Steel Dynamics Announces Completion of $1 Billion Notes Offering

Group 1: Steel Dynamics, Inc. (STLD) Financial Activities - Steel Dynamics has completed the sale of $600 million of 5.25% Notes due 2035 and$ 400 million of 5.75% Notes due 2055, with proceeds aimed at general corporate purposes and redeeming $400 million of 2.4% Senior Notes due in June 2025 [1] - The transaction aligns with Steel Dynamics' long-term strategy to establish a solid capital foundation for supporting personnel, customers, shareholders, and future growth [1][2] Group 2: Market Conditions and Demand Outlook - Steel Dynamics anticipates favorable market conditions to support rising demand across its operational platforms in 2025, with stabilized steel pricing and strong customer optimism [3] - The company believes that demand for domestically manufactured steel products with reduced carbon emissions will bolster future domestic steel prices [3] - Onshoring of manufacturing and significant public funding investments related to infrastructure and energy programs are expected to enhance the competitiveness of the domestic steel industry [3] Group 3: Competitor Insights - Nucor expects first-quarter 2025 earnings in steel mills and products to be comparable to the fourth quarter of 2024, while raw materials segment earnings are predicted to decline [4] - U.S. Steel forecasts first-quarter 2025 adjusted EBITDA between$ 100 million and $150 million, with a decline in the Flat-Rolled segment due to logistics constraints [5] - ArcelorMittal projects a 2.5% to 3.5% increase in world ex-China apparent steel consumption in 2025, supporting steel export growth despite near-term subdued demand [6]