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Steel Dynamics Inc.
Latest News
Steel Dynamics Announces Vice President of Ferrous Resources
28 December 2005 - Steel Dynamics, Inc. has promoted Richard J. Brady, 39, to the position of Vice President of Ferrous Resources, effective January 1, 2006.
Steel Dynamics Upgrades Fourth Quarter Outlook
19 December 2005 - Steel Dynamics, Inc. announced it anticipates stronger fourth quarter results than previously expected, with fourth quarter 2005 earnings per diluted share expected to be in the range of $1.20 to $1.25.
Steel Dynamics to Expand Bar Processing at Pittsboro
01 December 2005 - Steel Dynamics, Inc. announced plans to expand operations at its Bar Products mill in Pittsboro, Ind., with additional downstream finishing operations for its special-bar-quality (SBQ) steel bar production.
CCR Technologies to Upgrade SDI Columbia City Caster
01 November 2005 - Steel Dynamics has awarded CCR Technologies Inc. a contract to supply a Beam Blank Weighing and Cut-to-Weight system for its existing 3-strand caster at the Columbia City facility.
Don Daily Elected 2006-2007 Chairman of SMA
24 October 2005 - The Steel Manufacturers Association (SMA) Board of Directors announced the election of Don Daily as Chairman of the SMA for 2006 and 2007. He will succeed Keith Busse, who concludes his two-year term in February 2006.
Steel Dynamics Reports Third Quarter Income
20 October 2005 - Steel Dynamics, Inc. announced earnings of $45 million on net sales of $499 million for the third quarter of 2005.
Steel Dynamics to Acquire Roanoke Electric Steel
19 October 2005 - Steel Dynamics, Inc. and Roanoke Electric Steel Corp. have announced their agreement to a merger in which SDI will acquire Roanoke.
Steel Dynamics and Employees Contribute to Hurricane Relief
12 October 2005 - Steel Dynamics, Inc. and its employees are donating more than $100,000 to benefit the people displaced by Hurricane Katrina. This contribution is being made to the Red Cross Hurricane Katrina Fund.
Steel Dynamics Replaces Credit Facility
08 September 2005 - Steel Dynamics, Inc. has replaced its existing $230 million senior secured revolving credit facility with a new 5-year $350 million senior secured revolving credit facility.
Hydrogen Gas Supply Issues to Impact SDI Process Lines
06 September 2005 - Steel Dynamics, Inc. has notified its customers for cold rolled, galvanized and painted sheet products that, until it can make alternative hydrogen gas supply arrangements, it is suspending order entry for these hydrogen gas-dependent, value-added products.
SMS Demag to Modernize Steel Dynamics CSP Plant
26 July 2005 - Steel Dynamics, Inc. (SDI) has placed an order with SMS Demag, Germany, to modernize the casting strands of the CSP® plant (Compact Strip Production), which were commissioned in 1995 (first strand) and 1996 (second strand).
Steel Dynamics Reports 2nd Quarter Net Income
19 July 2005 - Steel Dynamics, Inc. announced second quarter 2005 earnings of $51 million on net sales of $546 million.
Steel Dynamics Amends 2nd Quarter Outlook
02 June 2005 - Steel Dynamics, Inc. revised its outlook for the second quarter.
Steel Dynamics Announces Accounting Vice President
19 May 2005 - Steel Dynamics, Inc. has promoted Theresa Wagler to the position of Vice President and Corporate Controller. In her new position, Wagler, 34, will continue to report to the company's Chief Financial Officer.
Keith Busse Named Steelmaker of the Year at AISTech 2005
19 May 2005 - Keith E. Busse, President and CEO of Steel Dynamics Inc. was named “Steelmaker of the Year” at AISTech 2005 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology. The Steelmaker of the Year Award is presented annually by the AIST to recognize notable leaders and their contributions to the steel industry.
Industry Representatives Speak Out in China Currency Case
19 April 2005 - On behalf of the American Iron and Steel Institute (AISI) and the Steel Manufacturers Association (SMA), John Nolan, Vice President of Marketing and Sales for Steel Dynamics, Inc. (SDI), submitted written testimony last week to the House Ways and Means Committee related to the hearing on “United States-China Economic Relations and China’s Role in the World Economy.”
Steel Dynamics Appoints Two New Directors
18 March 2005 - Steel Dynamics, Inc.’s Board of Directors has increased the authorized number of directors from ten to eleven. The board announced that current SDI director James E. Kelley, 86, has resigned due to ill health.
Steel Dynamics Revises Earnings Outlook
17 March 2005 - Steel Dynamics, Inc. has adjusted its outlook for the first half of 2005. The new guidance forecasts lower than previously expected first quarter results, but a stronger and substantially improved second quarter.
Steel Dynamics Reports Record Results for 2004
03 February 2005 - Steel Dynamics, Inc. announced net income of $82 million on net sales of $600 million for the fourth quarter, and net income of $295 million on net sales of $2.1 billion for the year 2004.
Steel Dynamics Sets Fourth Quarter Cash Dividend
31 December 2004 - Steel Dynamics, Inc. announced its previously approved fourth quarter dividend of $0.10 per common share will be payable on January 17, 2005, to shareholders of record at the close of business on December 31, 2004.
