SherpaBonds
US858119BS89 · Corp · USDInvestment Grade · BBB

Steel Dynamics Inc 5.25% 2035/05

Steel Dynamics IncUnited StatesGLOBALSenior Unsecured
SHARE
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MID PRICE
103.12
par = 100
YIELD TO MAT.
5.16%
semi-annual
COUPON
5.250%
semi-annual · fixed
MATURITY
2035-05-15
bullet · 9.01y
OUTSTANDING
—
not disclosed
AS OF
2026-05-07

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About this bond

AI BRIEF · GROUNDED IN STRUCTURED DATA
About the issuer

Steel Dynamics, Inc. (SDI) is an American steel producer based in Fort Wayne, Indiana. With a production capacity of 13 million tons of steel, the company is the third largest producer of carbon steel products in the United States. It is among the most profitable American steel companies in terms of profit margins and operating margin per ton. Based on its 2021 revenue, the company ranked 196th on the 2022 edition of the Fortune 500.

Source: Wikipedia →

Risk analytics

SEMI-ANNUAL · BULLET · PAR 100
Modified duration
6.94 y
1bp ↑ ≈ -0.069% P&L
Convexity
59.67
higher = more curvature
Years to maturity
9.01 y
YTM source
Ingested
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
Vanguard Intermediate-Term Corporate Bond
Vanguard
US Corporate Intermediate$37.6M—0.06%2026-03-31
Vanguard Total Bond Market
Vanguard
US Aggregate$19.0M—0.00%2026-03-31
Vanguard Intermediate-Term Bond
Vanguard
US Aggregate Intermediate$14.9M—0.03%2026-03-31
iShares 5-10 Year Investment Grade Corporate Bond
iShares
US IG Corporate$5.3M▼ $17K0.03%2026-05-07
iShares Investment Grade Systematic Bond
iShares
US IG Corporate$4.1M▼ $13K0.30%2026-05-07
iShares Core U.S. Aggregate Bond
iShares
US Aggregate$3.6M▼ $15K0.00%2026-05-07
iShares iBoxx $ Investment Grade Corporate Bond
iShares
US IG Corporate$3.2M▼ $12K0.01%2026-05-07
iShares Broad USD Investment Grade Corporate Bond
iShares
US Broad IG Corporate$1.9M▼ $6K0.01%2026-05-07
SPDR Portfolio Intermediate Term Corporate Bond
SPDR
US IG Corporate Intermediate$910K▲ $2K0.01%2026-05-05
iShares Core Universal USD Bond
iShares
US Aggregate$712K▼ $3K0.00%2026-05-07
iShares iBonds Dec 2035 Term Corporate
iShares
iBonds 2035 Corporate$691K▼ $3K0.20%2026-05-07
SPDR Portfolio Aggregate Bond
SPDR
US Aggregate$256K▲ $6990.00%2026-05-05
SPDR Portfolio Corporate Bond
SPDR
US IG Corporate$211K▲ $5750.01%2026-05-05
iShares ESG Aware USD Corporate Bond
iShares
US ESG IG Corporate$150K▼ $6320.01%2026-05-07
iShares Intermediate Government/Credit Bond
iShares
US Govt/Credit$150K▼ $6320.00%2026-05-07
iShares ESG Aware U.S. Aggregate Bond
iShares
US ESG Aggregate$88K▼ $3710.00%2026-05-07
iShares Interest Rate Hedged Corporate Bond
iShares
US IR Hedged IG Corporate$51K▼ $5940.01%2026-05-07
iShares BBB Rated Corporate Bond
iShares
US IG Corporate$36K▲ $5K0.06%2026-05-07
iShares Core 5-10 Year USD Bond
iShares
US Aggregate$36K▼ $1530.01%2026-05-07
iShares ESG Advanced Universal USD Bond
iShares
US Aggregate$10K▼ $440.00%2026-05-07
iShares Inflation Hedged Corporate Bond
iShares
US IG Corporate$7K▼ $820.01%2026-05-07
iShares Interest Rate Hedged U.S. Aggregate Bond
iShares
US Aggregate$130—0.00%2026-05-07
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Price history

Sherpa Signal

AS OF 2026-05-07

Institutional footprint · signal-level holdings

66/ 100Broad ownership
Interpretation. Moderate institutional footprint, with net accumulation
HOLDERS
22
▲ 6 signals in 7d
AGGREGATE EXPOSURE
$92.9M
USD across all
TOP CONCENTRATION
40.5%
largest holder
FLOW
▲ $9.0M
▲ 6 signals in 7d

Sherpa Signal is derived from a panel of tracked institutional portfolios. Names of individual holders are not disclosed.

100K PAR NOTIONAL · MARKET VALUE
103,124 USD
PRICE
103.12

RFQ routing · coming soon

Security details

VIA OPENFIGI
Canonical
STLD 5 1/4 05/15/35
FIGI
BBG01SRNXMQ4
CUSIP
858119BS8
ISIN
US858119BS89
Type
Corp
Issued
2025-03-12
Face value
100 USD
Ticker
STLD 5.25 05/15/35
Sec. type
GLOBAL
Seniority
Senior Unsecured

Issuer curve

STLD · 8 PTS

Yield (%) plotted against years-to-maturity. This bond highlighted in amber.

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HEURISTIC

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