Market Segment
SDI Commissions Sinton Hot Strip Mill: CEO
Written by Michael Cowden
January 19, 2022
Steel Dynamics Inc. (SDI) has commissioned the hot strip mill at its $1.9 billion steelmaking complex in Sinton, Texas, the company’s top executive said.
“Both coating lines are running well. The hot strip mill has been commissioned using purchased slabs. The last component is the caster, which is in the home stretch,” SDI President and CEO Mark Millett told Steel Market Update.
Additional detail will be provided when the Ft. Wayne, Ind.-based steelmaker releases fourth-quarter earnings results next week.
SDI will publish results after the close of markets on Monday and hold an earnings conference call on Tuesday morning.
The company’s release kicks off earnings season for North American flat-rolled steelmakers. Charlotte, N.C.-based Nucor Corp. and Pittsburgh-based U.S. Steel will release earnings later in the week followed by Cleveland-Cliffs in February.
The Sinton mill is expected to have annual capacity of 3 million tons. But it is not expected to reach its full run rate until the middle of 2022. Shipments this year are expected to be approximately 2 million to 2.2 million tons.
It will offer a full range of hot-rolled, pickled-and-oiled, cold-rolled and coated products – including not only hot-dipped galvanized and Galvalume but painted material as well.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
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