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Transactions with Affiliated Companies (Tables)

12 Months Ended

Dec. 31, 2022

Transactions with Affiliated Companies

Schedule of Related Party Transactions

The company purchases and sells recycled and scrap metal, and steel with other smaller affiliated companies, including our equity method investments and the addition of New Process Steel during 2022. These transactions for the years ended December 31, are as follows (in thousands):

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​	​	​	​	​	​	​	​	​	​	​
​	​	2022		​	2021		​	2020		​
​	Sales	$	791,523	​	$	32,107	​	$	13,791	​
​	Accounts receivable	​	79,769	​	​	5,049	​	​	3,937	​
​	Purchases	​	127,860	​	​	163,453	​	​	132,560	​
​	Accounts payable	​	9,934	​	​	13,722	​	​	8,919	​

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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