Steel Dynamics Inc.

Latest News

Steel Dynamics Reports 3rd Quarter 2010 Results

19 October 2010 - Steel Dynamics reports net income of $19 million on net sales of $1.6 billion for the third quarter, and net income of $133 million on net sales of $4.8 billion for the first nine months of 2010.

Standard Rail from Steel Dynamics Approved by U.S. Railroads

05 October 2010 - Standard Strength rail produced at Steel Dynamics, Inc.’s Columbia City, Ind., mill has been tested and approved by four U.S.-based Class I railroads and by Amtrak, the National Railroad Passenger Corp. SDI's Structural & Rail Division has begun rail shipments to Class I railroads.

Steel Dynamics to Buy Joist-Making Assets from Commercial Metals

29 September 2010 - Steel Dynamics, Inc. has agreed to acquire from affiliates of Commercial Metals Co. certain facilities and assets of CMC's former steel-joist manufacturing operations. These assets will become a part of SDI's wholly owned subsidiary, New Millennium Building Systems.

Steel Dynamics Announces Q3 Cash Dividend and Earnings Guidance

15 September 2010 - Steel Dynamics expects third-quarter earnings per diluted share to be in the range of $0.05 to $0.10, compared to second-quarter 2010 earnings of $0.22 per diluted share.

Steel Dynamics Reports 2nd Quarter 2010 Results

21 July 2010 - Steel Dynamics, Inc. announced net income of $49 million on net sales of $1.6 billion for the second quarter of 2010.

Steel Dynamics Announces Second Quarter Earnings Guidance

17 June 2010 - Steel Dynamics, Inc. announced that it expects to report earnings of $0.20 to $0.25 per diluted share for the second quarter. Anticipated results reflect lower flat-rolled volumes and margins vs. the previous quarter, as well as the impact of both planned and unplanned outages.

Steel Dynamics to Collaborate with Modumetal on Coating Technology

13 May 2010 - Steel Dynamics signs agreement with Seattle-based Modumetal for the application and continued development of Modumetal’s ModuGalv™ coating technology for both long and sheet steel applications.

Steel Dynamics Reports Stronger Q1 Earnings

20 April 2010 - Steel Dynamics reports net income of $65 million on net sales of $1.6 billion for the first quarter of 2010.

Steel Dynamics Sells $350 Million in Notes

18 March 2010 - Steel Dynamics completes the sale of $350 million aggregate principal amount of its 7 5/8% Senior Notes due 2020.

Steel Dynamics to Offer $300 Million in Notes

12 March 2010 - Steel Dynamics announces plans to sell approximately $300 million in aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933.

Steel Dynamics Declares Cash Dividend, Issues Q1 Guidance

10 March 2010 - Steel Dynamics’ board has declared a quarterly cash dividend of $0.075 per common share, payable on or about April 12, 2010, to shareholders of record at the close of business on March 31, 2010. The company also issued first quarter 2010 earnings guidance of $0.22 to $0.27 per diluted share.

Steel Dynamics to Begin Shipping Standard Rail to Major Railroads

23 February 2010 - Steel Dynamics, Inc. has begun commercial production of Standard Strength rails that meet all current AREMA specifications at its Structural & Rail Division at Columbia City, Ind. Shipments are expected to begin in the second quarter.

Steel Dynamics Reports 4th Quarter, 2009 Results

04 February 2010 - Steel Dynamics reported net income of $26.7 million on net sales of $1.2 billion for the fourth quarter and a net loss of $8.2 million on net sales of $4.0 billion for the fiscal year ended December 31, 2009.

Steel Dynamics Reports 4th Quarter, 2009 Results

Kobe Steel Begins Production using ITmk3 Process

18 January 2010 - The world's first commercial plant using Kobe Steel’s ITmk3 process successfully began production of iron nuggets in the United States on January 12. Production is expected to reach the facility's annual design capacity of 500,000 tonnes in mid-2010.