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.
Steel Dynamics Inc. remains optimistic about its prospects as it ramps up flat-rolled steel operations and prepares for the production of aluminum products next year. Executives from the Fort Wayne, Ind.-based steelmaker provided an update on the company’s operations on a conference call on Thursday held to discuss SDI’s third-quarter earnings results.
Steel Dynamics Inc. (SDI) reported a drop in third-quarter profits driven largely by lower flat-rolled steel prices. The Fort Wayne, Ind.-based electric arc furnace (EAF) steelmaker also saw scrap prices slip. That happened because of softer demand from domestic mills taking planned maintenance outages.
Steel Dynamics Inc. (SDI) has become the world’s first steel producer with carbon targets certified by the Global Steel Climate Council (GSCC).
On Thursday, the Department of Commerce announced it would initiate investigations into coated steel imports from ten countries.
Steel Dynamics Inc. (SDI) expects lower third-quarter earnings on the heels of “meaningfully lower” prices at its flat-rolled steel operations. The Fort Wayne, Ind.-based steelmaker expects Q3’24 earnings of $1.94 to $1.98 per diluted share, according to figures released on Monday. That’s down from $2.72 per share in Q2’24 and down from $3.47 per share in Q3’23.