Financial Data and Key Metrics Changes - The first quarter 2024 net income was $584 million, or $3.67 per diluted share, with adjusted EBITDA of $879 million [11] - Revenue for Q1 2024 was $4.7 billion, an 11% increase compared to the previous quarter, driven by strong volume and higher realized selling values [11] - Operating income for Q1 2024 was $751 million, a 45% increase from the previous quarter, attributed to steel metal spread expansion [11][12] Business Line Data and Key Metrics Changes - Steel shipments reached nearly a record 3.3 million tons in Q1 2024, with flat rolled operations generating strong operating income of $675 million [8][12] - Metals recycling operations reported operating income of $23 million, significantly higher than the previous quarter due to increased domestic steel demand [13] - The steel fabrication segment achieved operating income of $178 million, lower than the previous quarter due to weather impacts and lower shipments [13] Market Data and Key Metrics Changes - The domestic steel industry operated at an estimated production utilization rate of 77%, while the company's steel mills operated at 87% [22] - North American automotive production estimates for 2024 were revised higher to just over 16 million units, with continued growth expected in 2025 and 2026 [24] - Non-residential construction remains solid, supported by increased order activity and shipments in the structural and rail division [25] Company Strategy and Development Direction - The company is focused on transformational growth initiatives, including investments in aluminum flat rolled operations and a biocarbon facility [15][17] - A joint venture with Aymium aims to reduce greenhouse gas emissions by up to 35%, aligning with sustainability goals [17] - The company is leveraging its circular manufacturing model to enhance its steel and metals recycling operations [13][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding steel demand and pricing for 2024, supported by onshoring of manufacturing and public infrastructure spending [32] - The company anticipates continued improvements in production efficiency and capacity utilization at its Sinton facility [24][58] - Management highlighted a strong cash generation capability and a commitment to maintaining investment-grade credit metrics [16][31] Other Important Information - The company generated cash flow from operations of $355 million in Q1 2024, with strong liquidity of $3.1 billion at the end of the quarter [14] - Capital investments for 2024 are expected to be around $2 billion, with a focus on aluminum flat rolled investments [15] - The company repurchased $298 million of common stock, representing 1.5% of outstanding shares [15] Q&A Session Summary Question: Will conversion costs continue to decline with increased production at Sinton? - Management indicated that increased production at Sinton would help compress costs, but product mix also needs to be considered [35] Question: What is the timeline for the aluminum project to reach EBITDA breakeven? - Management expects to reach EBITDA breakeven by the end of the year, with operations starting mid-2025 [40] Question: How do you see the long product volumes performing in the coming quarters? - Management believes the first quarter's performance was affected by seasonality and weather, with expectations for improved volumes in the second quarter [53] Question: What is the outlook for pricing in the fabrication segment? - Management noted that pricing in the backlog and current spot pricing are converging, indicating stabilization [67] Question: How is the company addressing potential trade issues with Mexico? - Management stated that there has been no direct impact from trade issues, and they are monitoring the situation closely [73] Question: What is the expected cadence of CapEx for the remainder of the year? - Management expects the bulk of capital expenditures to occur in the second and third quarters as equipment arrives [82]

Exhibit 99.1 7575 W. Jefferson Blvd. Fort Wayne, IN 46804 Steel Dynamics Reports First Quarter 2024 Results FORT WAYNE, INDIANA, April 23, 2024 / PRNewswire / First Quarter 2024 Performance Highlights: Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced first quarter 2024 financial results. The company reported first quarter 2024 net sales of $4.7 billion and net income of $584 million, or $3.67 per diluted share. Comparatively, the company's sequential fourth quarter 2023 net income was $424 million, or ...

