Steel Mills
SDI Names Millett Chairman of the Board
Written by Sandy Williams
May 24, 2021
Steel Dynamics CEO and President Mark Millett will add chairman of the board to his executive duties. Millett, who co-founded Steel Dynamics in 1993 with Keith Busse and Richard Teets, will replace Busse as chairman, effective immediately as part of a planned leadership transition. Busse will continue to serve as a director on the board.
“Mark has done a tremendous job leading the company,” stated Busse. “He has a clear strategic vision for Steel Dynamics and has demonstrated effective execution of this strategy. I believe Mark and the Steel Dynamics team will propel the company forward through the next stage of growth. I am pleased to remain a director of the board and to continue to participate in the great strides and opportunities we expect for the future.”
“On behalf of the board of directors, we would like to sincerely thank Keith for his contributions and valuable insights while serving since inception as our chairman of the board,” added Millett. “His expertise in the industry, multitude of business relationships and wise judgment have been instrumental in guiding Steel Dynamics through many business and developmental milestones. I look forward to continuing to work closely with Keith as a director of our board.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cleveland-Cliffs CEO seeks ‘American solution’ for U.S. Steel
He said a new entity would operate under the U.S. Steel name and would retain its Pittsburgh headquarters.
Cliffs, Nucor could buy U.S. Steel: Report
Cleveland-Cliffs could be teaming up with Nucor to make a play for U.S. Steel, according to an article at CNBC.
Biden extends deadline for unwinding Nippon/USS deal to June
The Biden administration has pushed back until June the date for which Nippon Steel must unwind its $14.9-billion dollar deal for Pittsburgh-based U.S. Steel, the companies said on Saturday.
Nucor to build third utility tower plant in Utah
The steelmaker is completing construction of two such production facilities in Alabama and Indiana.
Hyundai mulls building $6B sheet steel mill in southern US
Hyundai Motor Group is reportedly considering building a sheet steel mill just south of Baton Rouge, La.