STLD Steel Dynamics Inc.

Steel Dynamics, Inc. engages in the manufacture of steel products and metal recycling. It operates through the following segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other. The Steel Operations segment consists of sheet products including hot roll, cold roll, and coated steel; long products including structural steel beams, pilings, and standard and premium grade rail; and steel finishing services such as turning, polishing, straightening, chamfering, threading, and precision saw-cutting. The Metals Recycling Operations segment provides an array of both ferrous and non-ferrous scrap recycling, scrap management, transportation, and brokerage products and services. The Steel Fabrication Operations segment offers steel joists, girders, and steel deck, including specialty deck. The Other segment comprises of subsidiary operations and certain unallocated corporate accounts. The company was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets and John C. Bates in August 1993 and is headquartered in Fort Wayne, IN.

Company profile

Ticker

STLD

Exchange

NASDAQ

Website

www.steeldynamics.com

CEO

Mark D. Millett

Incorporated

Indiana

Location

Indiana

Fiscal year end

Dec 31

Sector

Non-Energy Minerals > Steel

Industry (SIC)

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

United States Steel • Nucor • Mechel PAO • Ak Steel Holding • Commercial Metals • SunCoke Energy • Carpenter Technology • TimkenSteel • SunCoke Energy Partners • Universal Stainless & Alloy Products ...

SEC CIK

0001022671

Corporate docs

Articles of Incorporation & Bylaws

IRS number

351929476

STLD stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

11 Aug 20

27 Oct 20

31 Dec 20

News

Financial summary

Financial statements Chart STLD financial data

Quarter (USD)	Jun 20	Mar 20	Sep 19	Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

STLD insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	#Shares	#Remaining
16 Oct 20	Bargabos Sheree L	Common Stock	Grant	Aquire A	No	86	13,759
16 Oct 20	Busse Keith E	Common Stock	Grant	Aquire A	No	38	1,013,019
16 Oct 20	Byrne Frank D	Common Stock	Grant	Aquire A	No	185	81,287
16 Oct 20	Cornew Kenneth W.	Common Stock	Grant	Aquire A	No	38	27,574
16 Oct 20	Dolan Traci M	Common Stock	Grant	Aquire A	No	315	47,684

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q2 2020

STLD institutional ownership history Ownership history

81.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	397	403	-1.5%
Opened positions	57	53	+7.5%
Closed positions	63	106	-40.6%
Increased positions	133	131	+1.5%
Reduced positions	161	155	+3.9%

13F shares	Current	Prev Q	Change
Total value	96.26B	78.4B	+22.8%
Total shares	171.51M	169.86M	+1.0%
Total puts	1.23M	1.84M	-33.0%
Total calls	840.6K	788.6K	+6.6%
Total put/call ratio	1.5	2.3	-37.1%

Largest owners	Shares	Value	Change
BLK BlackRock	23.02M	$600.7M	+5.9%
Vanguard	19.63M	$512.18M	-1.3%
STT State Street	8.76M	$230.76M	+0.2%
Victory Capital Management	8.28M	$216.09M	+16.3%
Dimensional Fund Advisors	6.92M	$180.59M	+14.1%
D. E. Shaw & Co.	4.62M	$120.64M	-2.8%
Boston Partners	3.88M	$101.28M	+33.4%
BK Bank of New York Mellon	3.5M	$91.34M	-7.1%
Aqr Capital Management	3.4M	$86.95M	-16.0%
Renaissance Technologies	3.29M	$85.94M	+11.2%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	23.02M	+1.28M	+5.9%
Victory Capital Management	8.28M	+1.16M	+16.3%
Hamlin Capital Management	2.01M	+1.15M	+133.0%
Boston Partners	3.88M	+972.88K	+33.4%
Van Eck Associates	70.55K	-861.78K	-92.4%
Dimensional Fund Advisors	6.92M	+856.1K	+14.1%
GS Goldman Sachs	1.18M	-851.67K	-41.9%
First Trust Advisors	1.11M	+805.25K	+262.9%
Charles Schwab Investment Management	2.95M	+802.93K	+37.4%
PRU Prudential Financial	1.98M	+692.97K	+53.9%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Gerdau • Esmark • TimkenSteel

Management Discussion

The COVID-19 pandemic negatively impacted our steel operations during the second quarter of 2020. The temporary closure of numerous steel consuming businesses such as automotive manufacturers and the related supply change drove lower selling prices and shipments, particularly for sheet steel products. Conversely, construction related steel demand remained steady. However, steel operations segment shipments decreased only 9% in the second quarter 2020, as compared to the same period in 2019, and decreased only 12% from record first quarter 2020. Second quarter 2020 average selling prices decreased 14%, or $125 per ton, compared to 2019, reflecting the decreased steel demand during the quarter. Net sales for the steel operations decreased 22% in the second quarter 2020 when compared to the same period in 2019, due to decreases in shipments and overall steel selling prices. Net sales for the steel operations decreased 15% in the first half of 2020 when compared to the same period in 2019, due to the decrease in steel demand due to the COVID-19 pandemic, negatively impacting both steel shipments and average selling prices, primarily in the second quarter of 2020.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: call, closure, Conversely, declined, drove, lagged, lesser, quantify, redemption, resilience, resilient, resurgence, unamortized, unpaid, write

Removed: announced, ii, limited, percent, registered, September, slightly, term, Unregistered

From filing 10-Q 2020 Q2