Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Change in Net Carrying Amount of Goodwill by Segment

The change in the net carrying amount of goodwill for the nine months ended September 30, 2023 by segment was as follows (in thousands):

	Steel Mills		Steel Products			Raw Materials		Total
Balance at December 31, 2022	$	675,186	$	2,510,045		$	734,829	$	3,920,060
Acquisitions		-		(2,120	)		-		(2,120	)
Translation		-		4,327			-		4,327
Balance at September 30, 2023	$	675,186	$	2,512,252		$	734,829	$	3,922,267

Schedule of Intangible Assets

Intangible assets with estimated useful lives of five to 25 years are amortized on a straight-line or accelerated basis and consisted of the following as of September 30, 2023 and December 31, 2022 (in thousands):

	September 30, 2023				December 31, 2022
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Customer relationships	$	4,175,065	$	1,243,668	$	4,174,724	$	1,087,834
Trademarks and trade names		364,173		159,369		364,106		142,363
Other		109,747		98,975		109,746		96,114
	$	4,648,985	$	1,502,012	$	4,648,576	$	1,326,311