Production Capacity and Operations - Steel Dynamics, Inc. has an estimated steelmaking and steel coating capacity of approximately 16 million tons and actual metals recycling volumes as of December 31, 2023[22]. - The Southwest-Sinton Flat Roll Division has an annual steel production capacity of approximately 3.0 million tons, with new coating lines expected to begin operating in early 2024[29]. - The company has an annual production capacity of approximately 9.4 million tons of flat roll steel and an additional 2.0 million tons of processing capacity[70]. - The company has a flat roll galvanizing capability of 4.8 million tons and painting capability of 1.5 million tons[70]. - The company announced a $2.7 billion project to construct a 650,000 metric ton recycled aluminum flat rolled products mill, expected to begin commissioning in mid-2025[36]. - The new aluminum mill's product mix is projected to be approximately 45% can stock, 35% automotive, and 20% common alloy and industrial use[36]. Financial Performance - Total net sales for 2023 were $18,795,316, a decrease of 15.5% from $22,260,774 in 2022[306]. - Gross profit for 2023 was $4,045,883, down 33.9% from $6,117,831 in 2022[306]. - Net income attributable to Steel Dynamics, Inc. for 2023 was $2,450,882, a decline of 36.7% compared to $3,862,674 in 2022[306]. - Basic earnings per share for 2023 were $14.72, down from $21.06 in 2022, representing a decrease of 30.8%[306]. - The company reported a comprehensive income of $2,450,414 for 2023, down from $3,865,654 in 2022, a decrease of 36.6%[307]. - Net income for 2023 was $2,467,332, a decrease of 36.4% compared to $3,879,492 in 2022[313]. - Net cash provided by operating activities decreased to $3,519,928 in 2023 from $4,460,403 in 2022, reflecting a decline of 21.1%[313]. - Total current assets decreased to $6,787,826 in 2023 from $7,638,018 in 2022, a decline of 11.2%[306]. - Total assets increased to $14,908,420 in 2023, up from $14,159,984 in 2022, reflecting a growth of 5.3%[306]. - Total liabilities remained relatively stable at $6,068,893 in 2023 compared to $6,064,179 in 2022[306]. - Retained earnings increased to $13,545,590 in 2023 from $11,375,765 in 2022, an increase of 19.2%[311]. - Dividends declared per share increased to $1.70 in 2023 from $1.36 in 2022, a rise of 25%[306]. Market and Sales Dynamics - Over 70% of the company's steel and steel fabrication sales are considered value-added, contributing to higher volume and profitability[26]. - In 2023, the company's own steel-consuming businesses purchased 1.8 million tons of steel from its steel mills, representing 14% of total steel shipments[33]. - Steel operations accounted for 67% of consolidated net sales in 2023, with a slight decrease from 72% in 2021[69]. - Exported sales represented 8% of steel segment net sales in 2023, up from 4% in 2021[69]. - Sheet steel operations represented 68%, 77%, and 73% of steel operations net sales in 2023, 2022, and 2021, respectively, with 9.2 million tons produced in 2023[76]. - The company shipped 7,459,023 tons of sheet steel products from Butler, Columbus, and Sinton in 2023, up from 6,772,162 tons in 2022[77]. - Metals recycling operations accounted for 12% of consolidated net sales in 2023, with export sales representing 18% of metals recycling segment net sales[88]. Environmental and Regulatory Compliance - The company aims for a 35% reduction in its steel mills' Scope 1 GHG emissions through a joint venture producing biocarbon, with operations planned to begin in late 2024[41]. - The company is committed to reducing its environmental footprint and has set GHG emission reduction goals for 2025, 2030, and 2050, which may increase operational costs[139]. - Compliance with environmental regulations may result in increased capital requirements and operational costs, impacting the company's financial condition[141]. - Environmental compliance costs may increase due to evolving regulations, potentially impacting operational costs[113]. Workforce and Management - The total team size was approximately 12,600 full-time members as of December 31, 2023[53]. - The overall team retention rate was approximately 80% in 2023, with U.S.-based teams retention at 89%[58]. - The leadership team emphasizes decentralized operational decision-making and performance-based incentive compensation aligned with profitability and operational performance[42]. - The performance-based compensation framework aligns employee interests with long-term growth and shareholder value[56]. Risks and Challenges - The company is significantly impacted by fluctuations in demand from cyclical industries such as construction, automotive, and manufacturing, which may lead to reduced sales and profitability[125]. - Increased competition from foreign steel producers, particularly from countries like China and Vietnam, may exert downward pressure on U.S. steel prices[128]. - The availability and prices of raw materials, especially ferrous scrap, are subject to market volatility, which can constrain operating levels and profit margins[133]. - Economic downturns and reduced consumer confidence may lead to decreased demand for the company's products, affecting overall financial performance[126]. - The company faces risks associated with the creditworthiness of its customers and suppliers, which could impact sales and increase exposure to losses[126]. - Global economic factors, including trade policies and political actions, may disrupt the company's supply chain and adversely affect its business operations[124]. - The company is exposed to cybersecurity threats that may compromise sensitive data and disrupt operations, potentially leading to financial losses[156]. Debt and Financial Management - As of December 31, 2023, total outstanding debt is $3,052,042, with a weighted-average interest rate of 3.2% for fixed-rate debt and 7.2% for variable-rate debt[271]. - The company has a cumulative unrealized loss of $6.8 million associated with financial contracts, primarily set to settle in 2024[274]. - Fixed-rate debt maturing in 2024 amounts to $400,901 with an average interest rate of 2.8%[271]. - The average interest rate for variable-rate debt maturing in 2024 is 7.2%[271]. - The fair value of total debt is reported at $2,776,826[271]. - The company has a risk strategy to protect profit margins through base metal financial contracts[274]. - The company is required to maintain certain financial covenants under its senior unsecured credit facility, which could limit its operational flexibility[171].

