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    Market Segment

    July 19, 2022

    Millett: $2.2 Billion Aluminum Investment 'Incredibly Exciting'

    Written by David Schollaert

    Steel Dynamics Inc.’s plan to construct a $2.2 billion recycled aluminum flat-rolled mill and two supporting recycled aluminum slab centers is an unprecedented and an exciting move for a steelmaker, its top executive said.

    “I haven’t been this excited about a project since we first launched this business,” SDI chairman, president and CEO Mark Millett said during a conference call on Tuesday, July 19.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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