Steel Dynamics Inc.
Latest News
Steel Dynamics Reports 3rd Quarter Earnings
17 October 2007 - Steel Dynamics announces earnings of $101 million on revenues of $1.2 billion for the third quarter and net income of $297 million on revenues of $2.9 billion for the first nine months of 2007.
Steel Dynamics Announces Completion of Notes Offering
15 October 2007 - Steel Dynamics consummates an unsecured note offering, proceeds of which would be used to support the company's planned acquisition of OmniSource.
Steel Dynamics Announces Offering of Notes
05 October 2007 - Steel Dynamics plans to sell approximately $500 million in aggregate principal amount of debt securities in a transaction exempt from the registration requirements of the Securities Act of 1933.
Steel Dynamics to Acquire OmniSource
02 October 2007 - Steel Dynamics enters a definitive agreement to acquire OmniSource, one of North America’s largest scrap recycling companies, in a transaction valued at slightly more than $1 billion.
Steel Dynamics Moves Forward on Minnesota Iron-Making Venture
21 September 2007 - Steel Dynamics moves forward with the Mesabi Nugget iron-making project at Hoyt Lakes, with the State of Minnesota helping to support project financing.
Steel Dynamics Adds Term Loan A Facility
12 September 2007 - Steel Dynamics amends its existing $750-million senior secured credit facility to allow for the addition of a $550-million term loan A facility.
Steel Dynamics Updates Third Quarter Earnings Guidance
31 August 2007 - Steel Dynamics says third-quarter earnings could be in an updated range of $1.02 to $1.07 per diluted share, but says its near-term market assessment remains relatively unchanged from its most recent news release in July.
Steel Dynamics to Expand Structural Capacity with New Caster at Columbia City
01 August 2007 - Steel Dynamics’ Board of Directors has approved an additional investment of $75 million to install a second caster at its Structural and Rail Division at Columbia City, Ind., complementing the second medium section mill that is currently under construction.
Steel Dynamics Reports Second Quarter Results
24 July 2007 - Steel Dynamics reports earnings of $94 million on net sales of $911 million for the second quarter, and net income of $196 million on net sales of $1.8 billion for the first half of 2007.
Steel Dynamics Ships First Order of Welded Rail
17 July 2007 - Steel Dynamics makes its first shipments of welded rails from the recently completed rail welding operation at Columbia City, Ind.
Steel Dynamics Completes Acquisition of The Techs
05 July 2007 - Steel Dynamics completes its acquisition of The Techs for approximately $370 million, including certain purchase-price adjustments made at closing.
Steel Dynamics Increases Share Repurchase Program
02 July 2007 - Steel Dynamics’ Board of Directors approves a 5-million-share increase to its existing share repurchase program.
Steel Dynamics Announces Increased Revolving Credit Facility
20 June 2007 - Steel Dynamics has amended, restated and expanded its senior secured revolving credit facility from the prior $350-million level to a renewed 5-year $750-million facility.
Steel Dynamics to Acquire The Techs
14 June 2007 - Steel Dynamics enters into a definitive agreement to acquire Pennsylvania-based The Techs, paying $360 million for the company on a cash-free debt-free basis, subject to certain adjustments.
Steel Dynamics Affirms Healthy Earnings Outlook
30 May 2007 - Steel Dynamics says it expects to report second quarter earnings in the range of $0.95 to $1.00 per diluted share, based on strong market conditions for structural steels and steel bars tempered by weaker-than-projected volumes and pricing for flat rolled steel.
Steel Dynamics Comments on Industry Consolidation Activity
27 April 2007 - Steel Dynamics issues statement to clarify its position regarding recent consolidation activity in the U.S. metals industry.
Steel Dynamics Reports Strong 1st Quarter
17 April 2007 - Steel Dynamics, Inc. announced earnings of $102 million on net sales of $866 million for the first quarter ended March 31, 2007.
Steel Dynamics Realigns Business, Management Structure
17 April 2007 - Steel Dynamics is aligning operations management under two new business groups—Flat Rolled Steels and Ferrous Resources, and Steel Shapes and Building Products.
Steel Dynamics Announces Completion of Notes Offering
04 April 2007 -
Steel Dynamics to Buy Two Tennessee Scrap Yards
04 April 2007 -
