Subsidy Tracker Parent Company Summary

Parent Company Name: 
Steel Dynamics
Ownership Structure: 
publicly traded (ticker symbol STLD)
Headquartered in: 
Indiana
Major Industry: 
metals
Specific Industry: 
steel
Subsidy SummarySubsidy ValueNumber of Awards
State/Local$151,599,26563
Federal (grants and allocated tax credits)$5,555,00810
TOTAL$157,154,27373
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$1,395,0004
TOTAL$1,395,0004
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.

Associated Names: 

JACKSON IRON & METAL COMPANY; MESABI NUGGET; NEW MILLENIUM BUILDING SYS; NEW MILLENNIUM BUILDING SYS; NEW PROCESS STEEL LP; NEW PROCESS STEEL MS PROCESS STEEL AND SEVERSTAL; OMNISOURCE; ROANOKE ELECTRIC STEEL; SEVERCORR; STEEL DYNAMICS; STEEL DYNAMICS AND SUBS

Links: 

For a summary of this company's regulatory violations see its Violation Tracker summary page here.

For an overview of political contributions associated with this company, see its Follow the Money page.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
Mississippi$110,651,6847
Indiana$18,622,07035
Minnesota$16,488,0001
Florida$3,400,0002
Arkansas$1,285,9052
All other$1,151,60616

Individual Subsidy Records:

