Steel News

Fives Lands Order for New SDI Galvanizing Line

14 January 2019 - Steel Dynamics Inc. (SDI) has awarded the contract for its planned Mississippi galvanizing line to Fives, the industrial equipment builder has announced.

Nucor, Steel Dynamics Forecast Record 2018 Earnings

18 December 2018 - Nucor Corp. and Steel Dynamics Inc. expect to report record full-year earnings in 2018 owing to the underlying strength in the steel markets and other factors, and both are looking for continued profitability in 2019, the companies have said.

Steel Dynamics to Build US$1.7B Sheet Mill in Southwest U.S.

27 November 2018 - Steel Dynamics Inc. has revealed plans to build an advanced sheet mill somewhere in the southwestern U.S. at a cost of between US$1.7 and US$1.8 billion.

Steel Dynamics Chooses Fives for Process Line Upgrades

21 November 2018 - Steel Dynamics Inc. has awarded a contract to Fives for upgrades to a galvanizing line at its Columbus, Miss., sheet mill.

Nucor, SDI Report Hefty Q3 Profits

18 October 2018 - America’s two biggest electric arc furnace producers each saw third-quarter profits rise on higher prices and shipments, they reported on Thursday.

SMA Presents Awards for Safety, Environmental Stewardship and Community Involvement

08 October 2018 - The Steel Manufacturers Association has recognized a Steel Dynamics Inc. employee for his on-going efforts to improve the industry’s safety.

Nucor, Steel Dynamics Expect Q3 Earnings Growth

18 September 2018 - Nucor Corp. and Steel Dynamics Inc. are forecasting higher third-quarter earnings on continued strength in demand, the steelmakers have said.

Steel Dynamics Takes the Keys to Closed Bar Mill, Eyes November Restart

18 September 2018 - Steel Dynamics Inc. has finalized its acquisition of shuttered Kentucky Electric Steel for US$5 million and plans to reopen the facility in November.

Steel Dynamics Working on Deal for Idled Mill in Kentucky

24 July 2018 - Steel Dynamics Inc. is planning to acquire a shuttered bar mill in Kentucky, chief executive Mark Millett said Tuesday.

Steel Dynamics Closes on Acquisition of Sheet Processing Facility

02 July 2018 - Steel Dynamics Inc. has finalized its acquisition of the former Heartland Steel sheet processing plant from Companhia Siderurgica Nacional.

Steel Dynamics Plans New Galvanizing Line for Mississippi Sheet Mill

28 June 2018 - Steel Dynamics Inc. plans to add a third galvanizing line to its Columbus, Miss., USA, sheet plant and make US$90 million to US$100 million in other improvements there.

SDI Expands Flat-Rolled Operation Through US$400 Million Acquisition

15 May 2018 - Steel Dynamics Inc. said it will acquire Companhia Siderurgica Nacional’s (CSN) coil processing operation in Terre Haute, Ind., USA, for US$400 million in cash.

Indiana Steelmaker Expects Increase in Q1 Earnings

19 March 2018 - Steel Dynamics Inc. is forecasting first-quarter earnings of between 88 and 92 cents per diluted share, up nearly 10% over the same quarter last year.

Steel Dynamics Had a Great Year. Here's Why.

23 January 2018 - Steel Dynamics Inc. had a banner year in 2017 as the company set new records for steel shipments, sales and safety, it said on Tuesday.

Danieli Lands Expanded Order from Steel Dynamics

16 January 2018 - Danieli said it has won a follow-on order for a water treatment plant at Steel Dynamics Inc.’s Columbia City, Ind., USA, bar mill.

Steel Imports, Refinancing Mute Steel Dynamics' Q3 Profits

19 October 2017 - Third-quarter profits at Steel Dynamics Inc. slipped 2.5% on costs associated with debt refinancing and competition from imports, which limited price increases, the company announced Thursday.

Steel Dynamics' Third-Quarter Earnings Expected to Miss Forecast

20 September 2017 - Steel Dynamics Inc. said it expects to report third-quarter earnings of between 61 cents and 65 cents per share, missing analysts’ expectations.

Steel Dynamics Orders Danieli Spooler Line

17 August 2017 - Danieli has won a contract to install spooled bar equipment at Steel Dynamics Inc.’s Columbia City, Ind., USA, structural and rail mill.

Steel Dynamics Takes One to the Snout

21 July 2017 - A bad line component forced Steel Dynamics Inc.’s (SDI) new Galvalume and paint lines to go down in the second quarter, contributing to an estimated US$30 million impact on earnings, SDI chief executive Mark Millett said on Thursday.

Higher Steel Prices Boost Q2 Profits at Steel Dynamics

20 July 2017 - Steel Dynamics Inc. saw its second-quarter profits rise 8.5% on higher average prices for its steel.