Business Segments · Cost of Goods Sold

Metals Recycling Operations — Cost of Goods Sold

Steel Dynamics Metals Recycling Operations — Cost of Goods Sold increased by 12.8% to $1.05B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.0%, from $1.02B to $1.05B. Over 3 years (FY 2022 to FY 2025), Metals Recycling Operations — Cost of Goods Sold shows relatively stable performance with a 1.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ2 2020
Last reportedQ4 2025

How to read this metric

Lower costs relative to revenue indicate improved operational efficiency and better margin management.

Detailed definition

The direct costs attributable to the production and processing of recycled metal materials, including raw scrap procurem...

Peer comparison

Standard cost of sales metric; peers in the recycling sector track this to monitor commodity price exposure.

Metric ID: stld_segment_metals_recycling_operations_cost_of_goods_and_services_sold

Historical Data

17 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$996.56M$996.56M$996.56M$996.56M$992.94M$992.94M$992.94M$992.94M$993.26M$1.05B$992.76M$906.50M$1.02B$1.11B$1.08B$932.03M$1.05B
QoQ Change+0.0%+0.0%+0.0%-0.4%+0.0%+0.0%+0.0%+0.0%+6.1%-5.8%-8.7%+12.5%+9.2%-3.3%-13.4%+12.8%
YoY Change-0.4%-0.4%-0.4%-0.4%+0.0%+6.1%-0.0%-8.7%+2.7%+5.7%+8.4%+2.8%+3.0%
Range$906.50M$1.11B
CAGR+1.3%
Avg YoY Growth+1.4%
Median YoY Growth+0.0%

Frequently Asked Questions

What is Steel Dynamics's metals recycling operations — cost of goods sold?
Steel Dynamics (STLD) reported metals recycling operations — cost of goods sold of $1.05B in Q1 2026.
How has Steel Dynamics's metals recycling operations — cost of goods sold changed year-over-year?
Steel Dynamics's metals recycling operations — cost of goods sold increased by 3.0% year-over-year, from $1.02B to $1.05B.
What is the long-term trend for Steel Dynamics's metals recycling operations — cost of goods sold?
Over 3 years (2022 to 2025), Steel Dynamics's metals recycling operations — cost of goods sold has grown at a 1.3% compound annual growth rate (CAGR), from $3.99B to $4.14B.
What does metals recycling operations — cost of goods sold mean?
The direct costs incurred to acquire and process recycled metals for sale.