BNET Industries

Steel Dynamics Inc.

(STLD) is in the Manufacturing Industry

Market Cap:$3.8B
Last Fiscal Year Sales:$4.3B
  • Public
  • US
Dow Jones Description

We are one of the largest steel producers and one of the largest metals recyclers in the United States based on a current estimated annual steelmaking capability approaching six million tons and actual recycled ferrous materials and brokerage volume of 5.6 million tons of ferrous and 912 million pounds of nonferrous metallics. During 2008, our net sales were $8.1 billion and our actual 2008 steel production was 4.8 million tons. At December 31, 2008, we had approximately 6,650 employees in our various operations throughout the eastern half of the United States.

Number of Employees 6,650
Contact Information

6714 Pointe Inverness Way Ste 200

Fort Wayne, Indiana 46804-7932

steeldynamics.c...

(260) 459-3553

NAICS Code Steel Foundries (except Investment): 331513

Recent Events

  • New Millennium lays off 47 in Salem

    1/15/10 - Financial Announcement - View Story

  • Join the Quest for Recovery Confirmation

    12/14/09 - Bond / Stock Rating - View Story

  • Steel Dynamics expects 4Q profit

    12/10/09 - Financial Announcement - View Story

  • Steel Dynamics expects 4Q profit

    12/10/09 - Stock Split / Dividend - View Story

  • U.S. Steel catches praise on overseas projects

    11/30/09 - Bond / Stock Rating - View Story

  • Steel Dynamics Adds Gabriel Shaheen to Board of Directors

    10/20/09 - Board Member - Entering - View Story

  • Steel Dynamics Adds Gabriel Shaheen to Board of Directors

    10/20/09 - Mgmt. Change - Entering - View Story

  • Steel Dynamics Adds Gabriel Shaheen to Board of Directors

    10/20/09 - Mgmt. Change Entering - Director - View Story

  • 'Clunkers' may boost Steel Dynamics' profit

    10/19/09 - Financial Announcement - View Story

  • Steel Dynamics Inc elects Gabriel Shaheen to board

    9/28/09 - Board Member - Entering - View Story

  • Steel Dynamics Adds Gabriel Shaheen to Board of Directors

    9/25/09 - Mgmt. Change - Entering - View Story

  • Steel Dynamics Adds Gabriel Shaheen to Board of Directors

    9/25/09 - Mgmt. Change Entering - Director - View Story

  • Steel Dynamics Declares Third Quarter Dividend

    9/16/09 - Stock Split / Dividend - View Story

  • Steel Dynamics Updates Third Quarter Earnings Guidance

    9/10/09 - Financial Announcement - View Story

  • UPDATE 1-Steel Dynamics says Q3 outlook could improve slightly

    7/23/09 - Financial Announcement - View Story

  • Steel Dynamics Reports Record Sales and Earnings for Second Quarter and First Half of 2008

    7/21/08 - Merger / Acquisition - View Story

News & Analysis

steel dynamics inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Frank D. Byrne Director
John C. Bates Director
James C Marcuccilli Director
Jurgen Kolb Director
Gary Heasley Executive Vice President
Richard Teets President, COO, Steel Shapes, Building Products & Executive Vice President
Theresa E. Wagler Vice President & Chief Financial Officer
Daniel M. Rifkin Executive Vice President
Barry Schneider Vice President
Ben Eisbart Vice President of Human Resources
Bert Hollman Vice President
Brent Ritenour Vice President, Internal Audit
David Bednarz Vice President, Iron Resources
Glenn Pushis Vice President
John W. Nolan Vice President & General Manager, Structural & Rail Division
Mary Fink Vice President, Tax & Benefits
Paul Everett Vice President Finance--Ferrous Resources
Richard J. Brady Vice President, Ferrous Resources & Logistics
Rick Poinsatte Vice President and Treasurer
Thomas Hartman Controller & Vice President
Thomas J. Crawford Vice President
Timothy R. Duke Vice President
William Brown General Manager, Sales and Marketing, Long Products
Bob Francis Information Technology Manager
Drew Kofahl Regional Sales Manager
Fred Warner Manager, IR
Jan Conwell Safety Manager
Jeff Cordill Regional Sales Manager
Len Gustafson Regional Sales Manager
Matt North Regional Sales Manager
Mike Fitzgibbons Regional Sales Manager
Sarah Poynter Regional Sales Manager
Aimee Cipicchio Staff Officer
Hope Hicks Sales Administrative Assistant
Joy Harlos Sales Administrative Assistant
Lynn Cox Sales Administrative Assistant
Zonya Battershell

