Steel News

Steel Dynamics Announces Indefinite Idle of Minnesota Operations

27 May 2015 - Steel Dynamics, Inc. announced plans to idle its Minnesota ironmaking operations located in Chisholm and Hoyt Lakes, MN, effective immediately.

Steel Dynamics Announces Planned Paint Line and Galvalume® Capability Expansion

26 May 2015 - Steel Dynamics, Inc. announced plans to expand its offering of value-added flat roll steel products through the addition of painting and Galvalume capabilities at its Columbus, Mississippi steel mill.

Steel Dynamics Reports First Quarter 2015 Results

22 April 2015 - Steel Dynamics, Inc. announced first quarter 2015 financial results. Excluding $17 million, or $0.04 per diluted share, of call premium and other finance expenses associated with the March 2015 senior note repayment, the company's adjusted first quarter 2015 net income was $40 million, or $0.17 per diluted share, on net sales of $2.0 billion. Including the finance charges, the company reported first quarter 2015 net income of $31 million, or $0.13 per diluted share.

SDI Predicts Stronger Second Half of the Year

18 March 2015 - Steel Dynamics Inc. provided first quarter 2015 earnings guidance.

2015 Manufacturing Leadership Award Winners Announced

10 March 2015 - Frost & Sullivan's Manufacturing Leadership (ML) Council is recognizing world-class manufacturing companies and individual leaders as winners of the 2015 Manufacturing Leadership Awards, among them: Steel Dynamics Inc. and Olympic Steel.

Tenova Goodfellow to Supply Two EFSOP Holistic Optimization Systems to SDI

24 February 2015 - Steel Dynamics Inc. has confirmed an order with Tenova Goodfellow for the supply and purchase of two EFSOP holistic optimization® systems, including water detection, for both EAF batteries at its Butler, Ind., steelmaking facility.

Butech Bliss and Nelson Steel Selected to Build SDI’s New HCL Pickling Line

03 February 2015 - Steel Dynamics Inc. has awarded Nelson Steel’s Technology Group and Butech Bliss contracts to provide equipment to upgrade the existing hot band finishing line at its Butler, Ind., facility.

SDI Reports 2014 Results; Expects Challenging Q1

29 January 2015 - Steel Dynamics Inc. announced 2014 fourth quarter and full-year results.

SDI Shares Q4 Guidance, Sees Steel Demand Trend Remaining Favorable

18 December 2014 - Steel Dynamics Inc. provided fourth quarter 2014 earnings guidance, noting that it expects both metal spread and shipments to contract due to seasonality and the continuation of elevated import levels.

SDI Butler Receives Inaugural Partnership Award from Clopay

08 December 2014 - In October 2014, Steel Dynamic Inc.’s Flat Roll Division—Butler received the inaugural Partnership Award from Clopay Building Products.

SDI Optimistic As It Announces Q3 Results

21 October 2014 - Steel Dynamics Inc. announced its results for the third quarter of 2014, including a short-term outlook.

SDI Provides Q3 2014 Earnings Guidance

19 September 2014 - Steel Dynamics Inc. provided third quarter 2014 earnings guidance, noting that demand trends for key steel-consuming end markets is expected to remain favorable, as strength in automotive, manufacturing, energy and construction markets continue to improve.

Steel Dynamics Completes Acquisition of Severstal Columbus

17 September 2014 - Steel Dynamics Inc. announced the completion of the acquisition of Severstal Columbus LLC, one of the newest and most technologically advanced mini-mills in North America.

Severstal Completes Sale of Severstal North America

17 September 2014 - Severstal announced that it has completed the sale of its Severstal Columbus LLC and Severstal Dearborn LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics Inc. and AK Steel Corp., respectively.

SDI Reports Record Shipments, Improved Metal Spreads in Q2

22 July 2014 - Steel Dynamics Inc. said that despite elevated import levels, the strength of underlying demand coupled with its continued market diversification and customer focus allowed it to achieve record quarterly steel shipments in the second quarter of the year.

Severstal Agrees to Sell U.S. Facilities for US$2.325 Billion

21 July 2014 - OAO Severstal has entered into separate definitive transaction agreements to sell its Severstal Columbus LLC and Severstal Dearborn LLC subsidiaries, collectively known as Severstal North America, to Steel Dynamics Inc. and AK Steel Corporation, respectively, for a total cash consideration of US$2.325 billion.

Steel Dynamics Inc. To Acquire Severstal Columbus

21 July 2014 - Steel Dynamics Inc. has entered into a definitive agreement to acquire 100% of Severstal Columbus LLC (Columbus) from OAO Severstal.

Steel Dynamics Provides Second Quarter 2014 Earnings Guidance and Announces Second Quarter Cash Dividend

18 June 2014 - Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter earnings guidance in the range of $0.28 to $0.32 per diluted share.

SMA Presents Achievement in Advocacy Award to Steel Dynamics VP

16 May 2014 - The Steel Manufacturers Association (SMA) presented its James F. Collins Achievement in Advocacy Award to John Nolan, vice president of product development for Steel Dynamics, during SMA’s Annual Members Conference at the Renaissance Mayflower Hotel in Washington, D.C.

SMA Presents Annual Awards for Safety, Environmental Stewardship, Innovation and Community Involvement

14 May 2014 - The Steel Manufacturers Association (SMA) presented its annual awards for 2014, recognizing the safety, environmental stewardship, innovation and community involvement efforts of the minimill steel industry.