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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: Steel Dynamics Inc.
Ownership Structure: publicly traded (ticker symbol STLD)
Headquartered in: Indiana
Major Industry: metals
Specific Industry: steel
| Subsidy Summary | Subsidy Value | Number of Awards |
| State/Local | $401,931,810 | 50 |
| Federal (grants and allocated tax credits) | $5,555,008 | 10 |
| TOTAL | $407,486,818 | 60 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $1,395,000 | 4 |
| TOTAL | $1,395,000 | 4 |
Time Period for State and Local Awards: Earliest year of data: 1991. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2010.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
| Mississippi | $358,093,984 | 8 |
| Minnesota | $16,488,000 | 1 |
| Indiana | $14,735,000 | 15 |
| Texas | $5,995,000 | 1 |
| Florida | $3,400,000 | 2 |
| All other | $3,219,826 | 23 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source | Year | Subsidy Value  . | Loan/Bailout Value | Type of Subsidy |
| Steel Dynamics, Inc | Mississippi | state | 2022 | $247,000,000 | | MEGADEAL  |
| SeverCorr | Mississippi | multiple | 2005 | $99,750,000 | | MEGADEAL |
| Mesabi Nugget | Minnesota | local | 2009 | $16,488,000 | | tax credit/rebate and grant |
| Steel Dynamics Southwest, LLC | Texas | state | 2019 | $5,995,000 | | grant |
| Steel Dynamics, Inc. | Indiana | state | 2009 | $5,500,000 | | tax credit/rebate |
| SeverCorr | Mississippi | state | 2009 | $3,092,149 | | training reimbursement |
| SeverStal | Mississippi | state | 2011 | $2,546,164 | | training reimbursement |
| SeverStal | Mississippi | state | 2010 | $2,513,371 | | training reimbursement |
| Steel Dynamics, Inc. | Indiana | state | 2009 | $2,250,000 | | tax credit/rebate |
| New Millennium Building Systems, LLC | Florida | state | 2004 | $2,000,000 | | grant |
| Steel Dynamics, Inc. | Mississippi | state | 2015 | $1,950,000 | | grant |
| Steel Dynamics Heartland, LLC | Indiana | state | 2022 | $1,450,000 | | tax credit/rebate |
| New Millennium Building Systems, LLC | Florida | state | 2004 | $1,400,000 | | tax credit/rebate |
| MESABI NUGGET LLC | United States | federal | 2004 | $1,226,000 | | federal grant |
| MESABI NUGGET LLC | United States | federal | 2004 | $1,066,605 | | federal grant |
| NEW MILLENNIUM BUILDING SYSTEMS | Arkansas | state | 2018 | $1,019,423 | | training reimbursement |
| Steel Dynamics, Inc. | Indiana | state | 2010 | $1,000,000 | | tax credit/rebate |
| Steel Dynamics, Inc. | Indiana | state | 2008 | $770,000 | | tax credit/rebate |
| Steel Dynamics, Inc. | Mississippi | state | 2018 | $742,300 | | grant |
| Steel Dynamics, Inc. | Indiana | state | 2007 | $700,000 | | tax credit/rebate |
| MESABI NUGGET LLC | United States | federal | 2003 | $700,000 | | federal grant |
| MESABI NUGGET LLC | United States | federal | 2003 | $700,000 | | federal grant |
| MESABI NUGGET LLC | United States | federal | 2004 | $655,606 | | federal grant |
| Steel Dynamics, Inc. | Indiana | state | 2012 | $650,000 | | tax credit/rebate |
| Steel Dynamics, Inc. | Indiana | state | 2006 | $600,000 | | tax credit/rebate |
| MESABI NUGGET LLC | United States | federal | 2003 | $600,000 | | federal grant |
| Steel Dynamics, Inc. | Indiana | state | 2013 | $500,000 | | tax credit/rebate |
| Steel Dynamics | Mississippi | state | 2015 | $500,000 | | grant/loan hybrid program |
| Steel Dynamics Roanoke Bar Division | Virginia | state | 2018 | $450,000 | | grant |
| Steel Dynamics, Inc. | Indiana | state | 2007 | $350,000 | | tax credit/rebate |
| Steel Dynamics, Inc. | Indiana | state | 2010 | $325,000 | | tax credit/rebate |
| MESABI NUGGET LLC | United States | federal | 2004 | $312,250 | | federal grant |
| Steel Dynamics, Inc. | Indiana | state | 2018 | $300,000 | | tax credit/rebate |
| NEW MILLENNIUM BUILDING SYSTEMS | Arkansas | state | 2017 | $266,482 | | training reimbursement |
| New Millenium Building Systems | Nevada | state | 2016 | $217,900 | | tax credit/rebate |
| Steel Dynamics, Inc. | Indiana | state | 2018 | $190,000 | | training reimbursement |
| MESABI NUGGET LLC | United States | federal | 2005 | $162,152 | | federal grant |
| OmniSource Corporation | North Carolina | state | 2015 | $162,071 | | tax credit/rebate |
| Steel Dynamics, Inc. - Roanoke Bar Division | Virginia | state | 2017 | $153,500 | | training reimbursement |
| New Millenium Building Systems | Nevada | state | 2016 | $148,700 | | tax credit/rebate |
| OmniSource Corporation | Ohio | state | 2012 | $116,677 | | tax credit/rebate |
| MESABI NUGGET LLC | United States | federal | 2004 | $107,395 | | federal grant |
| Steel Dynamics, Inc. | Indiana | state | 2007 | $100,000 | | training reimbursement |
