SDI, Wabash link up on 10-year supply deal
Wabash National and Steel Dynamics Inc. (SDI) have signed a 10-year supply agreement that secures “critical steel components” for Wabash’s growing operations, the company said in a press release.
Tag: Steel Dynamics Inc.
SDI sees return on recycling
With a surplus of ferrous scrap supply in the US, Steel Dynamics Inc. (SDI) said one key to maintaining costs is watching the price of conversion. When it comes to feeding electric arc furnaces (EAF), “Our Omni team is working very closely with us to make sure we have access to the right materials,” said […]
'Tis the season for fall maintenance outages
Fall is coming in North America, and with it, steel mills' regularly scheduled fall maintenance outages.
United Steel Supply to open Indiana processing facility
United Steel Supply plans to invest up to $10 million to open a steel processing and painting facility at the Ports of Indiana-Jeffersonville near Louisville, Ky.
Tampa Steel Conference is just around the corner
The 2024 Tampa Steel Conference is coming up soon after the kickoff of 2024. One of the premier steel conferences in the US, it will be a great complement to our record-breaking SMU Steel Summit this past August.
SDI sees lower Q4 earnings, but steel order activity 'solid'
Steel Dynamics Inc. (SDI) expects lower fourth-quarter earnings sequentially and on-year, though the company said “steel order activity remains solid.”
SDI Subsidiary OmniSource Buys Site Near Houston
Steel Dynamics Inc. (SDI) scrap subsidiary OmniSource has acquired a 55-acre rail-served tract near the Port of Houston to expand its metal recycling operations along the Gulf Coast.
SDI Doesn’t Rule Out Inorganic Growth M&A
On its third-quarter earnings conference call on Thursday, Oct. 19, Steel Dynamics Inc. executives did not rule out the possibility of ‘inorganic growth’ opportunities.
SDI To Commission Four Value-Add Lines Before End of Q1’24
Steel Dynamics Inc. provided an update on the four new coating lines it is adding to its Heartland flat rolled processing mill and Sinton sheet mill on its third-quarter earnings conference call with analysts on Thursday, Oct. 19.
SDI Posts Q3 Profit Drop on Lower Steel Prices
Steel Dynamics Inc. (SDI) reported a drop in third quarter profits on lower prices for flat-rolled steel as well as for fabricated products.
SDI Slates Four-Day Outage at Indiana Sheet Mill
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.
SDI Columbus Takes Unplanned Hot Mill Outage, Pulls Forward Planned One
Steel Dynamics Inc. (SDI) has lost some production this month at its sheet mill in Columbus, Miss., on a combination of planned and unplanned outages, according to sources familiar with the matter.
SDI to Provide Steel for Mercedes Plant in Alabama
Steel Dynamics Inc. (SDI) and Mercedes-Benz have signed an agreement for the automaker to source 50,000 metric tons of C02-reduced steel for its plant in Tuscaloosa, Ala.
SDI Sees Q3 Earnings Drop, Lower Flat-Rolled Tags to Hit Steel Ops
Steel Dynamics Inc. (SDI) said it expects third-quarter earnings to be lower than the previous quarter and also below the results posted a year earlier.
SDI Inks Pact to Supply Coil to Solar Firm
Steel Dynamics Inc. (Inc.) has entered into a long-term agreement with Array Technologies to provide a fixed supply of coil for the solar tracking equipment maker’s US projects.
HRC Futures: Post Price Drop, Options for Buyers and Sellers
Over the last month, SMU columns have referenced significant fluctuations in the Hot Rolled Coil Futures market as participants sift through the impact of several events, including some that are yet to be resolved.
Final Thoughts
I planned to write this column about some of the big themes we’ll be discussing at Steel Summit. That plan changed when U.S. Steel announced on Sunday afternoon that it was conducting a formal review of a sale of all or part of the company after receiving multiple unsolicited offers. It changed yet again when Cleveland-Cliffs said its offer for U.S. Steel had been rejected.
GSCC Releases Steel Climate Standard
The Global Steel Climate Council (GSCC) has officially published its Steel Climate Standard.
SDI’s Sinton Hot Mill is Back Up and Running
Steel Dynamics Inc.’s hot strip mill in Sinton, Texas, is back up and running after a month-long unplanned outage.
SDI to Collaborate on Wind Farm Project
Steel Dynamics, Inc. (SDI) has entered into a new partnership with a subsidiary of NextEra Energy Resources, LLC to produce 308 megawatts of energy from a wind farm project in Texas.
HRC Futures Continue on Roller Coaster
The US HRC Futures market has been on a roller-coaster ride since our last update (green). In early July, the front month futures contracts surged significantly as news of Steel Dynamics Inc.’s (SDI’s) Sinton, Texas, mill outage trickled through the market (blue).
HARDI Members Note Stable Demand
A stable market and steady lead times have led to decent demand, but companies are still keeping a close eye on where the market is headed, according HARDI members.
SDI Taking Advantage of Opportunities in Mexico
Fort Wayne, Ind.-based steelmaker Steel Dynamics Inc. is taking advantage of opportunities in the Mexican steel market and plans to continue doing so moving forward.
SDI Expects Sinton To Be Back Up in Next Few Days
The hot end of Steel Dynamics Inc.’s (SDI) Sinton, Texas, sheet mill is expected to be back up and running in the next few days.
SDI Posts Narrower Q2 Profit, Says Demand 'Remains Solid'
Steel Dynamics Inc. (SDI) posted lower year-over-year second quarter profits but said demand “remains solid” across the automotive, construction, industrial, and energy sectors. The Fort Wayne, Ind.-based steelmaker also predicted that steel prices might find support thanks to what it described as low customer inventories. “We remain confident that market conditions are in place for […]