Steel Dynamics Inc.

Latest News

SDI Prepares to Start New Processing Lines

25 January 2024 - Steel Dynamics Inc. (SDI) has completed construction of its four new paint and galvanizing lines and expects to commission them sometime before the end of March, the company’s chief executive officer has said.

SDI Forecasts Lower Q4 Earnings

15 December 2023 - Steel Dynamics Inc. expects its fourth-quarter earnings to fall around 27% from last year on lower realized flat-rolled prices.

Steel Dynamics Reports Third-Quarter 2023 Results

19 October 2023 - The company yesterday reported its third-quarter 2023 financial results, which saw net sales of US$4.6 billion.

Steel Dynamics Announces Changes to Leadership Lineup

18 October 2023 - Steel Dynamics Inc. yesterday announced promotions for Christopher Graham, Richard Poinsatte, Angela Reeve, Christopher Gionti and Daniel Keown.

Mercedes-Benz Chooses SDI for Low-CO2 Steel

19 September 2023 - Steel Dynamics Inc. (SDI) will provide more than 50,000 metric tons of reduced-CO2 steel to Mercedes-Benz’s plant in Alabama under a newly signed procurement agreement, the automaker has announced.

New Agreement Advances SDI Decarbonization Plans

31 July 2023 - Steel Dynamics Inc. (SDI) will buy electricity from a Texas wind farm when it begins operating in 2024, the steelmaker has announced.

Steel Dynamics Inc. Reports Q2 Profit

20 July 2023 - Wider metal spreads and steady demand contributed to a US$812 million quarterly profit for Steel Dynamics Inc. (SDI), the company said Wednesday.

CEC Lands Engineering Contract for Steel Dynamics' Aluminum Mill

26 April 2023 - Steel Dynamics Inc. has awarded an engineering contract to Pittsburgh-based Civil & Environmental Consultants Inc. (CEC) for the steelmaker’s planned aluminum facilities.

Steel Dynamics Sees Healthy Steel Demand, Expects Profitable Q1

15 March 2023 - Steel Dynamics Inc.'s first-quarter earnings are likely to dip roughly 3%, but the company says demand in its steel, scrap and fabricated products businesses remains strong.

SDI Turns to Longtime Technology Partner for Aluminum Mill Build

09 March 2023 - Steel Dynamics Inc. has contracted SMS group to build its planned aluminum sheet mill, the plant engineer has announced.

SDI's Heart is in Steel, But Its Mind is on Aluminum

08 March 2023 - Steel Dynamics Inc. (SDI) broke ground Tuesday on its planned aluminum flat-rolled mill in Columbus, Miss., USA, a transformative project that will create a new line of business for the steelmaker and provide new source of domestically manufactured aluminum.

Steel Dynamics Executive Named Chief Operating Officer

09 February 2023 - Steel Dynamics Inc. (SDI) veteran and AIST board member Barry T. Schneider has been promoted to president and chief operating officer, the company announced on Thursday.

SDI Achieves Record Profitability in 2022

25 January 2023 - 2022 was a banner year for Steel Dynamics Inc. as the U.S. steelmaker posted record net sales, profits and shipments.

Steel Dynamics Expects Q4 Earnings to Decline

16 December 2022 - Steel Dynamics Inc. (SDI) is forecasting its fourth-quarter earnings to fall roughly 39% over the prior year due in part to tightening metal spreads, especially at its flat-rolled operations.

EAF Steel Producers Push for Process-Agnostic Emissions Limits

17 November 2022 - A group of electric arc furnace (EAF) steel producers have formed a coalition to push back against steel production emissions standards that they say could unfairly punish electric steelmakers while giving blast furnace operators a pass.