Steel Mills
SMU Exclusive: SDI Starting Up Sinton Paint Line, Galv to Follow
Written by Michael Cowden
July 2, 2021
Steel Dynamics Inc. (SDI) is in the process of starting up the coating lines at its new steel mill in Sinton, Texas, a company spokesman confirmed.
The paint line at Sinton has been threaded, and painting is expected to begin in approximately two weeks, he said.
The mill’s galvanizing line, meanwhile, is slated to start in late July or August, the spokesman said.
The paint line is expected to have annual coating capacity of 250,000 tons. And the galvanizing line is expected to have capacity of 550,000 tons per year, SDI has said.
SDI has also said that it plans to start up Sinton’s coating lines before it begins melting and hot-rolling operations at the mill, which is located approximately 25 miles from Corpus Christi.
The $1.9-billion steel mill, construction of which started in early 2020, is expected to begin making hot-rolled coil in late summer. The startup comes amid the hottest steel market in decades.
Case in point: Galvanized base prices stand at $1,970 per ton ($98.50 per cwt), up 82% from $1,085 per ton at the beginning of the year and more than triple $655 per ton a year ago, according to SMU’s interactive price tool.
Lead times for galvanized product are out as far as 16 weeks – or into late October – at some producers. And SMU’s sentiment index, at +78, remains near record highs.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Toyota Tsusho America to acquire Radius Recycling for $1.34 billion
The companies said Thursday that Radius shareholders will receive $30 per share in cash upon the deal’s closing, which is expected in the second half of this year.
Algoma resumes steel shipments to US, sees opportunity in tariffs
Algoma Steel has resumed shipments to the US, effective Friday, March 14. And the Canadian steelmaker sees a potential opportunity with the current tariff situation.
Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause
Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.
Evraz NA refutes report it falsified tests on plate for US military
Employees at Evraz North America, a subsidiary of Russia's Evraz plc, reportedly falsified quality control test results on armored plate for military vehicles. Evraz NA denies the claims.
Pacific Steel breaks ground on California rebar mill
Pacific Steel Group has broken ground on its Mojave Micro Mill in Southern California.