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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and equivalents $ 1,186,917 $ 589,464
Short-term investments 19,636 147,811
Inventories 3,099,054 3,113,733
Other current assets 190,297 163,131
Total current assets 6,216,705 5,431,338
Property, plant and equipment, net 8,322,652 8,117,988
Intangible assets, net 220,336 227,234
Goodwill 477,471 477,471
Other assets 693,264 681,202
Total assets 15,930,428 14,935,233
Current liabilities    
Income taxes payable 43,249 3,783
Accrued payroll and benefits 173,318 373,216
Accrued expenses 373,258 366,682
Current maturities of long-term debt 418,947 426,990
Total current liabilities 2,266,458 2,150,583
Long-term debt 3,777,132 2,804,017
Deferred income taxes 918,435 902,186
Other liabilities 134,509 133,201
Total liabilities 7,096,534 5,989,987
Commitments and contingencies
Redeemable noncontrolling interests 171,212 171,212
Equity    
Common stock voting, $0.0025 par value; 900,000,000 shares authorized; 268,417,974 and 268,377,165 shares issued; and 149,380,035 and 151,117,153 shares outstanding, as of March 31, 2025 and December 31, 2024, respectively 652 652
Treasury stock, at cost; 119,037,939 and 117,260,012 shares, as of March 31, 2025 and December 31, 2024, respectively (7,334,595) (7,094,266)
Additional paid-in capital 1,218,235 1,229,819
Retained earnings 14,940,418 14,798,082
Total Steel Dynamics, Inc. equity 8,824,710 8,934,287
Noncontrolling interests (162,028) (160,253)
Total equity 8,662,682 8,774,034
Total liabilities and equity 15,930,428 14,935,233
Unrelated parties    
Current assets    
Accounts receivable, net 1,647,704 1,362,969
Current liabilities    
Accounts payable 1,252,529 972,645
Related parties    
Current assets    
Accounts receivable, net 73,097 54,230
Current liabilities    
Accounts payable $ 5,157 $ 7,267