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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Total net sales $ 17,540,390 $ 18,795,316 $ 22,260,774
Costs of goods sold 14,737,804 14,749,433 16,142,943
Gross profit 2,802,586 4,045,883 6,117,831
Selling, general and administrative expenses 664,119 588,621 545,621
Profit sharing 164,904 272,033 452,551
Amortization of intangible assets 30,526 34,048 27,837
Operating income 1,943,037 3,151,181 5,091,822
Interest expense, net of capitalized interest 56,347 76,484 91,538
Other (income) expense, net (96,191) (144,246) (20,785)
Income before income taxes 1,982,881 3,218,943 5,021,069
Income tax expense 432,925 751,611 1,141,577
Net income 1,549,956 2,467,332 3,879,492
Net income attributable to noncontrolling interests (12,822) (16,450) (16,818)
Net income attributable to Steel Dynamics, Inc. $ 1,537,134 $ 2,450,882 $ 3,862,674
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share) $ 9.89 $ 14.72 $ 21.06
Weighted average common shares outstanding (in shares) 155,420 166,552 183,393
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share) $ 9.84 $ 14.64 $ 20.92
Weighted average common shares and share equivalents outstanding (in shares) 156,136 167,431 184,622
Dividends declared per share (in dollars per share) $ 1.84 $ 1.7 $ 1.36
Unrelated parties      
Total net sales $ 16,819,648 $ 18,115,312 $ 21,469,251
Related parties      
Total net sales $ 720,742 $ 680,004 $ 791,523