Board of Directors

Name (plus bio) Position
Paul Edgerley Co-Chair
Joseph D. Ruffolo Co-Chair
Richard J Freeland Chair of The Compensation Committee
James E. Kelley Board of Directors
Juergen Kolb Board of Directors

Paul Edgerley has served as a director since the completion of the Transactions. He is a Managing Director of Bain Capital, where he has worked since 1988. Prior to joining Bain Capital, Mr. Edgerley spent five years at Bain & Company where he worked as a consultant and a manager in the healthcare, information services, retail and automobile industries. Previously he worked at Peat Marwick Mitchell & Company.

Organization Position Status
Bain Capital, LLC Managing Director Current
Steel Dynamics, Inc. Co-Chair Current
Axia Partners Board of Directors Current
First Technology Plc Board of Directors Current
Keystone Automotive Operations, Inc. Board of Directors Current
Bain Capital, LLC Board of Directors Current
Steel Dynamics, Inc. Board of Directors Former
Kansas State University B.S. Former

Founder, Joe Ruffolo, has over 35 years of executive level experience in international, franchise, finance, production, transportation and government arenas. Joe is currently a Founding Director of Tower Bank. In addition to Tower Bank, Joe also serves on the Board of Directors of Steel Dynamics, Kitty Hawk, Inc., Beltmenn Transportation Group, Parkview Health Corp. and DeKalb Plastics. Joe served as the president and CEO of North American Van Lines, Fort Wayne, Indiana from 1988 through 1993. He has also held executive positions at PepsiCo, Squibb Corporation, and Reynolds Aluminum. In 1994 Joe served as a consulting executive selected to assist Russia in efforts to privatize government owned industries. He has been a faculty member of the Graduate Business Program at Indiana/Purdue University in Fort Wayne. Joe has held many community leadership positions including the Chairmanship of the Fort Wayne Park Board. Joe is a graduate of the University of Wisconsin and the Harvard Business School Advanced Management Program.

Organization Position Status
Ruffolo Benson Founder Current
Steel Dynamics, Inc. Co-Chair Current
Tower Financial Corporation Director Current
Kitty Hawk, Inc. Board of Directors Current
Park View Health Board of Directors Current
North American Van Lines, Inc. Chief Executive Officer Former
North American Van Lines, Inc. President Former
Steel Dynamics, Inc. Board of Directors Former
University of Wisconsin Former

Organization Position Status
St. Mary's Hospital Medical Center President Current
St. Mary's Hospital President Former
University of Wisconsin School of Medicine Clinical Professor of Medicine Current
Lincare Holdings Inc. Board of Directors Current
Steel Dynamics, Inc. Director Current
Ache-Wi Board of Directors Current
Parkview Hospital President Former
Parkview Hospital Medical Director Former
Carnegie Mellon University Master of Medical Management Former
The Executive Program Former

Organization Position Status
Heidtman Steel Products, Inc. CEO Current
Heidtman Steel Products, Inc. Executive Officer Current
Steel Dynamics, Inc. Director Current
Heidtman Steel Products, Inc. Director Current
Heidtman Steel Products, Inc. President Former

Organization Position Status
Star Financial Bank CEO Current
Star Insurance Agency President Former
Star Financial Bank President Current
Star Wealth Management Inc Executive Vice President Current
Star Financial Group Inc. Executive Vice President Current
Star Wealth Management Inc Officer Current
Star Insurance Agency Director Current
Star Financial Group Inc. Director Current
Star Financial Bank Director Current
Indiana Department of Commerce Board of Directors Current
Star Wealth Management Inc Director Current
Steel Dynamics, Inc. Director Current

Organization Position Status
Steel Dynamics, Inc. Director Current
Salzgitter AG Member of Executive Board Current

