Steel Dynamics Overview

Founded in 1993, Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with annual revenues of $8.8 billion in 2014, over 7,700 employees, and manufacturing facilities primarily located throughout the United States (including six steel mills, eight steel processing facilities, two iron production facilities, over 90 metals recycling locations and six steel fabrication plants). Steel Dynamics completed largest acquisituion to date in September 2014. Steel Dynamics purchased our sixth steel mill, located in Columbus, Mississippi. This acqusition increased SDI's production capacity by 40%. Our pro forma 2014 revenues were $10.4 billion. Steel Dynamics reporting segments are comprised of our steel operations, metals recycling and ferrous resources, and fabrication. Steel Dynamics steelmaking operations consist of mills, producing steel from steel scrap using electric arc furnaces, continuous casting, automated rolling mills, and downstream finishing facilities. This segment accounts for over 60% of the company's external net sales. The steel products we manufacture include high quality sheet and long products, and are used in a wide variety of end markets, such as automotive, construction, manufacturing and energy. Our metals recycling operation, OmniSource Corporation, is a wholly-owned subsidiary. OmniSource processes, transports, markets and brokers ferrous and nonferrous scrap metal. Additionally, our metals recycling operation offers consulting services, as well as provides customized scrap management services to industrial manufacturing companies throughout North America and Mexico. Primary end users of the ferrous scrap metal are domestic steel mills, including our own steelmaking facilities. Nonferrous scrap metal is used by a variety of specialty steel manufacturers, refineries and smelters, and producers of wire and cable. New Millennium Building Systems, our fabrication operation, produces trusses, girders, steel joist and steel decking products, used in the building industry. Steel Dynamics customers include nonresidential steel fabricators, metal building companies, general construction contractors, developers, brokers and government entities.
The staff at Steel Dynamics come from unusually diverse demographic backgrounds. The company is 21.2% female and 29.9% ethnic minorities. Despite its diversity in other areas, Steel Dynamics employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 82.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. Steel Dynamics has great employee retention with staff members usually staying with the company for 5.8 years. The average employee at Steel Dynamics makes $49,775 per year. Pay at Steel Dynamics is significantly lower than some of its highest paying competitors, like Baker Hughes, a GE, Reliance Steel & Aluminum Co, and Koch Industries, which pay $88,032, $77,668, and $65,927, respectively.
Based in Fort Wayne, IN, Steel Dynamics is a key player in the manufacturing industry with 9,625 employees and an annual revenue of $9.6B.

The Organization’s Mission

Steel Dynamics is committed to product and process improvement. Our mission statement is: To meet or exceed customer expectations with regard to quality, service, and price; To be a world-class supplier by continually improving our processes, equipment, and systems; To be a safe working environment for all employees; To continue to enhance the skills of our employees through ongoing training and education.

Perks of Working at Steel Dynamics

Competitive compensation package, an exciting work environment and advancement opportunities are some of the perks that people like the best about Steel Dynamics.

Industry

Metals

Revenue

$9.6B

Employees

9,625

Founded in

1993

Headquarters

Fort Wayne, IN

Website

www.steeldynamics.com

Organization Type

Public

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Steel Dynamics Employee Reviews

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Zippia UserMarch 2021

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What Do You Like About Working There?

Coworkers are great, upper management is a nightmare.

What DON'T You Like About Working There?

New upper management is dishonest and does not care about the employees, they just want to make money.

What Are Your Favorite Benefits/Perks?

The wonderful customers.
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The Team At Steel Dynamics

    Mark D. Millett (CEO / President)

    Keith E. Busse (Founder)

    Richard P. Teets Jr (Founder)

The Inside Scoop
Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States. This trusted company offers highly engineered, high-quality steel products that are custom-designed for specific customers and applications. Steel Dynamics has a state-of-the-art facility in Fort Wayne, Indiana as well as in Pennsylvania and Mississippi.
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Steel Dynamics Company Rankings

Steel Dynamics is ranked #51 on the Best Companies to Work For in Indiana list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Steel Dynamics Salaries

How much does Steel Dynamics pay?
The national average salary for a Steel Dynamics employee in the United States is $49,775 per year. Employees in the top 10 percent can make over $86,000 per year, while employees at the bottom 10 percent earn less than $28,000 per year.
9.1
Salary Score
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Average Employee Earnings

Steel Dynamics Salaries By Job Title

While Steel Dynamics employees earn an average yearly salary of $49,775, different roles can command different wages. Some of the job titles with high salaries at Steel Dynamics are Software Developer, Automation & Controls Engineer, Metallurgist, and Programmer. A typical Software Developer salary at Steel Dynamics is $104,632. To get a better sense of the salaries at Steel Dynamics, other roles such as Office Clerk and Receptionist can be considered as well. For comparison, the title Office Clerk at Steel Dynamics earns $31,329 per year.
Title
ascdesc
Average Salarydesc
Software Developer
Salary Range91k - 119k$105k$104,632
Automation & Controls Engineer
Salary Range87k - 111k$98k$98,488
Metallurgist
Salary Range55k - 173k$98k$98,454
Programmer
Salary Range75k - 99k$86k$86,343
Accounting Supervisor
Salary Range72k - 85k$79k$79,030
Information Technology Consultant
Salary Range67k - 91k$79k$78,818
Labour Relations Manager
Salary Range69k - 86k$78k$77,838
Mobile Equipment Mechanic
Salary Range47k - 123k$76k$76,440
Process Engineer
Salary Range64k - 88k$76k$75,594
Purchasing Manager
Salary Range65k - 80k$73k$72,900
$33k
$173k

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Steel Dynamics Careers

On average, employees at Steel Dynamics stay with the company for 5.8 years. Employees most commonly join Steel Dynamics after leaving Us Navy. When they leave Steel Dynamics, they most frequently get their next job at SDI International.

