Steel Dynamics Inc.
Latest News
SDI Ready to Roll on Texas Mill
24 January 2020 - Steel Dynamics Inc. has received the necessary environmental permits for its planned Texas flat roll mill and is ready to begin full construction, chief executive officer Mark Millett said Thursday.
Record Mill Shipments, Strong Sales Contributed to Profitable Year at SDI
23 January 2020 - Despite falling steel prices that marked much of 2019, Steel Dynamics Inc. (SDI) recorded one of its best years ever, posting record shipments and near-record net sales, the company reported Thursday.
Steel Demand Intact, But SDI Expects Lower Q4 Profits
17 December 2019 - Planned outages, lower prices and seasonally lower shipments are likely to offset Steel Dynamics Inc.’s fourth-quarter profits, the company has said.
Spooled Coil Production Begins at SDI Plant
02 December 2019 - A new billet welder and bar spooling line have entered service at Steel Dynamics Inc.’s Columbia City, Ind., USA, mill and are producing spooled coils of up to 5 tons in endless mode.
Fives Wins Equipment Order From Steel Dynamics
28 October 2019 - Steel Dynamics Inc. (SDI) has contracted Fives for a new high-efficiency skinpass mill to be installed at its GalvTech facility in Pittsburgh, Pa., USA.
Nucor, SDI Say Lower Steel Prices Likely to Weigh on Q3 Profits
18 September 2019 - Steel Dynamics Inc. and Nucor Corp. are forecasting lower third-quarter profits on account of declining steel prices.
SMS group Lands Contract for US$1.9 Billion Sheet Mill
24 July 2019 - Steel Dynamics Inc. (SDI) has selected SMS group to build its planned US$1.9 billion flat-rolled mill in Texas, the equipment supplier revealed on Wednesday.
Steel Dynamics Sites Planned Mill in Texas
22 July 2019 - Steel Dynamics Inc. will build its US$1.9 billion flat-roll mill in Sinton, Texas, about 30 miles northwest of the port of Corpus Christi, the company announced Monday.
SDI Wins Tax Break for Mill Site
27 June 2019 - A Texas school board has greenlighted a tax incentive plan for Steel Dynamics Inc., seemingly clearing the way for a final decision on the steelmaker’s planned US$1.8 billion flat-rolled mill.
Millett: Recent Mill Investments Will Help Keep Industry Competitive
18 June 2019 - Steel Dynamics Inc. chief executive Mark Millett swatted down criticisms of the U.S. steel industry’s recent spate of capital investments, saying that revitalizing assets and implementing new technologies is critical to surviving in a global marketplace.
SDI Draws Near to Site Decision on New Sheet Mill
13 June 2019 - The Texas Comptroller’s office has ruled that Steel Dynamic Inc.’s proposed southwest flat-rolled mill qualifies for local tax breaks, a decision that potentially opens the door to an agreement on economic incentives for the mill – and possibly a final decision on its location.
SMS group Moves Toward Completion of SDI Columbus Upgrades
13 May 2019 - SMS group said it expects to begin commissioning several upgrades it is making to a Steel Dynamics Inc. (SDI) sheet mill this summer.
Steel Dynamics Finalizes Buy-In of Galvalume Distributor
07 March 2019 - Steel Dynamics Inc. has finalized its acquisition of a majority stake in a Texas-based distributor of Galvalume.
Hoping to Lure SDI Mill, Texas County Creates Investment Incentive Zone
18 February 2019 - Of the sites Steel Dynamics Inc. is looking at for its new flat-rolled mill, one is in eastern Texas, not far from Corpus Christi, the Corpus Christi Caller Times reveals.
SDI Expands Downstream Operations Through US$134M Deal
04 February 2019 - Steel Dynamics Inc. (SDI) is acquiring a majority stake in coated sheet distributor United Steel Supply for US$134 million in cash and debt, the company has announced.
SDI Changes Up Senior Leadership Team
15 January 2019 - Steel Dynamics Inc. (SDI) is shifting its senior leadership, creating two new positions that will help support its planned US$1.7 billion sheet mill in the southwestern U.S. and moving two other executives.
Fives Lands Order for New SDI Galvanizing Line
14 January 2019 - Steel Dynamics Inc. (SDI) has awarded the contract for its planned Mississippi galvanizing line to Fives, the industrial equipment builder has announced.
Nucor, Steel Dynamics Forecast Record 2018 Earnings
18 December 2018 - Nucor Corp. and Steel Dynamics Inc. expect to report record full-year earnings in 2018 owing to the underlying strength in the steel markets and other factors, and both are looking for continued profitability in 2019, the companies have said.
Steel Dynamics to Build US$1.7B Sheet Mill in Southwest U.S.
27 November 2018 - Steel Dynamics Inc. has revealed plans to build an advanced sheet mill somewhere in the southwestern U.S. at a cost of between US$1.7 and US$1.8 billion.
Steel Dynamics Chooses Fives for Process Line Upgrades
21 November 2018 - Steel Dynamics Inc. has awarded a contract to Fives for upgrades to a galvanizing line at its Columbus, Miss., sheet mill.
