Steel Dynamics Inc.
Latest News
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.
Roanoke Electric Steel Reports Record Year-End Results
10 December 2004 - Roanoke Electric Steel Corp. reported record net earnings of $15,932,971 on record sales of $143,728,167 for the fourth quarter, and net earnings of $30, 446,248 on sales of $479,377,188 for the fiscal year ended October 31, 2004.
Steel Dynamics Names Chief Financial Officer
08 December 2004 - Steel Dynamics, Inc. announced the appointment of Gary Heasley to the position of Chief Financial Officer, effective January 1, 2005.
Steel Dynamics Breaks Ground on New Joist & Deck Plant
27 October 2004 - Steel Dynamics, Inc.’s New Millennium Building Systems, LLC, subsidiary conducted a ground-breaking ceremony for its new $30-million steel fabrication facility in Lake City, Fla., on October 22.
Steel Dynamics Adopts New Stock Repurchase Program
27 October 2004 - Steel Dynamics, Inc.’s Board of Directors has authorized the company to buy back up to 5,000,000 shares of its common stock, or approximately 10% of the current shares outstanding.
Steel Dynamics Reports Record 3rd Quarter Sales and Earnings
19 October 2004 - Steel Dynamics, Inc. announced record third quarter earnings of $114 million on record net sales of $635 million, and net income $213 million on net sales of $1545 million for the third quarter and nine months ended Sep. 30, 2004, respectively.
Danieli Restarts Upgraded Pittsboro Bar Mill
13 September 2004 - Danieli Morgårdshammar recently started the hot run of the Steel Dynamics Inc. bar mill in Pittsboro, Ind., following an upgrade of the finishing mill area and finishing facilities.
Mesabi Nugget Successfully Concludes Pilot Plant Phase
10 September 2004 - Larry Lehtinen, President of Mesabi Nugget, LLC (MNC) announced the successful conclusion of the pilot plant testing phase of the Mesabi Nugget Project. The announcement culminates twelve months of engineering and construction followed by fourteen months of plant operations. The company will now proceed forward with commercialization of the Kobe Steel ITmk3 Process® and the iron nugget technology.
Heidtman Celebrates 50 Years in the Steel Industry
09 September 2004 - Heidtman Steel recently celebrated 50 years in the steel industry. Started up in 1954 by F. William “Fred” Heidtman, the company has grown to become a leading supplier of flat-rolled carbon steel products from 11 processing facilities.
Steel Dynamics Appoints Vice President for Bar Products Division
25 August 2004 - Steel Dynamics, Inc. has appointed Glenn Pushis to the position of Vice President and General Manager of the Bar Products Division. Pushis has served as General Manager of that division since it was formed in January of 2003.
AISI Chairman Details Challenges to Domestic Industry
20 August 2004 - “We are witnessing major structural changes in the steel industry, which can be described accurately as both ‘revolutionary’ and predictable,” American Iron and Steel Institute (AISI) Chairman David S. Sutherland, President and CEO of Ipsco, Inc., testified Thursday, August 19, at a Steel Caucus field hearing in Pittsburgh.
Judge Dismisses GM Lawsuit against Steel Dynamics
06 August 2004 - Steel Dynamics, Inc. announced that on August 4, 2004, a Michigan circuit court judge dismissed General Motors Corp.'s lawsuit against SDI over an alleged multi-year steel purchase agreement.
Steel Dynamics Selects Location for New Joist & Deck Plant
24 July 2004 - Steel Dynamics, Inc. announced that New Millennium Building Systems, LLC, a wholly owned subsidiary, has selected Lake City, Fla., as the site for construction of a new steel fabrication facility.
Steel Dynamics Announces Record Quarterly Earnings
21 July 2004 - Steel Dynamics, Inc. announced record second quarter earnings of $67.3 million on net sales of $526 million for the second quarter of 2004.
Steel Dynamics Announces Initiation of Cash Dividend
15 July 2004 - Steel Dynamics, Inc.’s Board of Directors has declared the company's first quarterly cash dividend.
Steel Industry Groups Sign Safety Alliance with OSHA
08 July 2004 - The U.S. Occupational Safety and Health Administration (OSHA) and the three major trade associations representing virtually all of the basic and specialty steel producers in America have joined forces in an effort to enhance worker safety and health in the nation's steel mills.
Steel Dynamics Announces Completion of Refinancing
02 July 2004 - Steel Dynamics, Inc. has completed its previously announced refinancing and has entered into a new 4-year $230 million senior secured revolving credit facility.
Steel Dynamics Announces New Raw Materials Position
30 June 2004 - Steel Dynamics, Inc. has appointed Richard J. Brady as Manager of Ferrous Resources and Logistics.
