CEO Today Global Awards 2023 - USA - - 83 - Steel Dynamics Founded 30 years ago, Steel Dynamics is one of the largest, most diversified, and most profitable steel producers and metal recyclers in North America. The company’s circular manufacturing model is comprised of three primary operating platforms, encompassing metals recycling, steel production, and steel and nonferrous metals manufacturing. This model drives a more efficient, highly diversified, and sustainably lower-carbon product portfolio. The company differentiates itself through an exceptional and unique operational culture, performance-driven compensation programs, a diversified and value-added product portfolio, a low-cost operating base, and an entrepreneurial spirit that permeates the entire organization. These factors drive the company forward and create long-term value for all those involved. 2022 The entire Steel Dynamics team delivered a record performance during 2022. The strategic growth and market positioning over the last number of years were fundamental to the company’s current performance. The company achieved numerous milestones and performed at the top of its industry, both operationally and financially. On most every measure, 2022 was a record year. The company increased its 2022 revenue to a record $22.3 billion. The company also expanded profit margins, achieving record 2022 annual operating income of $5.1 billion, cash flow from operations of $4.5 billion, and EBITDA of $5.5 billion. The company ended 2022 with record liquidity of $3.4 billion, while at the same time meaningfully growing its business through significant organic growth investments, maintaining a positive cash dividend profile, and executing on its extensive share repurchase program. Steel Dynamics has a firm foundation for its continued long-term strategic growth and ongoing value creation. The company performance is truly a testament to the passion, commitment, and spirit of excellence that drive Steel Dynamics teams. Everyone at Steel Dynamics is committed to all aspects of sustainability. It is embedded in the company’s founding principles — valuing people, partners, communities, and the environment. These strategic principles drive long-term value creation for everyone. The health and safety of the company’s people is its number one value and primary focus. Nothing surpasses the importance of each individual team member. Safety is an integral part of Steel Dynamics’ culture, and everyone must collectively ensure every person is personally engaged in sustaining a safe workplace for themselves, their team members, and their families. We are also committed to operating our business in an environmentally responsible manner and have been since our founding. Our steel mills produce steel exclusively utilizing electric arc furnace (EAF) technology, which uses recycled ferrous scrap as the primary raw material. This method of steelmaking has a much lower environmental impact when compared to traditional steelmaking technology — our steel mills Scope 1 and Scope 2 Greenhouse Gas intensity is approximately 25% of that of the global steel industry average. With our EAF steelmaking, North American recycling business, and circular manufacturing model, Steel Dynamics is already a leader in the production of lower-carbon steel products within the global industry is the largest ferrous and non-ferrous metals recycler in North America. We continue to encourage the research and use of new technologies and processes to further reduce our impact on the environment, including a strategic focus on lowering carbon emissions with a goal for our steel mills to be carbon neutral by 2050. Our sustainability and decarbonization strategy is an ongoing journey, and we plan to use our entrepreneurial, innovative spirit to continue to be a leader in the industry. We continue to position our company for the future through optimization of existing operations, organic investments, and transactional growth. Everyone at Steel Dynamics is committed to all aspects of sustainability. It is embedded in the company’s founding principles — valuing people, partners, communities, and the environment.
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