Tag: SDI

Steel Dynamics Inc. (SDI) narrowed operating losses from its aluminum operations as the company's flat-rolled mill in Columbus, Miss., continues to ramp up. SDI, which operates Aluminum Dynamics Inc. (ADI), reported a Q3'26 operating loss from aluminum operations of $26 million, down from an operating loss of $56.5 million in Q3'25. Year to date, the division reported an operating loss of $124 million, down from $126 million in the first nine months of 2025.

Steel Dynamics Inc. (SDI) expects tight supply, lean inventories, and firm demand to support steel pricing and margins through the fourth quarter and into 2027, Chairman and outgoing CEO Mark Millett and incoming President and CEO Theresa Wagler said on the company’s third-quarter earnings call. SDI’s steel mills operated at 92% utilization in the third quarter, compared with an estimated 80% for the domestic industry.

Steel Dynamics Inc. (SDI) posted sharply higher third quarter profits on the back of higher steel prices, record steel shipments, and "historically low" import volumes. The Fort Wayne, Ind.-based steelmaker said it also benefited from low customer inventories, long mill lead times, and low scrap prices. It wasn’t just a story of US trade policy suppressing imports. Demand was strong across a range of end markets, among them energy, non-residential construction, and automotive, the company said.

Steel Dynamics Inc. (SDI) announced a round of leadership promotions. “I am excited to recognize these six leaders for their outstanding contributions to our company’s continued growth and success,” stated Incoming President and CEO Theresa E. Wagler. “Through their leadership, commitment to excellence, and dedication to our strategic pillars, they exemplify our culture of safety, performance, innovation, and putting people first.” William T. (Tommy) Scruggs was promoted to senior vice president, flat rolled commercial and processing. Scruggs has been with SDI since 2003 and has led the company’s Flat Roll Steel Group commercial operations since 2015.

Steel Dynamics Inc. (SDI) has guided to higher third-quarter earnings both sequentially and on-year.

Steel Dynamics Inc.'s (SDI's) executives said they are working with the current administration towards keeping a robust trade policy that favors US products, and that scrap supply in the US remains "ample."

Volume, which is usually a big positive for buyers in price negotiations, has arguably become a net negative.

Steel Dynamics Inc. (SDI) has revised their metallic coating extras higher for galvanized, Galvalume, Galfan, and aluminized type 1 products.

Steel Dynamics Inc’s chief executive is bullish on M&A opportunities despite the rejection of its joint bid for Australia’s BlueScope Steel.

Steel Dynamics Inc. expects a sharp jump in first-quarter earnings, driven by stronger steel and recycling margins, steady fabrication results, and continued progress at its aluminum mill.

BlueScope Steel has responded to Steel Dynamics Inc. and SGH’s “best and final” offer to take over the steel company. While not outright rejecting a takeover, BlueScope believes the offer is undervalued and remains open to talks.

Steel Dynamics Inc. and SGH Ltd have upped their bid to acquire BlueScope Steel.

“The premise for the board’s rejection was insufficient value. Yet they provided shareholders with no reasonable, executable alternative strategy that would provide the same certainty of shareholder return,” SDI Co-founder, Chairman, and CEO Mark Millett said.

Steel Dynamics Inc. reported higher Q4 profits despite lower contract prices for flat-rolled steel and more outages than usual in the quarter.

There was a fire at an electrical substation “near and owned by Steel Dynamics (Inc.’s) Southwest-Sinton Flat Roll Division,” according to a media report on Wednesday.

Steel Dynamics Inc. expects its fourth-quarter earnings to be weaker than in the previous quarter, albeit still higher than last year. Longer-than-expected mill outages impacted flat-rolled steel volumes in the quarter.

Steel Dynamics Inc. (SDI) said on Monday it has completed the acquisition of the remaining 55% equity interest stake in New Process Steel. 

Steel Dynamics has announced lower-embodied-carbon steel products BIOEDGE and EDGE, and expects “immediate interest” from several markets for some of the offerings.   

As Aluminum Dynamics Inc. (ADI) continues to ramp up production at its Mississippi mill, Steel Dynamics Inc.'s chief executive said there is more opportunity ahead.

Steel Dynamics Inc.’s third-quarter profits jumped year over year as the company saw “record” quarterly steel shipments

Domestic mills praised the US International Trade Commission’s (ITC's) final determination that imports of corrosion-resistant (CORE) steel from 10 countries pose a threat to them.

Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel. 

With 30 years of experience at Steel Dynamics, Barry Schneider reflects on the company and the state of the steel industry.

Steel Dynamics Inc. (SDI) executives called a 50% tariff on Brazilian pig iron “concerning,” but think tariffs will be a “mainstay” of trade agreements going forward.

SDI profits slipped in second quarter amid trade policy volatility.

Longtime Steel Dynamics Inc. (SDI) executive Glenn Pushis will be retiring from the company to become CEO of Project Aero, a company that plans to build a titanium plant in North Carolina.

Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

The Fort Wayne, Ind.-based company was ranked 29th overall

Steel Dynamics Inc. (SDI) remains upbeat about progress at its Sinton, Texas, sheet mill and expects it to be profitable in the upcoming months. “The Sinton team gained considerable momentum in the last two months—running above 80% capacity—and they are doing even better in January, with expectations to reach profitability in the coming months,” SDI Chairman and CEO Mark Millett said in a Q4’24 earnings call on Thursday.

The Fort Wayne, Ind.-based steelmaker and metal recycler expects Q4'24 earnings guidance in the range of $1.26 to $1.30 per diluted share.