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Steel Dynamics Plans Joist and Deck Fabrication Plant

March 25, 2004 — Steel Dynamics, Inc. announced that wholly owned subsidiary New Millennium Building Systems, LLC has begun site-selection discussions for the location of a new joist and deck fabrication plant in the southeastern U.S.

Among the states under consideration are Alabama, Georgia, Florida and the Carolinas. The planned facility will be the company's second steel-fabrication plant.

"We decided on the Southeast region for our first geographic expansion of the business," said Bert Hollman, President of New Millennium, "because the construction market in the South continues to have strong growth potential. We, likewise, will be in a better position to serve national accounts based in the South, such as major retailing and distribution companies that have ongoing programs to build new facilities, not only in the South but across the country.

The company expects to make a decision on the site for the new plant this spring and begin construction this summer. The plant, which could begin operation as early as the first quarter of 2005, is expected to have annual production capacities of about 70,000 tons for joists and 50,000 tons for decking. Most of the steel used in manufacture is expected to be supplied by Steel Dynamics.

The plant could ultimately employ about 200 people.

New Millennium manufactures steel components, including joists, trusses, girders, and decking, that are used in the construction of non-residential buildings. The company benefits from highly efficient production methods and a productive, non-union workforce that allows the company to maintain effective control of costs. Since beginning production at its Butler, Ind., plant in 2000, New Millennium has grown its sales, primarily in the upper Midwest, to become a major building-components manufacturer, offering our customers high-quality products and excellent customer service.

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