Steel Dynamics Inc.
Latest News
Steel Dynamics Sees Some Market Improvement, And Profitability
16 March 2016 - U.S.-based Steel Dynamics Inc. said some market aspects have improved and expects to report first-quarter earnings of between 22 and 26 cents per diluted share, exceeding analysts’ estimates.
SDI Co-Founder Richard Teets Calls it a Career and Announces March Retirement
17 February 2016 - Steel Dynamics Inc. co-founder and former AIST board president Richard P. Teets Jr. has announced he’ll retire in March, bringing to an end a nearly 40-year steelmaking career and prompting the company to reorganize its management structure.
Steel Dynamics, Mississippi Officials Mark Start of Plant Expansion
25 January 2016 - U.S.-based Steel Dynamics Inc. (SDI) has broken ground on the company’s new paint line and Galvalume production facility at its Columbus, Miss., USA, plant.
AK Steel, Steel Dynamics Expecting Low-Cost Imports to Weigh Down Fourth-Quarter Results
18 December 2015 - AK Steel Corp. said it expects to report a greater-than-anticipated net loss of between 33 cents and 38 cents per share in the fourth quarter, due in part to costs associated with idling its Kentucky blast furnace.
Infrastructure Spending Not a Panacea for Steel Demand, Says SDI Executive
26 October 2015 - Despite a school of thought that says otherwise, an increase in public spending on America's crumbling infrastructure likely won't do much to lift steel demand, according to Steel Dynamics Inc. (SDI) Vice President Christopher A. Graham.
U.S. Trade Commission Pursues Cold Rolled Import Investigation
25 September 2015 - Producers from seven countries appear to be selling hot rolled coil at less than market value, undercutting American producers, the U.S. International Trade Commission (ITC) has ruled.
Steel Dynamics Expands Structurals Business Through Acquisition
15 September 2015 - Steel Dynamics Inc. (SDI) is acquiring three steel decking production facilities for US$45 million, allowing it to add to its product offerings and to expand its reach into the southwestern and western U.S. markets, the company has announced.
U.S. Trade Commission Proceeding With Import Investigation Into Cold Rolled Flat Products
10 September 2015 - The U.S. International Trade Commission has agreed to proceed with a trade investigation into cold rolled flat products from seven countries, including China, concluding that there is a reasonable indication of harm to domestic producers.
U.S. Producers Seeking Trade Relief From Cold-Rolled Imports
29 July 2015 - Several major U.S. steel producers -- AK Steel Corp., ArcelorMittal USA LLC, Nucor Corp., Steel Dynamics Inc., and U.S. Steel Corp. -- have filed petitions charging that foreign producers from eight countries are are dumping cold-rolled steel at substantial margins, harming the domestic industry.
Steel Dynamics Inc. Announces Second Quarter 2015 Results
23 July 2015 - Steel Dynamics, Inc. announced second quarter 2015 adjusted net income of $53 million, or $0.22 per diluted share, and adjusted operating income of $120 million, which excludes the following items:
U.S. Dept. of Commerce Announces Investigation into Antidumping and Countervailing Duties of Corrosion-Resistant Steel
25 June 2015 - On 24 June 2015, the United States Department of Commerce submitted announced that it will initiate antidumping duty and countervailing duty investigations of imports of corrosion-resistant steel products from China, India, Italy, Korea and Taiwain.
Steel Dynamics Provides Second Quarter 2015 Earnings Guidance
23 June 2015 - Steel Dynamics, Inc. provided second quarter 2015 adjusted earnings guidance in the range of $0.20 to $0.24 per diluted share, excluding the following items:
American Metal Market Announces 2015 Award Winners for Steel Excellence
17 June 2015 - Winners of the sixth annual American Metal Market Awards for Steel Excellence were announced 9 June 2015 at the annual Steel Awards Dinner held in conjunction with the Steel Success Strategies XXX conference.
AK Steel and Other US Producers File Trade Cases Against Five Countries
04 June 2015 - AK Steel today announced that it has joined other major domestic steel producers in filing anti-dumping and counter-vailing duty petitions against five countries related to corrosion-resistant steel.
SDI Places Order With TMEIC for a New Pickle Line Automation System
01 June 2015 - A brand new push-pull pickle line at Steel Dynamics Inc. in Butler, Indiana will be controlled by an advanced automation system from TMEIC.
Steel Dynamics Announces Indefinite Idle of Minnesota Operations
27 May 2015 - Steel Dynamics, Inc. announced plans to idle its Minnesota ironmaking operations located in Chisholm and Hoyt Lakes, MN, effective immediately.
Steel Dynamics Announces Planned Paint Line and Galvalume® Capability Expansion
26 May 2015 - Steel Dynamics, Inc. announced plans to expand its offering of value-added flat roll steel products through the addition of painting and Galvalume capabilities at its Columbus, Mississippi steel mill.
Steel Dynamics Reports First Quarter 2015 Results
22 April 2015 - Steel Dynamics, Inc. announced first quarter 2015 financial results. Excluding $17 million, or $0.04 per diluted share, of call premium and other finance expenses associated with the March 2015 senior note repayment, the company's adjusted first quarter 2015 net income was $40 million, or $0.17 per diluted share, on net sales of $2.0 billion. Including the finance charges, the company reported first quarter 2015 net income of $31 million, or $0.13 per diluted share.
SDI Predicts Stronger Second Half of the Year
18 March 2015 - Steel Dynamics Inc. provided first quarter 2015 earnings guidance.
2015 Manufacturing Leadership Award Winners Announced
10 March 2015 - Frost & Sullivan's Manufacturing Leadership (ML) Council is recognizing world-class manufacturing companies and individual leaders as winners of the 2015 Manufacturing Leadership Awards, among them: Steel Dynamics Inc. and Olympic Steel.
