{"url_path":"/sec/stld/10-k/2026/item-2","section_key":"item-2","section_title":"Item 2 PROPERTIES","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-02-27","source_url":"https://www.sec.gov/Archives/edgar/data/1022671/0001104659-26-021395-index.html","accession_number":"0001104659-26-021395","cik":"0001022671","ticker":"STLD","issuer_name":"STEEL DYNAMICS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1022671/0001104659-26-021395-index.html","primary_entity_key":"0001022671","primary_entity_name":"STEEL DYNAMICS INC"},"word_count":858,"has_tables":true,"body_markdown":"ITEM 2.          PROPERTIES\n\nThe following table describes our significant properties as of December 31, 2025. These properties are owned by us and not subject to any significant encumbrances, or are leased by us. We believe these properties are suitable and adequate for our current operations and are appropriately utilized. For additional information regarding our significant facilities please refer to Item 1. *Business.*\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Site**\n\n​\n\n**Site**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Acreage**\n\n​\n\n**Acreage**\n\n**Operations**\n\n​\n\n**Location**\n\n​\n\n**Description**\n\n​\n\n**Owned**\n\n​\n\n**Leased**\n\n**Steel Operations Segment ***\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nButler Flat Roll Division:\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nButler Operations\n\n​\n\nButler, IN\n\n​\n\nFlat Roll Steel Mill and Coating Facility\n\n​\n\n995\n\n​\n\n—\n\nJeffersonville Operations\n\n​\n\nJeffersonville, IN\n\n​\n\nFlat Roll Steel Coating Facility\n\n​\n\n27\n\n​\n\n10\n\nIron Dynamics\n\n​\n\nButler, IN\n\n​\n\nLiquid Ironmaking Facility\n\n​\n\n25\n\n​\n\n—\n\nColumbus Flat Roll Division\n\n​\n\nColumbus, MS\n\n​\n\nFlat Roll Steel Mill and Coating Facility\n\n​\n\n1,387\n\n​\n\n—\n\nSinton Flat Roll Division\n\n​\n\nSinton, TX\n\n​\n\nFlat Roll Steel Mill and Coating Facility\n\n​\n\n2,842\n\n​\n\n—\n\nThe Techs\n\n​\n\nPittsburgh, PA\n\n​\n\nFlat Roll Steel Coating Facilities\n\n​\n\n17\n\n​\n\n2\n\nHeartland Flat Roll Division\n\n​\n\nTerre Haute, IN\n\n​\n\nFlat Roll Steel Cold-Rolling and Coating Facility\n\n​\n\n246\n\n​\n\n—\n\nUnited Steel Supply\n\n​\n\nIN, ID, MS, OR, and TX\n\n​\n\nDistributor of Painted Galvalume® Flat Roll Steel\n\n​\n\n58\n\n​\n\n1\n\nNew Process Steel\n\n​\n\nIN, IL, MS, AL, TX, and Monterrey, Mexico\n\n​\n\nFlat Roll Steel Distributor and Processing Facility\n\n​\n\n—\n\n​\n\n23\n\nSDI Mexico\n\n​\n\nMonterrey, Mexico\n\n​\n\nFlat Roll Steel Distribution Warehouse\n\n​\n\n—\n\n​\n\n5\n\nStructural and Rail Division\n\n​\n\nColumbia City, IN\n\n​\n\nStructural and Rail Steel Mill\n\n​\n\n1,003\n\n​\n\n—\n\nEngineered Bar Products Division\n\n​\n\nPittsboro, IN\n\n​\n\nEngineered Bar Steel Mill and Finishing Facility\n\n​\n\n312\n\n​\n\n—\n\nVulcan Threaded Products\n\n​\n\nPelham, AL\n\n​\n\nBar Steel Processing Facility\n\n​\n\n31\n\n​\n\n—\n\nRoanoke Bar Division\n\n​\n\nRoanoke, VA\n\n​\n\nMerchant Bar Steel Mill\n\n​\n\n313\n\n​\n\n—\n\nSteel of West Virginia\n\n​\n\nWV, KY, and TN\n\n​\n\nSpecialty Shapes Steel Mill and Finishing\n\n​\n\n141\n\n​\n\n6\n\n​\n\n​\n\n​\n\n​\n\nand Coating