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Sankey diagram of Steel Dynamics, Inc.. A complete text table follows the diagram.
Its recycling yards feed electric-arc mills, the mills feed downstream fabrication, and a new aluminum platform extends the same circular model.
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The diagram shows gross segment sales before intracompany eliminations to expose Steel Dynamics' circular metals chain. Intracompany activity is not external revenue. Consolidated operating costs combine reported cost of goods sold and operating expenses as an editorial arithmetic residual.
Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.
| Category | Stage | Value | Notes |
|---|---|---|---|
| Steel mills & processing | 1 | $3.7B | Electric-arc mills and value-added steel |
| Metals recycling | 1 | $1.1B | Ferrous and nonferrous scrap network |
| Steel fabrication | 1 | $355M | Joists, girders and steel decking |
| Recycled aluminum | 1 | $242M | New flat-rolled products platform |
| Other metals activity | 1 | $491M | Joint ventures and other operations |
| Gross metals-platform activity | 2 | $5.9B | External demand plus internal supply chain |
| Consolidated net sales | 3 | $5.2B | External economic output |
| Internal scrap-to-product loop | 3 | $665M | Intracompany sales eliminated |
| Operating income | 4 | $538M | Nearly doubled year over year |
| Metals production & operations | 4 | $4.7B | Scrap, energy, labor and conversion |
| From | To | Value |
|---|---|---|
| Steel mills & processing | Gross metals-platform activity | $3.7B |
| Metals recycling | Gross metals-platform activity | $1.1B |
| Steel fabrication | Gross metals-platform activity | $355M |
| Recycled aluminum | Gross metals-platform activity | $242M |
| Other metals activity | Gross metals-platform activity | $491M |
| Gross metals-platform activity | Consolidated net sales | $5.2B |
| Gross metals-platform activity | Internal scrap-to-product loop | $665M |
| Consolidated net sales | Operating income | $538M |
| Consolidated net sales | Metals production & operations | $4.7B |