State Street Corporation files a Schedule 13G reporting 7,520,492 shares of Steel Dynamics, Inc. common stock. The filing shows 5.2% of the class as beneficially owned as of 03/31/2026, with 5,124,913 shares of shared voting power and 7,513,992 shares of shared dispositive power.
The filing lists multiple State Street investment-advisory subsidiaries and is signed by a senior officer on 05/12/2026.
Positive
None.
Negative
None.
Insights
Large passive holding reported by State Street entities at roughly 5.2% of the float.
State Street Corporation reports 7,520,492 shares beneficially owned with 5,124,913 shares of shared voting power and 7,513,992 shares of shared dispositive power as of 03/31/2026. The filing lists multiple advisory subsidiaries as the reporting entities.
Cash-flow treatment and whether holdings are passive or active are not specified in the excerpt; subsequent filings would show any changes in voting or disposition. The signature is by a senior officer on 05/12/2026.
Key Figures
Reporting date:03/31/2026Beneficially owned:7,520,492 sharesPercent of class:5.2%+3 more
6 metrics
Reporting date03/31/2026Ownership figures tied to this date
Beneficially owned7,520,492 sharesAmount beneficially owned reported in Item 4
Percent of class5.2%Percent of common stock reported
Shared voting power5,124,913 sharesShared power to vote reported in Item 4(ii)
Shared dispositive power7,513,992 sharesShared power to dispose reported in Item 4(iv)
Signature date05/12/2026Signed by Senior Vice President, Chief Accounting Officer
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Shared dispositive powerfinancial
"Item 4. (iv) Shared power to dispose or to direct the disposition of: 7,513,992"
Investment-advisory subsidiariesregulatory
"SSGA FUNDS MANAGEMENT, INC.; STATE STREET GLOBAL ADVISORS ..."
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
STEEL DYNAMICS INC
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
858119100
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
858119100
1
Names of Reporting Persons
STATE STREET CORPORATION
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,124,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,513,992.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,520,492.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
STEEL DYNAMICS INC
(b)
Address of issuer's principal executive offices:
7575 WEST JEFFERSON BLVD, FORT WAYNE, INDIANA, 46804
Item 2.
(a)
Name of person filing:
STATE STREET CORPORATION;
(b)
Address or principal business office or, if none, residence:
ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)
Citizenship:
MA
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP Number(s):
858119100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
7520492.00
(b)
Percent of class:
5.2 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
5,124,913
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
7,513,992
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
NOT APPLICABLE
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. (IA);STATE STREET GLOBAL ADVISORS ASIA LIMITED (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS SINGAPORE LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
NOT APPLICABLE
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
NOT APPLICABLE
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does State Street report in STEEL DYNAMICS INC (STLD)?
State Street reports 7,520,492 shares beneficially owned, representing 5.2% of common stock as of 03/31/2026. The filing lists shared voting and dispositive power figures for advisory subsidiaries.
Which voting and disposition powers does State Street report for STLD?
The filing shows 5,124,913 shares with shared voting power and 7,513,992 shares with shared dispositive power. These figures are reported in Item 4 of the Schedule 13G.
Which State Street entities are named in the Schedule 13G for STLD?
The Schedule 13G names multiple advisory subsidiaries including SSGA Funds Management, Inc. and several State Street Global Advisors entities across regions as identified in the filing excerpt.
What date are the ownership figures in the STLD Schedule 13G tied to?
Ownership figures are reported as of 03/31/2026. The schedule itself is signed on 05/12/2026 by a senior officer at State Street Corporation.
Does the Schedule 13G indicate whether State Street controls STLD?
The filing reports shared voting power and shared dispositive power amounts but does not state control or intent; it lists holdings and reporting subsidiaries without claiming control.
