Steel News

Steel Dynamics Completes Acquisition of The Techs

05 July 2007 - Steel Dynamics completes its acquisition of The Techs for approximately $370 million, including certain purchase-price adjustments made at closing.

Steel Dynamics Increases Share Repurchase Program

02 July 2007 - Steel Dynamics’ Board of Directors approves a 5-million-share increase to its existing share repurchase program.

Steel Dynamics Announces Increased Revolving Credit Facility

20 June 2007 - Steel Dynamics has amended, restated and expanded its senior secured revolving credit facility from the prior $350-million level to a renewed 5-year $750-million facility.

Steel Dynamics to Acquire The Techs

14 June 2007 - Steel Dynamics enters into a definitive agreement to acquire Pennsylvania-based The Techs, paying $360 million for the company on a cash-free debt-free basis, subject to certain adjustments.

Steel Dynamics Affirms Healthy Earnings Outlook

30 May 2007 - Steel Dynamics says it expects to report second quarter earnings in the range of $0.95 to $1.00 per diluted share, based on strong market conditions for structural steels and steel bars tempered by weaker-than-projected volumes and pricing for flat rolled steel.

Steel Dynamics Comments on Industry Consolidation Activity

27 April 2007 - Steel Dynamics issues statement to clarify its position regarding recent consolidation activity in the U.S. metals industry.

Steel Dynamics Reports Strong 1st Quarter

17 April 2007 - Steel Dynamics, Inc. announced earnings of $102 million on net sales of $866 million for the first quarter ended March 31, 2007.

Steel Dynamics Realigns Business, Management Structure

17 April 2007 - Steel Dynamics is aligning operations management under two new business groups—Flat Rolled Steels and Ferrous Resources, and Steel Shapes and Building Products.