Steel Dynamics (STLD) risk factors: FY2025 10-K

1. Global and National Risks Related to our Business
2. Our industries, as well as the industries of many of our customers and suppliers upon whom we are dependent, are affected by domestic and global economic factors including periods of slower than anticipated economic growth and the risk of a recession.reworded
3. Global steelmaking overcapacity and imports of steel into the United States may adversely affect United States steel prices, which, together with increased scrap prices, may adversely affect our business, results of operations, financial condition and cash flows.
4. Industry Risks Related to our Business
5. 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.reworded
6. Volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers, may constrain operating levels and reduce profit margins.
7. The cost and availability of electricity, natural gas, oil and other energy resources are subject to volatile market conditions.
8. Increased environmental, GHG emissions and sustainability considerations from our customers and investors or related regulations could affect demand for our products and add significant costs.
9. Compliance with and changes in environmental and remediation requirements may result in substantially increased capital requirements and operating costs.
10. natural resource protections; and the protection of our employees’ health and safety.
11. Operational and Commercial Risks Related to our Business
12. We may face significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials, which may adversely affect our business, financial condition, results of operations and cash flows.
13. Availability of an adequate source of supply of scrap is required for our metals recycling operations.
14. We are subject to cybersecurity threats and may face risks to the security of our sensitive data and information technology which may adversely affect our business, results of operations, financial condition and cash flows.Cybersecurity
15. We may face risks associated with the implementation of our growth strategy.
16. the inability to work efficiently with joint venture or strategic alliance partners; and the difficulties of terminating joint ventures or strategic alliances.
17. We may face risks associated with our ability to retain, develop and attract key personnel.
18. We are subject to litigation and legal compliance risks which may adversely affect our financial condition, results of operations and liquidity.
19. Unexpected equipment downtime or shutdowns may adversely affect our business, financial condition, results of operations and cash flows.
20. We may experience difficulties in the launch or production ramp-up of new products which may adversely affect our business.new
21. Our aluminum operations depend on a core group of significant customers.new
22. Governmental agencies may refuse to grant or renew some of our licenses and permits required to operate our businesses.
23. Our existing debt agreements contain, and any future financing agreements may contain, restrictive covenants that may limit our flexibility.reworded
24. Impairment charges may adversely affect our results of operations.

Read these in Item 1A · See the changes

Headings in the FY2024 10-K with no match this year.

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