Steel Mills

SDI Completes Purchase of CSN Heartland
Written by Sandy Williams
July 5, 2018
Steel Dynamics has completed the acquisition of CSN Heartland Flat Roll operations in Terre Haute, Ind., for $400 million in cash. Heartland produces higher-margin flat rolled steel through the processing of hot rolled coils into pickled and oiled, cold rolled and galvanized products.
Heartland has an annual capacity of 1.0 million tons of cold rolled steel and a galvanizing capacity of 360,000 tons. The facility is comprised of a continuous pickling line, a cold mill and a galvanizing line. Heartland has been operating at low utilization, primarily focusing on galvanized products. SDI plans to bring the facility to full capacity, producing high-quality cold rolled and pickled and oiled, in addition to galvanized products.
The acquisition will expand Steel Dynamics’ annual flat rolled steel shipping capacity to 8.4 million tons and total steel shipping capability to 12.4 million tons.
“We enthusiastically welcome the employees and existing customers of Heartland into the Steel Dynamics family,” stated SDI President and CEO Mark D. Millett. “The successful completion of the Heartland acquisition represents another step toward one of our growth initiatives, to further increase value-added product and market diversification. We believe Heartland, together with our Midwest flat roll operations, will provide numerous synergies and a tremendous amount of operating flexibility and optionality. We look forward to bringing this strategy to fruition.”

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.

Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.

ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.

AISI: Raw steel production ticks back down
US raw steel output declined last week after increasing the week prior, according to the latest data from the American Iron and Steel Institute (AISI). Output has see-sawed from week to week since mid-August. Still, it has remained historically strong over the past four months and has held near multi-year highs since June. Domestic mills […]