Steel Dynamics (STLD) Inventory (2009 - 2026)
Steel Dynamics' Inventory came in at $3.96 billion for Q2 2026, up 21.3% from $3.26 billion a year earlier and up 1.2% from the prior quarter.
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Analysis
Steel Dynamics (STLD) Inventory (2009 - 2026) Analysis & Trends
At the end of FY2025, Steel Dynamics' Inventory was $3.74 billion, up 20.1% from FY2024.
- Inventory carries a five-year compound annual growth rate of 15.2% (FY2020 to FY2025).
- Going back by year, Inventory was $3.11 billion in FY2024 (+7.6%), $2.89 billion in FY2023 (-7.5%), $3.13 billion in FY2022 (-11.4%) and $3.53 billion in FY2021 (+91.5%).
- The Q2 2026 figure represents the highest quarterly Inventory in data going back to Q2 2009.
- Year-over-year, Inventory has increased for ten consecutive quarters, with growth averaging 11.5% over the last eight quarters.
- The fastest year-over-year change in Inventory over five years came in Q4 2021 (growth of 91.5%), and the weakest in Q2 2023 (a decline of 16.5%).
- Business Quant data shows STLD's Inventory at $3.91 billion (Q1 2026), $3.74 billion (Q4 2025) and $3.2 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | 7.73 Bn |
| 2 | Southern Copper | 169.34 Bn | 148.13 Bn | 2.90 Bn | 1.06 Bn |
| 3 | Rio Tinto | 142.72 Bn | 103.22 Bn | - | 6.97 Bn |
| 4 | Newmont | 124.89 Bn | 92.90 Bn | 4.03 Bn | 1.48 Bn |
| 5 | Freeport-Mcmoran | 99.22 Bn | 83.26 Bn | 2.19 Bn | - |
| 6 | Agnico Eagle Mines | 93.93 Bn | 83.56 Bn | 2.43 Bn | 1.62 Bn |
| 7 | Barrick Mining | 69.23 Bn | 44.43 Bn | 2.90 Bn | 2.09 Bn |
| 8 | Nucor | 59.43 Bn | 48.81 Bn | 2.03 Bn | 6.02 Bn |
| 9 | ArcelorMittal | 48.20 Bn | 27.22 Bn | - | 19.28 Bn |
| 10 | Steel Dynamics | 34.98 Bn | 32.06 Bn | 958.97 Mn | 3.96 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.96 Bn |
| Mar 31, 2026 | 3.91 Bn |
| Dec 31, 2025 | 3.74 Bn |
| Sep 30, 2025 | 3.20 Bn |
| Jun 30, 2025 | 3.26 Bn |
| Mar 31, 2025 | 3.10 Bn |
| Dec 31, 2024 | 3.11 Bn |
| Sep 30, 2024 | 3.04 Bn |
| Jun 30, 2024 | 3.07 Bn |
| Mar 31, 2024 | 3.03 Bn |
| Dec 31, 2023 | 2.89 Bn |
| Sep 30, 2023 | 2.94 Bn |
| Jun 30, 2023 | 3.04 Bn |
| Mar 31, 2023 | 2.99 Bn |
| Dec 31, 2022 | 3.13 Bn |
| Sep 30, 2022 | 3.38 Bn |
| Jun 30, 2022 | 3.65 Bn |
| Mar 31, 2022 | 3.52 Bn |
| Dec 31, 2021 | 3.53 Bn |
| Sep 30, 2021 | 2.89 Bn |
API Access
Steel Dynamics Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=inventory&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "ticker": "STLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=inventory&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();