| OmniSource Corporation | North Carolina | state | 2012 | $72,939 | | tax credit/rebate |
| OmniSource Corporation | North Carolina | state | 2017 | $69,473 | | tax credit/rebate |
| OmniSource Corporation | North Carolina | state | 2013 | $65,890 | | tax credit/rebate |
| OmniSource Corporation | North Carolina | state | 2016 | $65,377 | | tax credit/rebate |
| OmniSource Corporation | North Carolina | state | 2011 | $61,876 | | tax credit/rebate |
| Roanoke Electric Steel Corporation | Virginia | state | 2009 | $61,763 | | grant |
| Omnisource Corporation | North Carolina | state | 2010 | $56,519 | | tax credit/rebate |
| Steel Dynamics Columbus LLC | North Carolina | state | 2019 | $55,279 | | tax credit/rebate |
| Steel Dynamics Columbus, LLC | North Carolina | state | 2018 | $54,063 | | tax credit/rebate |
| Steel Dynamics, Inc. | Indiana | state | 2018 | $50,000 | | tax credit/rebate |
| Dynamic Aviation | Virginia | state | 2009 | $35,286 | | training reimbursement |
| Dynamic Aviation | Virginia | state | 2010 | $33,682 | | training reimbursement |
| MESABI NUGGET LLC | United States | federal | 2002 | $25,000 | | federal grant |
| New Millennium Building Systems | Virginia | state | 2009 | $21,000 | | training reimbursement |
| New Millenium Building Systems | Nevada | state | 2016 | $19,900 | | tax credit/rebate |
| OmniSource Corporation | North Carolina | state | 2013 | $7,304 | | tax credit/rebate |
| Omnisource Corporation | North Carolina | state | 2008 | $4,722 | | tax credit/rebate |
| Omnisource Corporation | United States | federal | 2011 | | $675,000 | federal loan or loan guarantee |
| Omnisource Corporation | United States | federal | 2010 | | $540,000 | federal loan or loan guarantee |
| Omnisource Corporation | United States | federal | 2010 | | $90,000 | federal loan or loan guarantee |
| Omnisource Corporation | United States | federal | 2010 | | $90,000 | federal loan or loan guarantee |
| JACKSON IRON & METAL COMPANY | Michigan | local | 1997 | undisclosed | | property tax abatement |
| OMNISOURCE CORPORATION | Michigan | local | 1999 | undisclosed | | property tax abatement |
| OMNISOURCE CORPORATION | Michigan | local | 2002 | undisclosed | | property tax abatement |
| OMNISOURCE CORPORATION | Michigan | local | 2004 | undisclosed | | property tax abatement |
| Mesabi Nugget, Delaware LLC | Minnesota | state | 2005 | undisclosed | | enterprise zone |
| OMNISOURCE BAY CITY LLC | Michigan | local | 2007 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2012 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2011 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2008 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2010 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2009 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2012 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2011 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2010 | undisclosed | | property tax abatement |
| OMNISOURCE CORPORATION | Indiana | local | 2006 | undisclosed | | property tax abatement |
| OMNISOURCE CORPORATION | Indiana | local | 2005 | undisclosed | | property tax abatement |
| OMNISOURCE CORPORATION | Indiana | local | 2004 | undisclosed | | property tax abatement |
| OMNISOURCE CORPORATION | Indiana | local | 2004 | undisclosed | | property tax abatement |
| OMNISOURCE CORPORATION | Indiana | local | 2003 | undisclosed | | property tax abatement |
| OMNISOURCE CORPORATION | Indiana | local | 2003 | undisclosed | | property tax abatement |
| OmniSource | Ohio | local | 1995 | undisclosed | | enterprise zone |
| OmniSource | Ohio | local | 2004 | undisclosed | | enterprise zone |
| OmniSource Corp. | Ohio | local | 1991 | undisclosed | | enterprise zone |
| OmniSource Corporation | Ohio | local | 2010 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2013 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2013 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2014 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2014 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2015 | undisclosed | | property tax abatement |
| OMNISOURCE CORP | Indiana | local | 2016 | undisclosed | | property tax abatement |
| Steel Dynamics Inc & Subs | West Virginia | state | 2010 | undisclosed | | tax credit/rebate |
| Steel Dynamics Inc & Subs | West Virginia | state | 2010 | undisclosed | | tax credit/rebate |
| New Process Steel, LP | Mississippi | state | 2017 | undisclosed | | tax credit/rebate |
| OMNISOURCE CORP | Indiana | local | 2017 | undisclosed | | property tax abatement |
| Steel Dynamics Southwest, LLC | Texas | state | 2020 | undisclosed | | enterprise zone |
| Jackson Iron And Metal Co., Inc. | Michigan | state | 2013 | undisclosed | | property tax abatement |
