025, estimated)

Steel Dynamics, Inc. has a high institutional investor share, indicating the confidence of large investment firms in the stability and growth potential of the company.

In 2025, there were no significant insider transactions, indicating that the management and insiders are satisfied with the current corporate strategy and see no need to significantly change their holdings.

Market share of Steel Dynamics, Inc.: Estimated around 5-7% (2025)

Top competitors and their market shares:

1. ArcelorMittal: around 10-12%
2. Nucor Corporation: around 8-10%
3. United States Steel Corporation: around 6-8%
4. Steel Dynamics, Inc.: around 5-7%
5. POSCO: around 5-6%
6. Tata Steel: around 4-5%
7. Nippon Steel Corporation: around 4-5%

Steel Dynamics, Inc. has a moderate market share compared to its competitors. The company benefits from a diversified product portfolio and an efficient production structure, which can be seen as a certain moat. These factors enable Steel Dynamics to reduce costs and react flexibly to market changes.

Compared to major competitors like ArcelorMittal and Nucor Corporation, which have larger production capacities and a stronger global presence, the moat of Steel Dynamics is less pronounced. These competitors often have the advantage of broader geographic diversification and a stronger negotiating position in terms of raw material procurement and distribution.

Overall, Steel Dynamics has a solid, but not dominant, moat. The company's competitiveness heavily relies on its ability to drive innovation and increase operational efficiency to differentiate itself from larger competitors.

Revenue Growth: 18% (2024) Profit Growth: 14% (2024) Return on Equity: 25% (2024)

Steel Dynamics, Inc. experienced strong revenue growth of 18% in 2024, attributed to increased demand for steel products and efficient production increases. The profit growth of 14% in the same year indicates that the company was able to effectively manage its cost structure and improve its margins.

The return on equity of 25% suggests high efficiency in utilizing equity, which is attractive to investors as it indicates strong profitability.

Additionally, the company has invested in technological innovations and sustainable production methods in recent years, strengthening its competitive position in the industry. These strategic initiatives could lead to further growth opportunities in the long term.

Overall, Steel Dynamics, Inc. demonstrates solid fundamental data and strategic foresight, making it a potentially good investment, provided that macroeconomic conditions remain stable and demand for steel continues to be strong.

Dividend yield: 2.4% (2025, estimated)
Dividend growth: 10% annually (last 3 years, estimated)

Steel Dynamics, Inc. regularly pays out a dividend. The dividend yield is currently around 2.4%, which can be considered attractive compared to other companies in the steel industry.

In recent years, the company has experienced a consistent dividend growth of an average of 10% per year. This reliability in payout indicates stable financial health and positive cash flow development, which is attractive to investors seeking regular returns.

Steel Dynamics' dividend policy shows that the company aims to provide its shareholders with continuous value, as evidenced by the consistent increase in dividends.