Steel Mills
SDI Slates Four-Day Outage at Indiana Sheet Mill
Written by Michael Cowden
October 12, 2023
Steel Dynamics Inc. (SDI) plans to take a four-day outage at its sheet mill in Butler, Ind., according to sources familiar with the matter.
The outage will begin on Sunday, Oct. 15. It comes on the heels of an outage at the steelmaker’s sheet mill in Columbus, Miss.
SDI is just one of several domestic mills taking maintenance outages. Also, U.S. Steel last month idled steelmaking operations at its Granite City Works near St. Louis.
Lead times have stretched out because of those issues. They have also stretched out because mill price increases last month spurred more buying activity, market participants said.
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.
USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.
SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.
POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.
CRU: Tata Steel looks to shed 1,600 jobs in the Netherlands
The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."