Steel Dynamics Inc.
Latest News
SDI Optimistic for 2013 as it Reports Results for Challenging 2012
29 January 2013 - Despite a challenging fourth quarter and full-year 2012, Steel Dynamics Inc. is optimistic regarding the next year as demand for high-quality steel has not abated and market sectors continue to build momentum.
Steel Dynamics Inc. Provides Fourth Quarter 2012 Earnings Guidance
18 December 2012 - Steel Dyanamics Inc. expects fourth quarter overall steel shipments to be fairly flat in comparison to the third quarter, as increases in sheet volume are expected to be somewhat offset by decreased bar shipments as customers continue to maintain tight control over inventory.
SDI Announces Management Appointments at Its OmniSource Subsidiary
29 November 2012 - Steel Dynamics, Inc. announced senior management appointments at its wholly-owned OmniSource Corporation subsidiary.
SDI Roanoke Bar Division Announces Price Increase
19 November 2012 - Steel Dynamics Inc. Roanoke Bar Division announced on 12 November 2012 that it was increasing the price of all its products by $35/ton or $1.75 cwt, effective with shipments beginning 1 December 2012.
Steel Dynamics Awards SBQ Plant Expansion Contract to SMS Meer
25 October 2012 - Steel Dynamics awarded the contract for a major expansion of its SBQ plant at its Pittsboro, Ind., works to SMS Meer. This upgrade is to integrate a new reheating furnace, a roughing mill and a new threeroll PSM® (Precision Sizing Mill) into the facility.
Steel Dynamics Reports Third Quarter 2012 Earnings
18 October 2012 - Steel Dynamics, Inc. announced a "commendable" third quarter performance relative to overall market demand, as the U.S. market in general remains tepid, uncertainty surrounding the strength of Europe, growth in China, and the near-term U.S. economic and political environment continues to weigh heavily on customers’ purchasing decisions, the company said.
Steel Dynamics Roanoke Bar Division Announces Another Price Decrease
15 October 2012 - Steel Dynamics Roanoke Bar Division announced last week it is lowering the prices of its products by $25-40 per ton.
SDI Roanoke Bar Division Announces Price Decrease
14 September 2012 - Steel Dynamics Roanoke Bar Division announced it is decreasing the prices of all its products effective with shipments 14 September 2012.
Steel Dynamics Provides Third Quarter Earnings Guidance
12 September 2012 - Steel Dynamics, Inc. provided third quarter earnings guidance in the range of $0.01 to $0.05 per diluted share, largely reflecting charges related to the company’s recent refinancing as well as a combination of global economic and political uncertainty continuing to impact customer confidence.
Steel Dynamics Appoints James Trethewey and Traci Dolan to Board of Directors
21 August 2012 - Steel Dynamics, Inc. announced that on 16 August 2012, its board of directors, upon the recommendation of its Corporate Governance and Nominating Committee, appointed James A. Trethewey and Traci Dolan to the company's board of directors.
Steel Dynamics Roanoke Bar Division Announces Prices Increase
17 August 2012 - Steel Dynamics Roanoke Bar Division is raising the price of reinforcing bar $30.00 per ton or $1.50/cwt effective with shipments 1 September 2012.
SDI Roanoke Issues Final Acceptance Certificate for Simetal EAF Heatopt System Installed by Siemens
24 July 2012 - Siemens received the final acceptance certificate from SDI Roanoke for its holistic process model with Lomas offgas monitoring which is reducing conversion costs in its electric steel plant.
SDI Reports Slightly Lower Second Quarter Sales and Income
24 July 2012 - Steel Dynamics, Inc. announced second quarter net income of $44 million on net sales of $1.9 billion. In the first half of 2012 net income was $90 million on net sales of $3.9 billion.
SDI Roanoke Issues Final Acceptance Certificate for Simetal EAF Heatopt System Installed by Siemens
24 July 2012 - Siemens received the final acceptance certificate from SDI Roanoke for its holistic process model with Lomas offgas monitoring which is reducing conversion costs in its electric steel plant.
SDI Plans to Add Hot Band Leveling Line at Butler Plant
27 June 2012 - Steel Dynamics Inc. (SDI) is planning to expand its product line in Butler, Ind., with the addition of a hot band leveling line.
SDI Selects Tenova Core New Walking Beam Furnace
27 June 2012 - Tenova Core has been contracted by Steel Dynamics, Inc., for the design and supply of a 100 ton/hour walking beam reheating furnace at its Pittsboro, Ind., facility.
Steel Dynamics Inc. Provides Second Quarter 2012 Earnings Guidance
18 June 2012 - Steel Dynamics Inc. provided second quarter earnings guidance somewhat lower than first quarter earnings primarily due to decreased sheet steel pricing attributable to supply-side pressures from increased imports and increased domestic steel capacity.
2011–2013 FeMET, StEEL and Premier Scholarships Awarded
12 June 2012 - The American Iron and Steel Institute (AISI) and the Association for Iron & Steel Technology Foundation's "Ferrous Metallurgy Education Today," or FeMET Initiative, and "Steel Engineering Education Link," or StEEL Scholarship program, both aimed at attracting top talent to the North American steel industry, have awarded scholarships of US$5,000 to third-year students from leading North American colleges for the 2011–2013 academic years.
Steel Dynamics Reports First Quarter 2012 Results
20 April 2012 - Steel Dynamics, Inc. announced first quarter net income of $46 million, or $0.20 per diluted share, on net sales of $2.0 billion. By comparison, prior-year first quarter net income was $106 million, or $0.46 per diluted share, and sequential fourth quarter 2011 net income was $30 million, or $0.14 per diluted share.
Steel Dynamics Provides First Quarter Earnings Guidance
19 March 2012 - Steel Dynamics provided first quarter 2012 guidance, indicating that earnings are expected to be in the range of $0.15 to $0.20 per diluted share. Estimated earnings reflect expenses, net of interest cost savings, associated with the company's financing activities which occurred in January.
