Steel Mills
SDI to Acquire CSN Heartland in Indiana
Written by Sandy Williams
May 15, 2018
Steel Dynamics has announced it will acquire CSN Heartland from CSN Steel, a wholly-owned subsidiary of Companhia Siderurgica Nacional, for $400 million, subject to regulatory approval. SDI expects to close the transaction by the end of third-quarter 2018.
Heartland, located in Terre Haute, Ind., produces hot rolled pickled and oiled steel, cold rolled and galvanized products. The mill has the capability to produce 1.0 million tons of cold rolled steel and 360,000 tons of galvanized steel. The facility has been operating at low utilization, primarily focusing on galvanized products. Heartland’s continuous pickling line, cold mill and galvanizing line have been upgraded, well-maintained, and are in excellent operating condition, said SDI.
Although the mill has been operating at low utilization primarily producing galvanized products, SDI plans to bring the facility to full capacity to produce high-quality colded roll and pickled and oiled products, as well as galvanized steels.
The acquisition will expand Steel Dynamics’ annual flat roll steel shipping capacity to 8.4 million tons and total shipping capability to 12.4 million tons.
The additional exposure to wider, lighter-gauge flat roll steel offerings will broaden Steel Dynamics’ value-added product portfolio. Heartland’s proximity to SDI’s other flat roll and fabrication operations will add to efficiency in production and logistics.
“The acquisition of Heartland represents a step in the continuation of our growth strategy,” said Mark D. Millett, Chief Executive Officer. “It levers our core strengths, and at the same time fulfills our initiatives to further increase value-added product and market diversification. We look forward to welcoming the Heartland employees and customers into the Steel Dynamics family, and working with them to drive future growth and success.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Trump says US government to control 51% share in USS
President Trump says the US government will hold a 51% stake in U.S. Steel after the Nippon deal.
ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
USS, Nippon Steel quiet as litigation deadline approaches
There has been little word from U.S. Steel, Nippon Steel, or the White House since President Trump endorsed the companies’ “partnership” on social media and celebrated it at the May 30 rally outside Pittsburgh.
AISI: April mill shipments fall, sheet down YTD
US steel mills saw a decline in shipments from March to April.
Hybar rolls first rebar, ramping up Arkansas mill commissioning
The startup steelmaker produced its first rebar at its greenfield steel mill in Osceola, Ark., marking a key milestone by completing construction in 22 months.