Steel Dynamics Inc.
Latest News
Steel Dynamics to Expand Production of SBQ Steels
17 February 2012 - Steel Dynamics will expand the company’s Engineered Bar Products Division in Pittsboro, Ind., with the addition of a second rolling line that will permit concurrent production of small-diameter precision and larger-diameter bars.
Steel Dynamics Reports 4th Quarter, 2011 Results
26 January 2012 - Steel Dynamics, Inc. announced net income of $30 million on net sales of $1.9 billion for the fourth quarter, and net income of $278 million on net sales of $8.0 billion for the full year 2011.
Steel Dynamics Announces New Term Loan Facility
12 January 2012 - Steel Dynamics, Inc. has expanded its senior secured credit facility by adding a $275.0 million term loan facility to its existing five-year $1.1 billion revolving credit facility.
Steel Dynamics Launches Partial Tender Offer for 7 3/8% Senior Notes
28 December 2011 - Steel Dynamics, Inc. has commenced a cash tender offer for up to $350 million of the $700 million outstanding aggregate principal amount of its existing 7 3/8% Senior Notes due 2012.
Steel Dynamics Provides Fourth Quarter Earnings Guidance
19 December 2011 - Steel Dynamics expects to report fourth quarter earnings in the range of $0.08 to $0.12 per diluted share, a drop from earnings of $0.19 per diluted share in the previous quarter.
Steel Dynamics Reports Third Quarter 2011 Results
18 October 2011 - Steel Dynamics, Inc. announced net income of $43 million on net sales of $2.0 billion for the third quarter, and net income of $248 million on net sales of $6.14 billion for the nine months ended September 30, 2011.
Steel Dynamics Names Millett as President and CEO, Effective 2012
17 October 2011 - The Steel Dynamics, Inc. Board of Directors has appointed Mark D. Millett to the position of President and Chief Executive Officer of the company, effective January 1, 2012. At that time, Keith Busse will become Chairman of the company's board of directors.
Steel Dynamics Renews, Increases Revolving Credit Facility
30 September 2011 - Steel Dynamics has amended, restated and expanded its senior secured revolving credit facility from the prior $924 million level to a renewed five-year $1.1 billion facility.
Steel Dynamics Provides Third Quarter Earnings Guidance
13 September 2011 - Steel Dynamics is expecting to report third quarter earnings in the range of $0.18 to $0.22 per diluted share, a decrease from the previous quarter due primarily to a substantial drop in anticipated third quarter flat rolled earnings.
Steel Dynamics Reports 2nd Quarter 2011 Results
19 July 2011 - Steel Dynamics reports net income of $99 million on net sales of $2.1 billion for the second quarter.
Steel Dynamics Names Rinn Executive VP of Metals Recycling
15 July 2011 - Steel Dynamics announces the appointment of Russell B. Rinn as Executive Vice President of Metals Recycling and President and Chief Operating Officer of OmniSource Corp.
Steel Dynamics, ThyssenKrupp Steel USA Receive Industry Awards
07 July 2011 - Steel Dynamics, Inc. was recently honored as "Steel Producer of the Year" as part of American Metal Market's second annual Awards for Steel Excellence, while ThyssenKrupp Steel USA was named as the winner for “Best Greenfield Technology”.
Steel Dynamics Provides Second Quarter Earnings Guidance
17 June 2011 - Steel Dynamics, Inc. expects second quarter earnings to be in the range of $0.35 to $0.40 per diluted share, lower than the first quarter 2011 reported results of $0.46, but higher than earnings of $0.22 per diluted share achieved in Q2 2010.
Siemens to Implement Lomas System at SDI Roanoke
12 May 2011 - Steel Dynamics has placed an order with Siemens Industry, Inc. to provide an EAF off-gas monitoring system at the Roanoke Bar Division’s mini mill in Roanoke, Va.
Kobe Steel Reports Project Status of Mesabi Nugget ITmk3 Plant
29 April 2011 - During recent operations, Mesabi Nugget, the world's first commercial plant using the ITmk3® Process, has reached 80% nugget productivity and plant availability has improved to 85%.
Steel Dynamics Reports Significantly Stronger First Quarter 2011 Results
19 April 2011 - Steel Dynamics reported first quarter net income of $106 million on net sales of $2.0 billion.
Steel Dynamics, LaFarga Create Copper Wire Rod Venture
18 April 2011 - Steel Dynamics, Inc. and LaFarga Group are creating a new partnership that will utilize recycled copper scrap to produce higher-margin copper wire rod.
Steel Dynamics Names Millett President and COO
15 April 2011 - Steel Dynamics, Inc.’s board of directors has approved the appointment of Mark D. Millett to the new position of President and Chief Operating Officer, effective immediately. Richard P. Teets Jr. will continue as Executive Vice President and President and COO of Steelmaking.
Steel Dynamics Provides First Quarter Earnings Guidance
11 March 2011 - Steel Dynamics says it is expecting to report first quarter earnings per diluted share in the range of $0.37 to $0.42, significantly higher than fourth quarter 2010 earnings per diluted share of $0.04.
Steel Dynamics Reports 4th Quarter, Full Year Results
25 January 2011 - Steel Dynamics, Inc. announced net income of $8 million on net sales of $1.5 billion for the fourth quarter and net income of $141 million on net sales of $6.3 billion for the full year 2010.