Facilities\n\n​\n\n​\n\n​\n\n​\n\nSDI Biocarbon Solutions\n\n​\n\nColumbus, MS\n\n​\n\nBiocarbon Production Facility\n\n​\n\n133\n\n​\n\n—\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Metals Recycling Operations Segment**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nOmniSource:\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nAlabama\n\n​\n\nBirmingham, AL\n\n​\n\nFerrous Scrap Processing\n\n​\n\n59\n\n​\n\n—\n\nIndiana\n\n​\n\nMultiple Cities\n\n​\n\nFerrous and Nonferrous Scrap Processing\n\n​\n\n359\n\n​\n\n26\n\nMichigan\n\n​\n\nMultiple Cities\n\n​\n\nFerrous and Nonferrous Scrap Processing\n\n​\n\n124\n\n​\n\n—\n\nMississippi\n\n​\n\nMultiple Cities\n\n​\n\nFerrous and Nonferrous Scrap Processing\n\n​\n\n43\n\n​\n\n13\n\nNorth Carolina\n\n​\n\nMultiple Cities\n\n​\n\nFerrous and Nonferrous Scrap Processing\n\n​\n\n303\n\n​\n\n—\n\nOhio\n\n​\n\nMultiple Cities\n\n​\n\nFerrous and Nonferrous Scrap Processing\n\n​\n\n239\n\n​\n\n21\n\nOklahoma\n\n​\n\nSand Springs, OK\n\n​\n\nFerrous Scrap Processing\n\n​\n\n—\n\n​\n\n10\n\nTennessee\n\n​\n\nMultiple Cities\n\n​\n\nFerrous and Nonferrous Scrap Processing\n\n​\n\n65\n\n​\n\n—\n\nTexas\n\n​\n\nMultiple Cities\n\n​\n\nFerrous and Nonferrous Scrap Processing\n\n​\n\n130\n\n​\n\n9\n\nVirginia\n\n​\n\nMultiple Cities\n\n​\n\nFerrous and Nonferrous Scrap Processing\n\n​\n\n121\n\n​\n\n—\n\nMexico\n\n​\n\nMultiple Cities\n\n​\n\nFerrous and Nonferrous Scrap Processing\n\n​\n\n17\n\n​\n\n62\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Steel Fabrication Operations Segment**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nNew Millennium Building Systems:\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nJoist and Deck Operations\n\n​\n\nButler, IN\n\n​\n\nSteel Joist and Deck Fabrication Facility\n\n​\n\n156\n\n​\n\n—\n\nJoist Operations\n\n​\n\nFallon, NV\n\n​\n\nSteel Joist Fabrication Facility\n\n​\n\n68\n\n​\n\n—\n\nJoist and Deck Operations\n\n​\n\nHope, AR\n\n​\n\nSteel Joist and Deck Fabrication Facility\n\n​\n\n245\n\n​\n\n7\n\nJoist Operations\n\n​\n\nJuarez, MX\n\n​\n\nSteel Joist Fabrication Facility\n\n​\n\n17\n\n​\n\n—\n\nJoist and Deck Operations\n\n​\n\nLake City, FL\n\n​\n\nSteel Joist and Deck Fabrication Facility\n\n​\n\n81\n\n​\n\n—\n\nDeck Operations\n\n​\n\nMemphis, TN\n\n​\n\nDeck Fabrication Facility\n\n​\n\n19\n\n​\n\n—\n\nJoist and Deck Operations\n\n​\n\nSalem, VA\n\n​\n\nSteel Joist and Deck Fabrication Facility\n\n​\n\n113\n\n​\n\n—\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Aluminum Operations Segment**\n\nAluminum Dynamics, LLC\n\n​\n\nColumbus, MS\n\n​\n\nRecycled Aluminum Flat Rolled Products Mill\n\n​\n\n2,112\n\n​\n\n—\n\nAluminum Dynamics of Mexico\n\n​\n\nSan Luis Potosi, Mexico\n\n​\n\nRecycled Aluminum Slab Facility\n\n​\n\n692\n\n​\n\n—\n\nSuperior Aluminum Alloys\n\n​\n\nNew Haven, IN\n\n​\n\nRecycled Aluminum Deox-Rod Facility\n\n​\n\n96\n\n​\n\n—\n\n​\n\nThe company’s corporate headquarters is located in Fort Wayne, Indiana on 20 owned acres. Our copper rod and wire facility, a controlled subsidiary, is in New Haven, Indiana on 35 owned and 4 leased acres.\n\n*Our 2025 steel mill production utilization was 86% of our estimated annual steelmaking capability.\n\n33\n\n[Table of Contents](#TOC)"}