Company Dossier · Materials
Steel Dynamics
- S&P 500
- Russell 1000
What Steel Dynamics is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $20.5 billion, up 20% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $0.96 billion.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $0.62 billion, down 63% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $0.90 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $3.55 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (October 20, 2026): sentiment 0.75 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.70 of 1.Palanor Discourse
- Latest annual report (filed February 27, 2026): 2 risk factors added, 1 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q2 2026: $7.6 million on the open market.SEC Form 4
- 1,025 institutional managers reported a position at June 30, 2026 (+85 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 6 (4 a year earlier).U.S. Department of Labor (OFLC)
Risk events (12 months): 1 — latest OSHA inspection, Jul 6, 2026 →
Company Posture
How Company Posture is measured →What Steel Dynamics is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Retrenching · Mixed
Expanding ↔ Retrenching
Retrenching
- Capital spending3rd pct
- Debt raised56th pct
- Buybacks vs capex18th pct
- Hiring filings42nd pct
- Deals and private raises47th pct
- Patent publications11th pct
Confident ↔ Hedging
Mixed
- Call sentiment84th pct
- Call confidence21st pct
- Guidance changes—
- Risk factors added8th pct
- Insider open-market trades43rd pct
- + Call sentiment
- − Risk factors added
- − Call confidence
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver36th pct
- Stress filings48th pct
Credit
How these are built →Steel Dynamics's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$4.2B
- Due within a year $0.0B
- Longer term $4.2B
- Default point $2.1B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
$1.6B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Nov 18, 2025 | $650M | 4.000% | 2028 (3y) | +63bp | 4.209% |
| Nov 18, 2025 | $150M | 5.250% | 2035 (9y) | +93bp | 5.053% |
| Nov 18, 2025 | $650M | 4.000% | 2028 (3y) | +63bp | 4.209% |
| Nov 18, 2025 | $150M | 5.250% | 2035 (9y) | +93bp | 5.053% |
| Mar 10, 2025 | $600M | 5.250% | 2035 (10y) | +115bp | 5.380% |
| Mar 10, 2025 | $400M | 5.750% | 2055 (30y) | +140bp | 5.962% |
| Jun 26, 2024 | $600M | 5.375% | 2034 (10y) | +123bp | 5.550% |
From the pricing term sheets Steel Dynamics filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
In the news
Headlines that name Steel Dynamics, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralSteel Dynamics (STLD) Shares Rise 2.75% Amid Treasury Yield Stabilization and Economic Data Anticipation
gurufocus.com · via Marketaux · Sep 30, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (BOUNDARY STONE PARTNERS)third_quarter 2026 · $0.1 million
- Oct 5, 2026LobbyingLobbying report (SCHAGRIN ASSOCIATES)third_quarter 2026
- Aug 18, 20268-KDirector or officer changeItem 5.02
- Aug 4, 20268-KDirector or officer changeItem 5.02
- Jul 20, 2026LobbyingLobbying report (BOUNDARY STONE PARTNERS)second_quarter 2026 · $0.1 million
- Jul 9, 2026LobbyingLobbying report (SCHAGRIN ASSOCIATES)second_quarter 2026
- Jul 6, 2026Risk event
- May 8, 20268-KShareholder vote resultsItem 5.07
- Apr 20, 2026LobbyingLobbying report (BOUNDARY STONE PARTNERS)first_quarter 2026 · $0.1 million
- Apr 15, 2026LobbyingLobbying report (SCHAGRIN ASSOCIATES)first_quarter 2026
- Mar 27, 20268-KDirector or officer changeItem 5.02
- Feb 27, 202610-KAnnual report (10-K)2 risk factors added, 1 removed
- Jan 21, 2026LobbyingLobbying report (BOUNDARY STONE PARTNERS)fourth_quarter 2025 · $0.1 million
- Jan 20, 2026LobbyingLobbying report (SCHAGRIN ASSOCIATES)fourth_quarter 2025
- Dec 23, 20258-KMaterial agreement signedItem 1.01
- Nov 21, 20258-KMaterial agreement signedItem 1.01
- Sep 30, 20258-KDirector or officer changeItem 5.02
- Jun 20, 2025Risk event
- May 12, 20258-KDirector or officer changeItem 5.02
- Apr 29, 20258-KShareholder vote resultsItem 5.07
- Mar 12, 20258-KMaterial agreement signedItem 1.01
- Feb 28, 202510-KAnnual report (10-K)1 risk factors added, 0 removed
- Nov 7, 20248-KDirector or officer changeItem 5.02
- Oct 30, 2024Risk event
- Feb 29, 202410-KAnnual report (10-K)0 risk factors added, 0 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Cleveland-Cliffs CLF | $20.1B | −$0.5B | Sep 30, 2026 |
| Reliance, Inc. RS | $14.8B | $0.6B | Mar 31, 2026 |
| Nucor Corp. NUE | $36.1B | $1.6B | Jul 4, 2026 |
| Carpenter Technology Corporation CRS | $3.1B | $0.4B | Jun 30, 2026 |
| Amcor AMCR | $23.5B | $1.2B | Jun 30, 2026 |
| Corteva CTVA | $17.8B | $0.6B | Jun 30, 2026 |
| International Paper IP | $24.2B | $0.5B | Jun 30, 2026 |
| Sherwin-Williams SHW | $24.4B | $3.2B | Jun 30, 2026 |