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Steel Dynamics Announces New Raw Materials Position

Steel Dynamics, Inc. has appointed Richard J. Brady as Manager of Ferrous Resources and Logistics.

In this new corporate position, Brady will be responsible for procurement of steel scrap and other ferrous resources used for the manufacture of steel in the company's EAF mini-mills. Based at SDI's corporate offices in Fort Wayne, Ind., he will work closely with SDI's three steel-producing divisions to meet their growing requirements for high-quality, competitively priced metallic resources.

"We are very pleased that Rich has joined SDI's management team in this important role," said Keith Busse, President and CEO of Steel Dynamics. "As Steel Dynamics continues to grow and consume greater and greater quantities of steel scrap, how we buy our ferrous resources becomes increasingly important. Rich will work with our divisions and with a network of suppliers to assure that SDI continues to obtain adequate supplies of steel scrap which can be purchased and delivered efficiently and economically. Steel Dynamics has in the past coordinated its scrap purchases on a corporate basis, and we expect this new resource-procurement organization to strengthen this effort."

Brady comes to Steel Dynamics with more than ten years' experience in purchasing of ferrous metallics, having worked for the David L. Joseph Co. in Chicago, Ill., and Birmingham, Ala. His background includes commodities trading, supply chain management, logistics and industrial sales. He is a graduate of the University of Missouri in business and served as an officer in the U.S. Army National Guard.