In mid-August, SMU reported on the high influx of steel at the Port of Houston and logistic problems with storage and transportation. According to Port of Houston data, steel imports continue to be dramatically higher than comparable levels in 2013. Year to date import of steel in August was 4,133,698 tons, 40.3 percent higher than […]
Steel Dynamics announced net income of $72 million in second quarter 2014 on net sales of $2.1 billion. In comparison, second quarter 2013 net income was $29 million and sequential quarter net income was $39 million. Sales were 13 percent higher both year over year and sequentially. All reporting segments showed higher profitability after the […]
CHARLOTTE, N.C., May 9, 2014 /PRNewswire/ — Nucor Corporation announced today that Chad Utermark, Vice President and General Manager of Nucor-Yamato Steel Company, has been promoted to Executive Vice President of beam and plate products effective May 11, 2014. Joe Stratman, who has served as Executive Vice President of beam and plate products since 2007, will […]
Mark Millet, CEO of Steel Dynamics told those listening to the SDI earnings conference call that second half 2013 sheet pricing appreciation was assisted by raw material pricing (higher scrap prices) and some supply disruptions. However, the “…underlying appreciation was driven by demand.” He went on to state that “…it’s a little difficult to determine […]
If by chance you are celebrating the holidays on the North Coast you may catch a glimpse of the newest lake freighter, the Algoma Equinox as she slides in and out of port on the Great Lakes and its tributaries. The Algoma Equinox is the newest of a fleet of ships commissioned by Algoma Central […]