Steel Mills
SDI Rolls First Coil Melted and Cast at Sinton
Written by Michael Cowden
February 4, 2022
Steel Dynamics Inc. (SDI) has melted, cast and rolled the first coil at its new steel mill in Sinton, Texas.
Employees of the Fort Wayne, Ind.-based steelmaker celebrated the occasion on social media platforms such as LinkedIn.
The first coil both melted and rolled at Sinton was produced on Wednesday. SDI had previously been running Sinton’s hot strip mill with slabs melted at other company facilities or purchased from third parties.
The Sinton mill is expected to have annual capacity of 3 million tons. But it is not expected to reach its full run rate until the middle of 2022.
It will offer a full range of hot-rolled, pickled-and-oiled, cold-rolled and coated products – including not only hot-dipped galvanized and Galvalume but painted material as well.
By Michael Cowden, Michael@SteelMarketUpdate
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
SDI presses on with steel, aluminum investments
Steel Dynamics Inc. remains optimistic about its prospects as it ramps up flat-rolled steel operations and prepares for the production of aluminum products next year. Executives from the Fort Wayne, Ind.-based steelmaker provided an update on the company’s operations on a conference call on Thursday held to discuss SDI’s third-quarter earnings results.
CMC earnings slide, but still near top mark
CMC Fourth quarter ended Aug. 31 2024 2023 Change Net sales $1,996.1 $2,209.2 -9.6% Net income (loss) $103.9 $184.2 -43.6% Per diluted share $0.90 $1.56 -42.3% Full year ended Aug. 31 Net sales $7,925.9 $8,799.5 -9.9% Net income (loss) $485.5 $859.7 -43.5% Per diluted share $4.14 $7.25 -42.9% (in millions of dollars except per share) […]
SDI posts lower Q3 profit, sees better times in ’25
Steel Dynamics Inc. (SDI) reported a drop in third-quarter profits driven largely by lower flat-rolled steel prices. The Fort Wayne, Ind.-based electric arc furnace (EAF) steelmaker also saw scrap prices slip. That happened because of softer demand from domestic mills taking planned maintenance outages.
Cliffs hosts fireside chat on industry, union, government collaboration
Cleveland-Cliffs’s Chairman, President, and CEO Lourenco Goncalves hosted a fireside chat with US Trade Representative Katherine Tai and Acting Secretary of Labor Julie Su on Friday at the company’s plate mill in Coatesville, Pa.
Nippon agrees to sell Calvert stake, if USS deal closes
ArcelorMittal is set to take full ownership of AM/NS Calvert if Nippon Steel finalizes its pending acquisition of U.S. Steel.