Steel Mills
SDI's Millett wins Korf/Iverson Steel Vision Award
Written by Ethan Bernard
June 18, 2024
Steel Dynamics Inc.’s (SDI’s) top executive, Mark D. Millett, has received the 2024 Willy Korf/Ken Iverson Steel Vision Award.
The award honors leaders who have made noteworthy contributions to the steel industry, while at the same time promoting goodwill and integrity.
“Mark has driven meaningful innovation and growth in the steel industry throughout his career, and has led transformational strategic growth at Steel Dynamics,” Theresa E. Wagler, SDI EVP and CFO, said in a statement on Tuesday.
Millett co-founded Steel Dynamics in 1993. He has been CEO since January 2012 and was named chairman of the board in May 2021.
He has helped guide SDI to its current status “as a leading industrial metals solutions company with over 12,000 team members,” the company said.
“We are incredibly proud of him and this peer recognition regarding his industry contributions,” Wagler added.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.
AISI: Raw steel production edges back up
Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.
Cliffs closes its 2024 HR spot book
Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.
Algoma changing fiscal year end to Dec. 31
Canada’ Algoma Steel has announced a change in its fiscal year end from March 31 to Dec. 31.
ArcelorMittal Q3 earnings down, still recovering from Mexico strike
ArcelorMittal’s earnings saw notable declines from a year earlier as the company said market conditions remain challenging.