Steel Dynamics is a diversified North American industrial metals company that produces flat-rolled and specialty steel through electric arc furnaces, processes ferrous and nonferrous scrap metals for internal use and external sale, manufactures steel joists and deck systems for non-residential construction through its New Millennium Building Systems subsidiary, and operates a recycled aluminum flat-rolled mill serving beverage and automotive sectors. The company generates revenue on a point-of-sale basis for its steel, metals recycling, and aluminum operations, and over time for fabrication work, serving end markets including automotive, construction, infrastructure, beverage, and general industrial customers across North America and Mexico. The business benefits from an integrated value chain with captive scrap supply from its recycling operations, significant capital investments in mill infrastructure, and exposure to favorable trends including manufacturing onshoring, infrastructure spending, and demand for sustainable materials.