Gary was appointed executive vice president for strategic planning and business development with a focus on organic growth and mergers and acquisitions in 2007. In August 2008, Gary took on additional responsibility for New Millennium Building Systems, SDI's joist-and-deck fabrication business. Gary joined Steel Dynamics in January 2005 as vice president of finance and chief financial officer. He has a broad background in finance and accounting with experience in equity and debt capital markets, project finance, restructuring, mergers and acquisitions, project finance, valuation, and auditing. Prior to joining SDI, Gary was senior vice president and manager of the metals group of KeyBanc Capital Markets, the investment-banking and corporate-finance unit of Key Bank. Gary served as chief financial officer and director of a steel producer in Asia from 1998 through 2001. He previously worked for Ernst & Young in Assurance and Advisory Business Services and the firm's national mergers and acquisitions groups. While at Ernst & Young, Gary served clients in a broad range of industries, including steel, financial services, telecommunications, plastics, and manufacturing. Gary earned a bachelor's degree in business administration from Youngstown State University and is a certified public accountant.

Organization Position Status
Steel Dynamics, Inc. Chief Financial Officer Current
Steel Dynamics, Inc. Executive Vice President Current
Steel Dynamics, Inc. Vice President of Finance Current
Steel Inc Vice President and Chief Financial Officer Current
Steel Dynamics, Inc. Board of Directors Current
Keybanc Capital Markets Senior Vice President Former
Keybanc Capital Markets Manager Former
Assurance Ltd Former
Youngstown State University B.S. Degree In Business Administration Former

In August 2008, Dick was appointed Executive Vice President for Steelmaking and President and Chief Operating Officer of Steel Operations. He is now responsible for all of the company's steelmaking operations, including the Flat Roll Division, Structural and Rail Division, Engineered Bar Products Division, Roanoke Bar Division, The Techs, and Steel of West Virginia Inc. In April 2007 Dick became an executive vice president overseeing the company's four long-products steelmaking divisions and the steel fabricating business, New Millennium Building Systems. In 1998, Dick initiated the planning for construction of SDI's structural-steel mill at Columbia City, Indiana. From 1998 to 2007, he managed the construction, start-up and operation of the structural mill and is responsible for its commercial success and growth. The Structural and Rail Division has grown to become a major part of Steel Dynamics and a major supplier of wide-flange beams in North America. A major expansion project is underway to double the division's production capacity. One of the founders of Steel Dynamics, Dick has served on the board of directors since the company’s inception and is a major shareholder. Dick has also served as president of the Association of Iron and Steel Technology (AIST). Dick earned a bachelor's degree in mechanical engineering from Lafayette College and a master's in business administration from Duquesne University. Dick began his career with a 10-year stint at J&L Steel (later LTV Steel), serving in positions of increasing responsibility in the engineering, maintenance, and production areas in several of the company's plants. In 1987, Dick joined Nucor Corporation as engineering manager at Crawfordsville, Indiana, where he was given broad responsibility for the design and construction of the new thin-cast-slab facility. He was one of the first managers hired by Keith Busse, future SDI chairman and CEO. Dick managed the design and construction process, with the additional responsibility for ensuring environmental and other standards were met during the development and construction phases. In 1991, Dick assumed responsibility for the cold-rolling and finishing operations at Crawfordsville. He was also directly responsible for the construction of Nucor's galvanizing line at Crawfordsville. When SDI was formed, Dick became vice president and manager of rolling and finishing at the new Butler, Indiana, flat-roll mill, with responsibilities initially for the hot-rolling and engineering departments. Later, he managed the construction and operation of the cold-rolling and galvanizing facilities.

Organization Position Status
Steel Dynamics, Inc. President, COO, Steel Shapes, Building Products & Executive Vice President Current
Steel Inc Vice President and General Manager, Structural and Rail Division Current
Steel Inc Board of Directors Current
The Products Chief Operating Officer Former
The Products Executive Vice President Former
Steel Dynamics, Inc. Executive Vice President and Director Former
Steel Dynamics, Inc. Founder Former
Nucor Corporation Engineering Manager Former
Steel Dynamics, Inc. Chairman Former
Duquesne University Master's of Business Administration Former
Lafayette College Bachelor's Degree In Mechanical Engineering Former
Duquesne University bachelor's degree in mechanical engineering Former

