Tag: Steel Dynamics Inc.

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

Members of the Congressional Steel Caucus met in Washington on Wednesday to assess the state of the domestic steel industry. Lawmakers and industry leaders discussed the importance of Section 232 tariffs, strong trade enforcement, and continued investment in American steelmaking.

BlueScope has rejected for the fourth time a takeover offer led by Steel Dynamics Inc., believing the offers to be significantly undervalued.

Australia's BlueScope Steel confirmed it has received a takeover bid from a two-party international consortium that includes Fort Wayne, Ind.-based Steel Dynamics Inc. (SDI).

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. announced Matt Bell as the new head of the company’s metals recycling platform, OmniSource.

SDI shipped the first product from its biocarbon facility in Columbus, Miss., in September as the project continues to accelerate.

Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.

Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.  

The Commerce Department has added over 400 HTS codes to the list of steel and aluminum derivative products covered under the Section 232 tariffs.

Steel Dynamics Inc. (SDI) expects stronger second-quarter sequential earnings when it releases its full earnings report on Monday, July 21st. 

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.

SDI earnings slip in first quarter year over year, but are up sequentially.

SDI expects energy, non-residential construction, and automotive to continue to drive demand.

Wabash National and Steel Dynamics Inc. (SDI) have signed a 10-year supply agreement that secures “critical steel components” for Wabash’s growing operations, the company said in a press release.

With a surplus of ferrous scrap supply in the US, Steel Dynamics Inc. (SDI) said one key to maintaining costs is watching the price of conversion. When it comes to feeding electric arc furnaces (EAF), “Our Omni team is working very closely with us to make sure we have access to the right materials,” said […]

Fall is coming in North America, and with it, steel mills' regularly scheduled fall maintenance outages.

United Steel Supply plans to invest up to $10 million to open a steel processing and painting facility at the Ports of Indiana-Jeffersonville near Louisville, Ky.

The 2024 Tampa Steel Conference is coming up soon after the kickoff of 2024. One of the premier steel conferences in the US, it will be a great complement to our record-breaking SMU Steel Summit this past August.

Steel Dynamics Inc. (SDI) expects lower fourth-quarter earnings sequentially and on-year, though the company said “steel order activity remains solid.”

Steel Dynamics Inc. (SDI) scrap subsidiary OmniSource has acquired a 55-acre rail-served tract near the Port of Houston to expand its metal recycling operations along the Gulf Coast.

On its third-quarter earnings conference call on Thursday, Oct. 19, Steel Dynamics Inc. executives did not rule out the possibility of ‘inorganic growth’ opportunities.

Steel Dynamics Inc. provided an update on the four new coating lines it is adding to its Heartland flat rolled processing mill and Sinton sheet mill on its third-quarter earnings conference call with analysts on Thursday, Oct. 19.

Steel Dynamics Inc. (SDI) reported a drop in third quarter profits on lower prices for flat-rolled steel as well as for fabricated products.

Steel Dynamics Inc. (SDI) plans to take a four-day outage at its sheet mill in Butler, Ind., according to sources familiar with the matter.

Steel Dynamics Inc. (SDI) has lost some production this month at its sheet mill in Columbus, Miss., on a combination of planned and unplanned outages, according to sources familiar with the matter.

Steel Dynamics Inc. (SDI) and Mercedes-Benz have signed an agreement for the automaker to source 50,000 metric tons of C02-reduced steel for its plant in Tuscaloosa, Ala.

Steel Dynamics Inc. (SDI) said it expects third-quarter earnings to be lower than the previous quarter and also below the results posted a year earlier.

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.

Over the last month, SMU columns have referenced significant fluctuations in the Hot Rolled Coil Futures market as participants sift through the impact of several events, including some that are yet to be resolved.