Final Thoughts
SDI Taps Schneider as President, COO
February 9, 2023
Steel Dynamics Inc. (SDI) has named Barry T. Schneider to the newly created position of president and COO, effective March 1.
Schneider is a 28-year veteran of the Fort Wayne, Ind.-based steelmaker. He has been senior vice president of its flat-roll steel group since March 2016, where he was responsible for flat-roll steel operations across three steel mills as well as numerous processing and value-added coating lines. Before 2016, Schneider served in various operational and leadership roles within SDI’s steel operations.
In his new role, Schneider will continue his current responsibilities and also assume responsibility of the company’s long products steel group, steel fabrication platform, and metals recycling platform.
“This appointment is in recognition of our ongoing meaningful growth strategy, and the need for continued growth and talent development within our leadership teams,” SDI chairman and CEO Mark D. Millett said in a statement.
Separately, Schneider serves as a director for the Association of Iron & Steel Technology (AIST).
He will continue to report to Millett.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Final Thoughts

Final Thoughts
Tariff-related noise aside, there is one basic factor keeping buyers on the sidelines. Despite recent declines, HR prices remain at historically high levels. And there is no obvious support to keep them there.

Final Thoughts
United Airlines raised eyebrows earlier this month when it provided two forecasts for 2025 – one assuming a relatively stable economy and another assuming a recession. The reason? Uncertainty around the impact of President Trump’s policy shocks on the broader economy. And it sometimes feels like we’re seeing a battle between those two narratives (stable vs recession) play out within in the pages of this newsletter.

Final Thoughts
Despite some scary headlines lately (especially about Trump potentially firing Fed Chair Jerome Powell) this is not October 2008 (financial crisis) or March 2020 (onset of the pandemic). But it sure seems like we’ve taken a relatively strong economy and poured a thick sauce of uncertainty over it.

Final Thoughts
I put some of our survey data through ChatGpt, with interesting results.

Final Thoughts
Nearly 50% of respondents to our latest survey thought hot-rolled coil prices have already peaked. And where will those prices be two months from now? Responses were decidedly split on that question.