Steel Dynamics, Inc. (NASDAQ:STLD) Q4 2023 Results Conference Call January 24, 2024 11:00 AM ET Company Participants David Lipschitz - Director of Investor Relations Mark Millett - President & Chief Executive Officer Theresa Wagler - Executive Vice President & Chief Financial Officer Barry Schneider - President & Chief Operating Officer Conference Call Participants Martin Englert - Seaport Research Tristan Gresser - BNP Paribas Carlos De Alba - Morgan Stanley Timna Tanners - Wolfe Research Curt Woodworth - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______ to _______ Commission File Number 0-21719 (Exact name of registrant as specified in its charter) | Indiana | 35-1929476 | | --- | --- | | ( ...

2022 19 October 2023 IInnvveessttoorr Call Presentation Third Quarter 2023 Presentation HHeeaalltthh aanndd SSaaffeettyy EEnnttrreepprreenneeuurriiaall CCuultltuurree CCuussttoommeerr CCoommmmiittmmeenntt zz SSttrraatteeggiicc GGrroowwtthh IInnnnoovvaattiioonn FFiinnaanncciiaall SStrterennggtthh Forward looking statements and Non-GAAP financial measures Forward-Looking Statements More specifically, refer to Steel Dynamics' more detailed explanation of ...

Steel Dynamics, Inc. (NASDAQ:STLD) Q3 2023 Earnings Conference Call October 19, 2023 11:00 AM ET Company Participants David Lipschitz - Director, Investor Relations Mark Millett - Co-founder, Chairman, and Chief Executive Officer Theresa Wagler - Executive Vice President and Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Carlos de Alba - Morgan Stanley Tristan Gresser - Exane BNP Paribas Timna Tanners - Wolfe Research Bill Peterson - JP Morgan Operator Good d ...

Commission File Number 0-21719 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______ to _______ Steel Dynamics, Inc. (Exact name of registrant as specified in its charter) | Indiana | 35-1929476 | | ...

Steel Dynamics, Inc. (NASDAQ:STLD) Q2 2023 Earnings Conference Call July 20, 2023 11:00 AM ET Company Participants David Lipschitz - Director, Investor Relations Mark Millett - Chairman and Chief Executive Officer Theresa Wagler - Executive Vice President and Chief Financial Officer Barry Schneider - President and Chief Operating Officer Conference Call Participants Curt Woodworth - Credit Suisse Cleveland Rueckert - UBS Securities Tristan Gresser - Exane BNP Paribas Carlos De Alba - Morgan Stanley Timna Ta ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______ to _______ Commission File Number 0-21719 Steel Dynamics, Inc. (Exact name of registrant as specified in its charter) | Indiana | 35-1929476 | ...