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    Market Segment

    September 12, 2023

    SDI Inks Pact to Supply Coil to Solar Firm

    Written by Ethan Bernard

    Steel Dynamics Inc. (Inc.) has entered into a long-term agreement with Array Technologies to provide a fixed supply of coil for the solar tracking equipment maker’s US projects.

    Array said on Tuesday that the Fort Wayne, Ind.-based steelmaker will source the coil from its flat-roll steel mills located in Indiana, Mississippi, and Texas.

    “Array’s collaboration with Steel Dynamics is a powerful affirmation of our dedication to a robust and flexible domestic supply chain,” Array CEO Kevin Hostetler said in a statement.

    “Through this agreement, we are not only continuing our ability to source in excess of 85% of our tracker product content domestically—leading the industry—but also reducing risks related to delivery delays and quality issues for our customers,” he added.

    This percentage of US-sourced material makes it easier for customers to meet domestic content requirements in the Inflation Reduction Act (IRA), Array noted.

    “Our alliance with Array is more than just business; it’s a commitment to providing domestic, high-quality, sustainable steel products that are necessary for the transition to a lower-carbon global economy,” Jeff Hansen, SDI’s vice president of environmental sustainability, said in the statement.

    Array is a global utility-scale solar tracking manufacturer headquartered in Albuquerque, N.M.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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