Click on the company name for more information on each subsidy award.
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Company Location Subsidy Source Yearsort icon Subsidy Value Loan/Bailout Value Type of Subsidy
OmniSource Corp. Ohio local 1991 undisclosed enterprise zone
OmniSource Ohio local 1995 undisclosed enterprise zone
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
MESABI NUGGET LLC United States federal 2002 $25,000 federal grant
OMNISOURCE CORPORATION Indiana local 2003 $600,000 property tax abatement
OMNISOURCE CORPORATION Indiana local 2003 $1,171,460 property tax abatement
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 2003 $600,000 federal grant
OMNISOURCE CORPORATION Michigan local 2004 undisclosed property tax abatement
New Millennium Building Systems, LLC Florida state 2004 $2,000,000 grant
New Millennium Building Systems, LLC Florida state 2004 $1,400,000 tax credit/rebate
OMNISOURCE CORPORATION Indiana local 2004 $10,816 property tax abatement
OMNISOURCE CORPORATION Indiana local 2004 $69,607 property tax abatement
OmniSource Ohio local 2004 undisclosed enterprise zone
MESABI NUGGET LLC United States federal 2004 $1,226,000 federal grant
MESABI NUGGET LLC United States federal 2004 $1,066,605 federal grant
MESABI NUGGET LLC United States federal 2004 $655,606 federal grant
MESABI NUGGET LLC United States federal 2004 $312,250 federal grant
MESABI NUGGET LLC United States federal 2004 $107,395 federal grant
Mesabi Nugget, Delaware LLC Minnesota state 2005 undisclosed enterprise zone
SeverCorr Mississippi multiple 2005 $99,750,000 MEGADEAL
OMNISOURCE CORPORATION Indiana local 2005 $44,370 property tax abatement
MESABI NUGGET LLC United States federal 2005 $162,152 federal grant
OMNISOURCE CORPORATION Indiana local 2006 $17,640 property tax abatement
Steel Dynamics, Inc. Indiana state 2006 $600,000 tax credit/rebate
OMNISOURCE BAY CITY LLC Michigan local 2007 undisclosed property tax abatement
Steel Dynamics, Inc. Indiana state 2007 $700,000 tax credit/rebate
Steel Dynamics, Inc. Indiana state 2007 $350,000 tax credit/rebate
Steel Dynamics, Inc. Indiana state 2007 $100,000 training reimbursement
OMNISOURCE CORP Indiana local 2008 $114,017 property tax abatement
Steel Dynamics, Inc. Indiana state 2008 $770,000 tax credit/rebate
Omnisource Corporation North Carolina state 2008 $4,722 tax credit/rebate
Mesabi Nugget Minnesota local 2009 $16,488,000 tax credit/rebate and grant
Roanoke Electric Steel Corporation Virginia state 2009 $61,763 grant
New Millennium Building Systems Virginia state 2009 $21,000 training reimbursement
Dynamic Aviation Virginia state 2009 $35,286 training reimbursement
SeverCorr Mississippi state 2009 $3,092,149 training reimbursement
OMNISOURCE CORP Indiana local 2009 $205,370 property tax abatement
Steel Dynamics, Inc. Indiana state 2009 $2,250,000 tax credit/rebate
Steel Dynamics, Inc. Indiana state 2009 $5,500,000 tax credit/rebate
Dynamic Aviation Virginia state 2010 $33,682 training reimbursement
SeverStal Mississippi state 2010 $2,513,371 training reimbursement
New Process Steel, MS Process Steel & Severstal Mississippi state 2010 $300,000 grant/loan hybrid program
OMNISOURCE CORP Indiana local 2010 $128,660 property tax abatement
OMNISOURCE CORP Indiana local 2010 $877,850 property tax abatement
OmniSource Corporation Ohio local 2010 undisclosed property tax abatement
Steel Dynamics, Inc. Indiana state 2010 $325,000 tax credit/rebate
Steel Dynamics, Inc. Indiana state 2010 $1,000,000 tax credit/rebate
Omnisource Corporation North Carolina state 2010 $56,519 tax credit/rebate
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
Steel Dynamics Inc & Subs West Virginia state 2010 undisclosed tax credit/rebate
Steel Dynamics Inc & Subs West Virginia state 2010 undisclosed tax credit/rebate
SeverStal Mississippi state 2011 $2,546,164 training reimbursement
OMNISOURCE CORP Indiana local 2011 $78,700 property tax abatement
OMNISOURCE CORP Indiana local 2011 $689,650 property tax abatement
OmniSource Corporation North Carolina state 2011 $61,876 tax credit/rebate
Omnisource Corporation United States federal 2011 $675,000 federal loan or loan guarantee
OmniSource Corporation Ohio state 2012 $116,677 tax credit/rebate
OMNISOURCE CORP Indiana local 2012 $44,530 property tax abatement
OMNISOURCE CORP Indiana local 2012 $393,510 property tax abatement
Steel Dynamics, Inc. Indiana state 2012 $650,000 tax credit/rebate
OmniSource Corporation North Carolina state 2012 $72,939 tax credit/rebate
Steel Dynamics, Inc. Indiana state 2013 $500,000 tax credit/rebate
OMNISOURCE CORP Indiana local 2013 $23,690 property tax abatement
OMNISOURCE CORP Indiana local 2013 $327,520 property tax abatement
OmniSource Corporation North Carolina state 2013 $7,304 tax credit/rebate
OmniSource Corporation North Carolina state 2013 $65,890 tax credit/rebate
OMNISOURCE CORP Indiana local 2014 $9,370 property tax abatement
OMNISOURCE CORP Indiana local 2014 $242,993 property tax abatement
OMNISOURCE CORP Indiana local 2015 $161,464 property tax abatement
OmniSource Corporation North Carolina state 2015 $162,071 tax credit/rebate
Steel Dynamics, Inc. Mississippi state 2015 $1,950,000 grant
Steel Dynamics Mississippi state 2015 $500,000 grant/loan hybrid program
OmniSource Corporation North Carolina state 2016 $65,377 tax credit/rebate
OMNISOURCE CORP Indiana local 2016 $83,391 property tax abatement
New Millenium Building Systems Nevada state 2016 $19,900 tax credit/rebate
New Millenium Building Systems Nevada state 2016 $148,700 tax credit/rebate
New Millenium Building Systems Nevada state 2016 $217,900 tax credit/rebate
NEW MILLENNIUM BUILDING SYSTEMS Arkansas state 2017 $266,482 training reimbursement
New Process Steel, LP Mississippi state 2017 undisclosed tax credit/rebate
OMNISOURCE CORP Indiana local 2017 $42,462 property tax abatement
NEW MILLENNIUM BUILDING SYSTEMS Arkansas state 2018 $1,019,423 training reimbursement
Steel Dynamics, Inc. Indiana state 2018 $50,000 tax credit/rebate
Steel Dynamics, Inc. Indiana state 2018 $300,000 tax credit/rebate
Steel Dynamics, Inc. Indiana state 2018 $190,000 training reimbursement
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