Profile: Steel Dynamics Inc (STLD.OQ)
28 Sep 2016
Steel Dynamics, Inc., incorporated on June 16, 1994, is a steel producing and a metal recycling company. The Company is engaged in manufacturing and selling of steel products, processing and selling of recycled ferrous and non-ferrous metals, and fabricating and selling of steel joist 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, such as hot roll, cold roll and coated steel, including light gauge hot roll, galvanized and painted products; long products, such as structural steel beams, pilings, and various merchant-bar products, including rounds, angles, flats, channels and reinforcing bar, and steel fabrication products, including steel joists and steel deck material, including specialty deck. It offers an array of both ferrous and nonferrous scrap processing, scrap management, transportation, and brokerage products and services. The Company also offers steel finishing and fabrication services.
Steel Operations Segment
The Company's Steel operations include 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). It includes over six electric arc furnace steel mills, producing steel from ferrous scrap, utilizing continuous casting, automated rolling mills and approximately 10 steel coating lines. The Company's products are used in various industry sectors, including the automotive, construction, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Company's steel operations segment consists primarily of steelmaking and coating operations. The Company's 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 Company's 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. The Company's rail-welding facility welds rails to lengths of over 1,600 feet. The Company's Engineered Bar Products Division produces an array of engineered special-bar-quality (SBQ), merchant-bar-quality (MBQ), rounded-cornered squares and small-diameter engineered round bars. The Company's 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 Company's metals recycling operations consists solely of OmniSource Corporation (OmniSource) and includes both ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage and consulting services in approximately 75 locations, located primarily in the Midwest and Southeast portion of the United States. In addition, OmniSource designs, installs and manages customized scrap management programs for industrial manufacturing companies at over 600 locations throughout North America. The Company sells various grades of processed ferrous scrap to steel mills and foundries. 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 Company's metals recycling operations primarily involve the purchase, processing, and resale of ferrous and non-ferrous scrap metals into reusable forms and grades. It processes an array 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 nonferrous products, including aluminum, brass, copper, stainless steel and other nonferrous metals.
Steel Fabrication Operations
The Company's steel fabrication operations include over 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 located in Butler, Indiana; Lake City, Florida; Salem, Virginia; Hope, Arkansas; Juarez, Mexico; Fallon, Nevada; Memphis, Tennessee, and Phoenix, Arizona. The Company's fabrication operations produce steel building components, including steel joists, girders, trusses and steel decking. 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 deck, architectural deck, floor systems and bridge deck.
The Company's other operations consists of subsidiary operations that primarily consist of its Minnesota ironmaking operations, and several smaller joint ventures. The Minnesota ironmaking operations consist of its iron nugget production facility, Mesabi Nugget; iron concentrating operations, Mesabi Mining, and its iron tailings operations, Mining Resources.
Steel Dynamics Inc
7575 W JEFFERSON BLVD
FORT WAYNE IN 46804