Steel Mills

SDI Names Millett Chairman of the Board
Written by Sandy Williams
May 24, 2021
Steel Dynamics CEO and President Mark Millett will add chairman of the board to his executive duties. Millett, who co-founded Steel Dynamics in 1993 with Keith Busse and Richard Teets, will replace Busse as chairman, effective immediately as part of a planned leadership transition. Busse will continue to serve as a director on the board.
“Mark has done a tremendous job leading the company,” stated Busse. “He has a clear strategic vision for Steel Dynamics and has demonstrated effective execution of this strategy. I believe Mark and the Steel Dynamics team will propel the company forward through the next stage of growth. I am pleased to remain a director of the board and to continue to participate in the great strides and opportunities we expect for the future.”
“On behalf of the board of directors, we would like to sincerely thank Keith for his contributions and valuable insights while serving since inception as our chairman of the board,” added Millett. “His expertise in the industry, multitude of business relationships and wise judgment have been instrumental in guiding Steel Dynamics through many business and developmental milestones. I look forward to continuing to work closely with Keith as a director of our board.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Wheeling-Nippon Steel raises Galvalume coating extras
The steelmaker released updated extras to customers on Oct. 15, marking the second adjustment in just six weeks following their early September revision
Cliffs offloading some FPT assets, considering HBI plant sale as well
Lourenco Goncalves confirmed that Cleveland-Cliffs is actively selling off portions of its Ferrous Processing and Trading (FPT) assets. Its direct reduction plant in Toledo, Ohio, may also be up for grabs...
SSAB cites US strength but flags tariff-driven uncertainty
The Americas segment of Swedish steelmaker SSAB delivered a stable third quarter, but with weaker shipments and continuing cautious demand. Plate prices held, but tariffs, slowing end-user demand, and...
AHMSA drama deepens as drawn-out bankruptcy slowly progresses
A former CEO goes to court for swiping tin. An OEM distributor slams the bankruptcy trustee for failing workers and creditors. The steelmaker fires back. Angry employees demand back pay as tensions rise in Monclova's steel saga.
Cliffs aligns with US critical mineral policy, moves forward with DOE-funded projects
Cleveland-Cliffs is positioning itself as a key player in America’s push for industrial independence.
