What is Steel Dynamics's steel operations — cost of goods sold?

Steel Dynamics (STLD) reported steel operations — cost of goods sold of $3.03B in Q1 2026.

How has Steel Dynamics's steel operations — cost of goods sold changed year-over-year?

Steel Dynamics's steel operations — cost of goods sold increased by 5.6% year-over-year, from $2.87B to $3.03B.

What is the long-term trend for Steel Dynamics's steel operations — cost of goods sold?

Over 3 years (2022 to 2025), Steel Dynamics's steel operations — cost of goods sold has grown at a -0.1% compound annual growth rate (CAGR), from $11.79B to $11.74B.

What does steel operations — cost of goods sold mean?

The direct expenses incurred to manufacture and deliver steel products.

Business Segments · Cost of Goods Sold

Steel Operations — Cost of Goods Sold

Steel Dynamics Steel Operations — Cost of Goods Sold decreased by 47.2% to $3.03B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.6%, from $2.87B to $3.03B. Over 3 years (FY 2022 to FY 2025), Steel Operations — Cost of Goods Sold shows relatively stable performance with a -0.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ2 2020

Last reportedQ4 2025

Rolls up toTotal Cost of Revenue

How to read this metric

A decrease relative to revenue indicates improved operational efficiency or lower input costs, while an increase may signal inflationary pressure or production inefficiencies.

Detailed definition

The direct costs attributable to the production of steel products, including raw materials, labor, energy, and manufactu...

Peer comparison

Standard metric for manufacturing firms; peers use this to benchmark cost-per-ton efficiency.

Metric ID: stld_segment_steel_operations_cost_of_goods_and_services_sold

Historical Data

17 periods

	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$2.95B	$2.95B	$2.95B	$2.95B	$2.74B	$2.74B	$2.74B	$2.74B	$2.79B	$2.76B	$2.67B	$2.52B	$2.87B	$32.30M	$3.10B	$5.74B	$3.03B
QoQ Change	—	+0.0%	+0.0%	+0.0%	-6.9%	+0.0%	+0.0%	+0.0%	+1.7%	-1.2%	-3.3%	-5.3%	+13.7%	-98.9%	>999%	+85.5%	-47.2%
YoY Change	—	—	—	—	-6.9%	-6.9%	-6.9%	-6.9%	+1.7%	+0.4%	-2.9%	-8.0%	+2.9%	-98.8%	+16.1%	+127.5%	+5.6%

Range$32.30M – $5.74B

CAGR+0.7%

Avg YoY Growth+1.3%

Median YoY Growth-2.9%

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Frequently Asked Questions

What is Steel Dynamics's steel operations — cost of goods sold?: Steel Dynamics (STLD) reported steel operations — cost of goods sold of $3.03B in Q1 2026.
How has Steel Dynamics's steel operations — cost of goods sold changed year-over-year?: Steel Dynamics's steel operations — cost of goods sold increased by 5.6% year-over-year, from $2.87B to $3.03B.
What is the long-term trend for Steel Dynamics's steel operations — cost of goods sold?: Over 3 years (2022 to 2025), Steel Dynamics's steel operations — cost of goods sold has grown at a -0.1% compound annual growth rate (CAGR), from $11.79B to $11.74B.
What does steel operations — cost of goods sold mean?: The direct expenses incurred to manufacture and deliver steel products.