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Steel Dynamics Employee Demographics

9.3
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Genders

Male

78.8 %

Female

21.2 %

Ethnicity

White

70.7 %

Black or African American

11.4 %

Hispanic or Latino

8.1 %
See More About Steel Dynamics Demographics

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Steel Dynamics Employees Education

Of the 9,625 employees at Steel Dynamics, 19.2% attended Purdue University. Employees at Steel Dynamics most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

Schools

Purdue University

19.2 %

Vincennes University

8.2 %

Indiana University South Bend

8.2 %

Majors

Business

26.3 %

Electrical Engineering Technology

10.5 %

Computer Science

7.0 %

Degrees

Bachelors

52.3 %

Associate

20.3 %

High School Diploma

11.1 %

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Steel Dynamics Employee Political Affiliation

Steel Dynamics employees are most likely to be members of the Republican Party. The largest donation made to a political party by a Steel Dynamics employee was by Keith Busse. Keith Busse donated $76,366 to the Republican Party.

Parties

Republican Party

82.8 %
-

Democratic Party

17.2 %
-

Employee Political Donations

NameJob TitlePartyDonation
Keith BusseChairperson, Board Of DirectorsRepublican Party$76,366
Mark MillettExecutiveRepublican Party$12,050
Richard PoinsatteTreasurerRepublican Party$11,650
Theresa WaglerChief Finance OfficerRepublican Party$5,500
John NolanBusinessmanRepublican Party$4,000
Richard TeetsCo-FounderRepublican Party$2,500
Richard Teets JrManagerRepublican Party$2,400
TIM RingenbergLaboratory TechnicianRepublican Party$1,570
Benjamin EisbartVice PresidentDemocratic Party$1,500
Daniel KellerFM OperRepublican Party$1,331
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Steel Dynamics Financial Performance

9.2
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1993

Organization type

Public

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Steel Dynamics Subsidiaries

Subsidiaries to Steel Dynamics include CSN, Rolls-Royce, and Consolidated Systems. Employees at the parent company, Steel Dynamics, earn $49,775. In comparison, the salaries at CSN, Rolls-Royce, and Consolidated Systems are $75,114, $71,516, and $49,968.
Company
ascdesc
Average Salarydesc

CSN

Salary Range55k - 101k$75k$75,114
Rolls-Royce
Salary Range54k - 94k$72k$71,516

Consolidated Systems

Salary Range36k - 68k$50k$49,968

New Millennium Building Systems

Salary Range33k - 68k$48k$48,006

Steel of West Virginia

Salary Range31k - 58k$43k$42,745

Roanoke Electric Steel

Salary Range28k - 63k$43k$42,641
$28k
$101k

Steel Dynamics Competitors

Competitors of Steel Dynamics include Baker Hughes, a GE, Reliance Steel & Aluminum Co, and Koch Industries. The wages at Baker Hughes, a GE average higher than the other similar companies, where the median salary is $88,032 per year. The employees at Reliance Steel & Aluminum Co earn an average yearly salary of $77,668 per year, and the salaries at Koch Industries average $65,927 per year.
Companydesc
Average Salarydesc
Baker Hughes, a GE
Salary Range67k - 114k$88k$88,032
Reliance Steel & Aluminum Co
Salary Range57k - 104k$78k$77,668
Koch Industries
Salary Range46k - 93k$66k$65,927
Nucor
Salary Range46k - 88k$64k$63,631
Martin Marietta
Salary Range44k - 81k$61k$60,688
Owens Corning
Salary Range43k - 81k$60k$59,548
Allegheny Technologies
Salary Range42k - 80k$59k$58,668
USG
Salary Range40k - 77k$56k$56,356
Ferro
Salary Range40k - 70k$53k$53,430
Parker Hannifin
Salary Range37k - 73k$52k$52,387
$28k
$114k

Frequently Asked Questions about Steel Dynamics

When was Steel Dynamics founded?

Steel Dynamics was founded in 1993.

How many Employees does Steel Dynamics have?

Steel Dynamics has 9,625 employees.

How much money does Steel Dynamics make?

Steel Dynamics generates $9.6B in revenue.

What industry is Steel Dynamics in?

Steel Dynamics is in the metals industry.

What is Steel Dynamics's mission?

Steel Dynamics's mission statement is "Steel Dynamics is committed to product and process improvement. Our mission statement is: To meet or exceed customer expectations with regard to quality, service, and price; To be a world-class supplier by continually improving our processes, equipment, and systems; To be a safe working environment for all employees; To continue to enhance the skills of our employees through ongoing training and education."

What type of company is Steel Dynamics?

Steel Dynamics is a public company.

Who are Steel Dynamics's competitors?

Steel Dynamics competitors include Nucor, Reliance Steel & Aluminum Co, Allegheny Technologies, Olympic Steel, Owens Corning, Valmont Industries, Franklin Electric, Parker Hannifin, USG, Dover, Leggett & Platt, Ferro, Baker Hughes, a GE, Steel of West Virginia, Koch Industries, Martin Marietta, New Millennium Building Systems, Roanoke Electric Steel, Archer Daniels Midland Company, AK Steel.

Who works at Steel Dynamics?

Mark D. Millett (CEO / President)

Keith E. Busse (Founder)

Richard P. Teets Jr (Founder)

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Zippia gives an in-depth look into the details of Steel Dynamics, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Steel Dynamics. The employee data is based on information from people who have self-reported their past or current employments at Steel Dynamics. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Steel Dynamics. The data presented on this page does not represent the view of Steel Dynamics and its employees or that of Zippia.

Steel Dynamics may also be known as or be related to Steel Dynamics, Inc, Steel Dynamics, Inc., Steel Dynamics and Steel Dynamics Inc.