|Exchange:||NASDAQ national market|
|Stock:||Steel Dynamics Inc|
|Steel Dynamics, inc, was incorporated in Indiana in 1993. The Company is a steel manufacturer; the steel is produces mainly from scrap metal in electric arc furnaces. The Company produces a variety of flat-rolled products serving the automotive and appliance sectors as well as beams and bars primarily for the construction markets. The main sources of Company revenues are from the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and, to a lesser degree, fabrication and sale of steel joist and decking products. Its operations are managed and reported based on three operating segments: steel operations, metals recycling and ferrous resources operations, and steel fabrication operations. Steel operations consist of its five electric-arc furnace mini-mills, producing steel from steel scrap, utilizing continuous casting, automated rolling mills, and various downstream finishing facilities. The Company’s steel operations sell directly to end users and service centers. These products are used in numerous industry sectors, including the automotive, agriculture, energy, construction, commercial, transportation and industrial machinery markets. Its Flat Roll Division sells a broad range of sheet steel products, such as hot rolled, cold rolled and coated steel products, including a large variety of specialty products such as light gauge hot rolled, galvanized, galvalume and painted products. The Techs operations comprised of three galvanizing lines, also sells specialized galvanized sheet steels used in non-automotive applications. The Company’s Structural and Rail Division sells structural steel beams and pilings and a variety of standard strength and industrial quality grade rail for the railroad industry. Its Engineered Bar Products Division mainly sells special bar quality and merchant bar quality rounds and round-cornered squares. Its Roanoke Bar Division sells billets and merchant steel products, including angles, plain rounds, flats and channels. Its metals recycling operations represent its metals sourcing and processing operations and are the most significant source of income in this segment. Its ferrous resource operations consist of its two iron making initiatives: Iron Dynamics (IDI), a liquid pig iron production facility, and its Minnesota iron operations, an iron nugget production facility and planned operations to supply the nugget facility with its primary raw material, iron concentrate. Its steel fabrication operations include six New Millennium Building Systems plants, which fabricate steel joists, trusses, girders, and decking used within the non-residential construction industry. The Company’s steel operations are subject to substantial and evolving local, state and federal environmental, health and safety laws and regulations concerning, among other things, emissions to the air, discharges to surface and ground water and to sewer systems, and the generation, handling, storage, transportation, treatment and disposal of toxic and hazardous substances.|
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