Theresa was named vice president and chief financial officer in 2007. Theresa joined SDI's corporate finance team in 1998 and has held various corporate finance and accounting positions, including chief accounting officer. In 2005, she was promoted to vice president and corporate controller. During her tenure at Steel Dynamics, Theresa has managed public financial reporting, coordinated financing, overseen corporate accounting, and acted as a liaison with lenders, investment bankers, rating agencies, and auditors. Prior to joining Steel Dynamics, Theresa was an auditor with Ernst & Young and worked for National City Bank. She earned a bachelor's degree in accounting and systems analysis at Taylor University and is a certified public accountant.

Organization Position Status
Steel Dynamics, Inc. Vice President & Chief Financial Officer Current
Steel Dynamics, Inc. Corporate Controller Former
National City Bank Former

Organization Position Status
Learning Processes Corporation President Current
Steel Dynamics, Inc. Executive Vice President Current
Superior Companies Inc. Current
Omnisource Corporation Director Former
Learning Processes Corporation Board of Directors Current
Omnisource Corporation CEO Former
Omnisource Corporation President Former
Learning Processes Corporation Founder Former
University of Miami B.S. Degree Former
Wharton Graduate School of the University of Pennsylvania Former
Steel Dynamics, Inc. Director Current

Barry was named vice president and general manager of the Engineered Bar Products Division at Pittsboro, Indiana, in 2007. Since 2003, Barry had served as manager of the Flat Roll Division’s cold-finishing mill. He earned a bachelor’s degree in mechanical engineering from Rose-Hulman Institute of Technology, and has held a variety of engineering, supervisory, and management positions since he joined the company in 1995 as a mechanical engineer.

Organization Position Status
Steel Dynamics, Inc. Vice President Current

Organization Position Status
Steel Dynamics, Inc. Vice President of Human Resources Current

Bert Hollman is president of New Millennium Building Systems and a vice president of Steel Dynamics, Inc. New Millennium manufactures joists, girders, trusses, and steel decking for non-residential buildings at five locations in the Midwest and eastern United States. Bert's career in the joist business began in engineering with a major national manufacturer in 1966, and he became the plant's engineering manager in 1975. He then served as sales manager from 1982 through 1987. In 1987, he was appointed general manager of the company's new metal building venture and oversaw the start-up of that business. In 1990, Bert and his sons formed a new business, Service Steel Framing, Inc., a structural-steel fabricator based in Butler, Indiana. In the fall of 1998, Bert accepted a new challenge from his longtime colleague, Keith Busse, who had founded Steel Dynamics, to develop a plan to create a new building-systems enterprise. In the fall of 1999, New Millennium Building Systems was formed and jointly owned by Steel Dynamics, New Process Steel, and a management team that Bert recruited. Bert became New Millennium's president. The company began production at its first plant at Butler early in 2000. In March of 2003, Steel Dynamics bought out its partners, and New Millennium became a wholly owned subsidiary of Steel Dynamics under Bert's leadership. One year later, Bert was named a vice president of Steel Dynamics. In 2004, New Millennium announced plans to build a second fabrication plant in Lake City, Florida. The Lake City facility began operations in the spring of 2005. In April of 2006, Steel Dynamics acquired Roanoke Electric Steel Corporation and, with it, three joist-manufacturing operations: John W. Hancock, Inc. in Salem, Virginia; and two Socar plants, one in Continental, Ohio, and the other in Florence, South Carolina. These three operations have become part of New Millennium Building Systems, and under Bert's management, are being expanded and modernized to create a network of joist-and-decking manufacturing operations serving the eastern half of the United States.

