Steel Dynamics (STLD) Risk Factor Changes

Pandemics, epidemics, widespread illness or other health issues may adversely affect our business, results of operations, financial condition, cash flows, liquidity and stock price.

Our existing debt agreements contain, and any future financing agreements may contain, restrictive covenants that may limit our flexibility.

Interruptions in our production capabilities may adversely affect our production costs, products available for sale and earnings during the affected period.

Delays in achieving full operational capacity at our new facilities has adversely affected and may continue to adversely affect our prospects, business, financial condition, results of operations and cash flows.

● the risk of becoming involved in labor, commercial, political, regulatory or other disputes or litigation related to new operations, acquisition targets or acquired businesses;

● the diversion of financial resources or management attention to new operations, acquisition targets or acquired businesses;

● the risk of new product development and qualification, technology development or customer acquisition and penetration being more costly, time-consuming or difficult than expected;

● the risk of a newly constructed facility being completed over budget or not on time, including due to equipment delays or labor shortages, or having delays or difficulties with its start-up, ramp-up or qualification…

Our growth strategy subjects us to various risks.

Although we believe we have adopted procedures, training programs, and controls to adequately protect our sensitive data, networks and information and operating technology and systems, there can be no assurance that a…

Increased cybersecurity and information technology security requirements, vulnerabilities and threats and a rise in sophisticated and targeted cybercrime, all of which may be heightened during times of war or hostilit…

We procure our scrap inventory from numerous sources.

In addition, we may be required to pay for, or to pay a portion of, the costs of cleanup at sites to which we sent materials for disposal or recycling, notwithstanding that the original disposal or recycling activity…

and comply with environmental permits and licenses, and failure to obtain or renew or the violation of any permit or license may result in substantial fines and penalties, capital expenditures, operational changes, su…

●the remediation and reclamation of land used in or affected by our operations;

●the use and treatment of groundwater and surface water;

The availability and prices of raw materials and supplies, particularly those with positive environmental attributes, may also be negatively affected by new, existing or changing laws, regulations, sanctions or embarg…

Our level of production and our sales and earnings are subject to significant fluctuations as a result of the cyclical nature of the metals industries and some of the other industries we serve.

United States steel producers compete with many foreign producers, including those in China, Vietnam and other Asian and European countries.

steel or any of our other products for the duration of such interruption.

Additionally, our recycled aluminum flat rolled products mill with an anticipated annual production capacity of 650,000 metric tons of finished products located in Columbus, Mississippi is expected to produce commerci…

potentially responsible parties.

●the remediation of soil and groundwater contamination;

Pandemics, epidemics, widespread illness or other health issues may adversely affect our business, results of operations, financial condition, cash flows, liquidity, and stock price.

We have a relatively concentrated group of aluminum customers.

Our aluminum operations depend on a core group of significant customers.

As we ramp up manufacturing processes for newly introduced products, we may experience difficulties, including manufacturing disruptions, delays, or other complications, which could adversely affect our ability to ser…

We may experience difficulties in the launch or production ramp-up of new products which may adversely affect our business.

claims.

and protection costs, including the cost or availability of insurance.

Compliance with environmental laws and regulations, which affect our EAF steelmaking, metals recycling, liquid pig-iron, aluminum, and copper production operations, is a significant factor in our business.

●the remediation of equipment, product, soil or water contamination;