Steel News

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.

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.