Steel News

Judge Dismisses GM Lawsuit against Steel Dynamics

06 August 2004 - Steel Dynamics, Inc. announced that on August 4, 2004, a Michigan circuit court judge dismissed General Motors Corp.'s lawsuit against SDI over an alleged multi-year steel purchase agreement.

Steel Dynamics Selects Location for New Joist & Deck Plant

24 July 2004 - Steel Dynamics, Inc. announced that New Millennium Building Systems, LLC, a wholly owned subsidiary, has selected Lake City, Fla., as the site for construction of a new steel fabrication facility.

Steel Dynamics Announces Record Quarterly Earnings

21 July 2004 - Steel Dynamics, Inc. announced record second quarter earnings of $67.3 million on net sales of $526 million for the second quarter of 2004.

Steel Dynamics Announces Initiation of Cash Dividend

15 July 2004 - Steel Dynamics, Inc.’s Board of Directors has declared the company's first quarterly cash dividend.

Steel Industry Groups Sign Safety Alliance with OSHA

08 July 2004 - The U.S. Occupational Safety and Health Administration (OSHA) and the three major trade associations representing virtually all of the basic and specialty steel producers in America have joined forces in an effort to enhance worker safety and health in the nation's steel mills.

Steel Dynamics Announces Completion of Refinancing

02 July 2004 - Steel Dynamics, Inc. has completed its previously announced refinancing and has entered into a new 4-year $230 million senior secured revolving credit facility.

Steel Dynamics Announces New Raw Materials Position

30 June 2004 - Steel Dynamics, Inc. has appointed Richard J. Brady as Manager of Ferrous Resources and Logistics.

EPA Region 5 Settles Case with Steel Dynamics

25 June 2004 - U.S. Environmental Protection Agency Region 5 recently settled an administrative case involving hazardous chemical reporting violations with Steel Dynamics, Butler, Ind. An additional case was settled with Kohl's Foods, Milwaukee, Wis., and new complaints were filed against Sewall Gear Manufacturing, St. Paul, Minn., and U.S. Aluminate Co., Ashtabula, Ohio.