Steel Dynamics Inc.
Latest News
SDI Grows Mexican Scrap Capacity Through Acquisition
04 October 2022 - Steel Dynamics Inc. has finalized its acquisition of Mexican metals recycler ROCA ACERO S.A. de C.V., completing a deal that adds 850,000 gross tons of processing capacity to its raw materials assets.
SDI Q3 Earnings Expected to Soften but Sees Underlying Demand Persist
15 September 2022 - Steel Dynamics Inc. expects its third-quarter earnings to drop roughly 23% from the prior three months due in part to lower average flat-rolled prices.
SDI Sinton Shifts Into Production Mode
25 July 2022 - Even as it begins executing on a US$1.9 billion plan to build an aluminum sheet mill in the southeast U.S., Steel Dynamics Inc. is ratcheting up operations at its Sinton, Texas, flat-rolled steel mill.
Steel Dynamics Reports Record Second Quarter
21 July 2022 - The steelmaker on Wednesday announced a record-breaking second quarter in terms of steel shipments, net sales and operating income.
SDI Announces US$2.2B Investment — In Aluminum
19 July 2022 - Steel Dynamics Inc. (SDI) on Tuesday said it will enter the flat-rolled aluminum market, announcing a US$2.2 billion plan to build a rolling mill and two separate recycled aluminum slab casting plants.
SDI Joint Venture Will Produce Carbon Alternative for Its EAFs
29 June 2022 - Steel Dynamics Inc. (SDI) and a company that produces a coal and coke substitute are partnering on construction of a plant to supply SDI’s electric arc furnaces, the steelmaker has announced.
Steel Dynamics Expects a Record Q2
16 June 2022 - Steel Dynamics Inc. said it expects to report another record quarter later this summer, driven in part by strong steel demand and profitability at its steel mills.
SDI to Acquire Mexican Scrap Recycler
16 May 2022 - Steel Dynamics Inc. today announced it has entered into an agreement to acquire the equity interest of scrap metals recycling business ROCA ACERO S.A. de C.V. ("ROCA"), based in Monterrey, Mexico.
Record First Quarter for Steel Dynamics
21 April 2022 - The steelmaker announced its first-quarter 2022 results yesterday of US$5.71 per diluted share, up from US$2.03 per diluted share in the first quarter of 2021.
Nucor, SDI Share Q1 2022 Earnings Guidance
17 March 2022 - Both companies reported strong quarters throughout 2021 and in Q1 of 2022, they are expecting a quarter similar to their last quarters in 2021.
SDI, Rio Tinto, Nippon Steel Trading Back Renewable Biocarbon Producer
02 March 2022 - Aymium announced yesterday that it has secured Series B funding to support capacity expansion and increased deployment of its environmental technologies, with Steel Dynamics Inc., Rio Tinto and Nippon Steel Trading on board.
SDI Cuts Ribbon on Sinton Facility
14 February 2022 - In a ceremony last week, company executives, local officials and Texas Governor Greg Abbott cut the ribbon on Steel Dynamics’ 1.2-million-square-foot facility in Sinton, Texas, USA.
SDI Among Fortune’s Most Admired Companies
03 February 2022 - Fortune Magazine has ranked the Indiana-based steel producer among the top in the industry in its annual Most Admired Companies list.
Steel Dynamics Purchases Minority Interest in New Process Steel
01 February 2022 - Steel Dynamics Inc. (SDI) has acquired a 45% minority stake in metals processor and distributor New Process Steel, the steelmaker reported yesterday.
SDI Chalks Up Record Quarterly and Annual Earnings
25 January 2022 - The steelmaker announced record quarterly and annual earnings in its steel, steel fabrication and metals recycling segments in a press release yesterday.
Another Record Quarter Expected for SDI
17 December 2021 - Steel Dynamics Inc. (SDI) provided earnings guidance yesterday for the fourth quarter of 2021 ranging from US$5.46 to US$5.50 per diluted share.
SDI Reports Record Third Quarter
20 October 2021 - In an investors call earlier this week, Steel Dynamics Inc. (SDI) chairman and chief executive Mark Millett said the company saw third-quarter net sales of a record US$5.1 billion and net earnings of US$991 million.
SDI to Acquire Minority Interest in New Process Steel
18 October 2021 - Steel Dynamics Inc. (SDI) announced in a press release that it has entered into an agreement to acquire a 45% minority interest in Houston, Texas, USA-based metals solutions provider New Process Steel L.P.
Steel Dynamics Secures Tax Break for Heartland Expansion
15 September 2021 - Local officials in Indiana have approved an economic incentive for a potential Steel Dynamics Inc. (SDI) expansion in the state, the Tribune-Star newspaper reports.
SDI Sees Another Profitable Quarter on the Horizon
15 September 2021 - Steel Dynamics Inc. (SDI) is forecasting a record third quarter, driven again by strong demand and elevated prices.
