Steel Dynamics Inc.
Latest News
Steel Dynamics to Supply Welded Rail for Vermonter Project
27 December 2010 - Steel Dynamics’ Structural and Rail Division will supply 28,500 net tons of continuous welded rail to L.B. Foster Co., for use in the "Vermonter" project in New England.
Steel Dynamics Declares Quarterly Cash Dividend, Provides Q4 Guidance
17 December 2010 - Steel Dynamics' board of directors has declared a quarterly cash dividend of $0.075 per common share, payable on or about January 14, 2011. The company also expects fourth quarter earnings per diluted share, before certain asset impairment charges related to its fabrication operations, to be in the range of $0.05 to $0.10.
OmniSource Responds to Criminal Charges
26 October 2010 - Steel Dynamics, Inc. announced that its wholly-owned subsidiary, OmniSource Corp., was indicted on multiple criminal charges involving the alleged receipt or attempted receipt of stolen property. The allegations come after a lawsuit filed on October 15 against the Prosecutor seeking the return of $277,000 in cash unlawfully retained after the raid.
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
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.
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.
Steel Dynamics Starts Production of Mesabi Nuggets
14 January 2010 - Steel Dynamics produces its first batch of iron nuggets at its Mesabi Nugget facility at Hoyt Lakes, Minn., marking the world's first commercial production of nuggets using the ITmk3 process developed by Kobe Steel Ltd.
Steel Dynamics Updates 4th Quarter Guidance
11 December 2009 - Steel Dynamics updates its fourth quarter 2009 earnings guidance to the range of $0.10 to $0.20 per diluted share.