Organization Position Status
Steel Inc Vice President, President of New Millennium Building Systems, Llc Current
Steel Dynamics, Inc. Vice President Current
New Millennium Building Systems, LLC President Former
Steel Dynamics, Inc. President Former
New Millennium Building Systems, LLC Vice President Former
Steel Inc General Manager Former
Steel Dynamics, Inc. General Manager Former
Steel Dynamics, Inc. Founder Former
Steel Dynamics, Inc. Sales Manager Former

Organization Position Status
Steel Dynamics, Inc. Vice President, Internal Audit Current
Steel Dynamics, Inc. Manager Former

Organization Position Status
Steel Dynamics, Inc. Vice President, Iron Resources Current

Glenn was named vice president and general manager of the Flat Roll Division at Butler, Indiana, in 2007. Since 2003, Glenn had served as vice president and general manager of the Engineered Bar Products Division. His task there was to lead the team refurbishing the existing bar mill at Pittsboro, Indiana, that Steel Dynamics had acquired out of bankruptcy. The start-up of the business, which included product development and establishing a customer base, as well as updating and operating the mill, was very successful. By the end of 2006, the mill was operating at essentially full capacity, providing high-quality carbon and alloyed SBQ steels to a variety of industrial customers in the nation’s heartland. From 1997 to 2003, Glenn served as manager of the cold-finishing mill at the Flat Roll Division. He joined Steel Dynamics as a mechanical engineer in 1994 and was involved with the engineering and construction of the flat-roll mill. Prior to that, he worked for Nucor Corp. and LTV. Glenn earned a bachelor’s degree in mechanical engineering technology from Purdue University.

Organization Position Status
Steel Dynamics, Inc. Vice President Current

Organization Position Status
Steel Dynamics, Inc. Vice President & General Manager, Structural & Rail Division Current
Steel Dynamics, Inc. Sales Manager Former
Lafayette College bachelor's degree in metallurgical engineering Former

Organization Position Status
Steel Dynamics, Inc. Vice President, Tax & Benefits Current

Organization Position Status
Steel Dynamics, Inc. Vice President Finance--Ferrous Resources Current

Organization Position Status
Steel Dynamics, Inc. Vice President, Ferrous Resources & Logistics Current

Organization Position Status
Steel Dynamics, Inc. Vice President and Treasurer Current

Organization Position Status
Steel Dynamics, Inc. Controller & Vice President Current

Organization Position Status
Steel Dynamics, Inc. Vice President Current

Organization Position Status
Steel Dynamics, Inc. Vice President Current

Organization Position Status
Steel Dynamics, Inc. General Manager, Sales and Marketing, Long Products Current
Steel Dynamics, Inc. Manager of Sales & Marketing Former

Organization Position Status
Steel Dynamics, Inc. Information Technology Manager Current

Organization Position Status
Steel Dynamics, Inc. Regional Sales Manager Current

Organization Position Status
Steel Dynamics, Inc. Manager, IR Current
Indiana University MBA Former
Purdue University Bachelor's Degree In Electrical Engineering Former

Organization Position Status
Steel Dynamics, Inc. Safety Manager Current

Organization Position Status
Steel Dynamics, Inc. Regional Sales Manager Current

Organization Position Status
Steel Dynamics, Inc. Regional Sales Manager Current

Organization Position Status
Steel Dynamics, Inc. Regional Sales Manager Current

Organization Position Status
Steel Dynamics, Inc. Regional Sales Manager Current

Organization Position Status
Steel Dynamics, Inc. Regional Sales Manager Current
Steel Dynamics, Inc. District Sales Representative Former

Organization Position Status
Steel Dynamics, Inc. Staff Officer Current

Organization Position Status
Steel Dynamics, Inc. Sales Administrative Assistant Current

Organization Position Status
Steel Dynamics, Inc. Sales Administrative Assistant Current

Organization Position Status
Steel Dynamics, Inc. Sales Administrative Assistant Current

Organization Position Status
Steel Dynamics, Inc. Current
Hicksville School Foundation Board of Directors Current
Berea College BS In Business Administration Former

Organization Position Status
Pizza Hut of Fort Wayne, Inc CEO Current
Steel Dynamics, Inc. Chair of The Compensation Committee Current
Pizza Hut of Fort Wayne, Inc President Former
Steel Dynamics, Inc. Director Former

Organization Position Status
Steel Dynamics, Inc. Board of Directors Current

Organization Position Status
Steel Dynamics, Inc. Board of Directors Current
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     STLD $15.43 +0.58 (3.91% )
Average Volume 6,395,690
Shares Outstanding 215.63M
Market Cap 3.3B
Year High 20.47
Year Low 5.95
Earnings Per Share -0.63
P/E Ratio -24.49
Dividend 0.30
Yield 1.94
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