Steel Dynamics (STLD) Work In Process (2010 - 2026)
Steel Dynamics (STLD) recorded Work In Process of $706.55 million in Q2 2026, up 88.7% from $374.43 million a year earlier and up 13.4% from the prior quarter.
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Analysis
Steel Dynamics (STLD) Work In Process (2010 - 2026) Analysis & Trends
At the end of FY2025, Steel Dynamics reported Work In Process of $414.49 million, up 54.1% from FY2024.
- Annual Work In Process has a five-year compound annual growth rate of 20.5% (FY2020 to FY2025).
- Across earlier years, Work In Process came in at $269.03 million in FY2024 (-9.4%), $296.93 million in FY2023 (+16.0%), $256.07 million in FY2022 (-36.3%) and $402.21 million in FY2021 (+147.0%).
- The Q2 2026 figure is the highest quarterly Work In Process in data going back to Q4 2010.
- On a year-over-year basis, Work In Process has increased for six consecutive quarters, with growth averaging 31.5% over the last eight quarters.
- Peak year-over-year performance for Work In Process in the last five years was growth of 147.0% in Q4 2021, against a decline of 36.3% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $622.81 million (Q1 2026), $414.49 million (Q4 2025) and $372.26 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - |
| 2 | Southern Copper | 167.30 Bn | 146.09 Bn | 2.90 Bn |
| 3 | Rio Tinto | 143.04 Bn | 103.54 Bn | - |
| 4 | Newmont | 124.35 Bn | 92.35 Bn | 4.03 Bn |
| 5 | Freeport-Mcmoran | 99.09 Bn | 83.13 Bn | 2.19 Bn |
| 6 | Agnico Eagle Mines | 93.47 Bn | 83.11 Bn | 2.43 Bn |
| 7 | Barrick Mining | 69.01 Bn | 44.20 Bn | 2.90 Bn |
| 8 | Nucor | 59.68 Bn | 49.06 Bn | 2.03 Bn |
| 9 | ArcelorMittal | 48.25 Bn | 27.28 Bn | - |
| 10 | Steel Dynamics | 35.20 Bn | 32.28 Bn | 958.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 706.55 Mn |
| Mar 31, 2026 | 622.81 Mn |
| Dec 31, 2025 | 414.49 Mn |
| Sep 30, 2025 | 372.26 Mn |
| Jun 30, 2025 | 374.43 Mn |
| Mar 31, 2025 | 339.29 Mn |
| Dec 31, 2024 | 269.03 Mn |
| Sep 30, 2024 | 287.01 Mn |
| Jun 30, 2024 | 316.02 Mn |
| Mar 31, 2024 | 330.22 Mn |
| Dec 31, 2023 | 296.93 Mn |
| Sep 30, 2023 | 341.04 Mn |
| Jun 30, 2023 | 305.69 Mn |
| Mar 31, 2023 | 291.54 Mn |
| Dec 31, 2022 | 256.07 Mn |
| Sep 30, 2022 | 314.66 Mn |
| Jun 30, 2022 | 388.83 Mn |
| Mar 31, 2022 | 435.90 Mn |
| Dec 31, 2021 | 402.21 Mn |
| Sep 30, 2021 | 305.29 Mn |
API Access
Steel Dynamics Work In Process 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=work-in-process&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "work-in-process", "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=work-in-process&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();