EXCLUSIVE: SDI CEO Mark Millett Talks M&A, Sinton Mill

Steel Dynamics Inc. (SDI) sees a “myriad of opportunities” on the M&A front but disagreements over valuations have prevented some of those deals from moving forward, the company’s top executive said.

“It’s a matter of determining what is a great strategic fit at a reasonable value. … People’s aspirations of value are a little steep right now,” SDI co-founder, chairman and CEO Mark Millett told Steel Market Update.

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.