6.6
7.028
7.045
5.623
7.7
7.65
6.384
7
7.6
5.762
7.2
5.883
7.1
6.105
6.8
Steel Dynamics GudangMovies21 Rebahinxxi LK21
Steel Dynamics, Inc. (SDI) is an American steel producer based in Fort Wayne, Indiana. With a production capacity of 13 million tons of steel, the company is the third largest producer of carbon steel products in the United States. It is among the most profitable American steel companies in terms of profit margins and operating margin per ton. Based on its 2021 revenue, the company ranked 196th on the 2022 edition of the Fortune 500.
History
Steel Dynamics was founded in 1993 by three former executives of Nucor with $370 million in funding. It began production at its $275 million Butler, Indiana, flat roll mill in 1996 and reported its first annual profit in 1997.
During the early 2000s recession, the company offered many incentive programs for employees to cut costs and improve standards and outperformed most other steel manufacturers.
In 2007, the company acquired The Techs, three hot-dip galvanization plants in Pittsburgh that coat flat-rolled steel, and OmniSource Corporation, a scrap metal processor and trader.
In 2014, the company acquired Severstal Columbus for $1.625 billion. The acquisition increased the company's production capacity to 11 million tons.
In 2016, the company acquired Vulcan Threaded Products for $126 million.
In 2016, the company began construction of a $100 million facility in Columbus, Mississippi.
In 2017, the company began a $28 million expansion of its Roanoke Bar Division.
In 2017, the company began a $75 million expansion of its Structural and Rail Division.
In 2018, the company acquired the former Kentucky Electric Steel plant in Coalton, Kentucky.
in 2020, production for the Sinton,TX facility commenced. It is a 2,400-acre complex which is supposed to also house several other businesses who work with SDI in other cities. 3,000 jobs should be created when complete.
Controversies
= Clean Air Act violation settlement
=
In 2021, the company agreed to pay $475,000 in civil penalties and spend $3 million to upgrade air pollution control equipment to reduce air emissions at its facilities in Butler, Indiana. Following on-site inspections, the United States Environmental Protection Agency accused Steel Dynamics of violating the Clean Air Act of 1963.
= Price-fixing allegations
=
The company was accused in a lawsuit of participating in a conspiracy with other steel manufacturers to restrict steel production in 2008. In October 2016, the company settled the case, agreeing to pay $4.6 million.
See also
List of steel producers
Further reading
Richard Sarver - Taking the Heat - A Steelworker's Story (2012)
References
External links
Official website
Business data for Steel Dynamics, Inc.:
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Steel Dynamics | Steel Dynamics
Our steel operations produce steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished …
Our Company - Steel Dynamics
Steel Dynamics is one of the largest and most diversified domestic steel producers and metals recyclers in the United States, with an estimated steelmaking and coating capacity of …
Careers New - Steel Dynamics
Steel Dynamics’ robust internship program offers hands-on, challenging projects in a fast-paced work environment. We will challenge your education and expertise while providing guidance …
Steel Dynamics - Wikipedia
Steel Dynamics, Inc. (SDI) is an American steel producer based in Fort Wayne, Indiana. With a production capacity of 13 million tons of steel, the company is the third largest producer of …
Steel Dynamics, Inc. (STLD) - Yahoo Finance
Find the latest Steel Dynamics, Inc. (STLD) stock quote, history, news and other vital information to help you with your stock trading and investing.
Steel Dynamics | Steel Dynamics
6 days ago · Steel Dynamics Corporate Office (260) 969-3500 7575 West Jefferson Boulevard Fort Wayne, Indiana 46804
Steel Dynamics | Long Products Steel Group
Steel Dynamics offers one of the industry's most diverse product lineups and end-market portfolios in the United States. Our Flat Roll Steel Group produces sheet steel products; New …
Steel Dynamics Reports Fourth Quarter and Annual 2024 Results
Jan 22, 2025 · Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced fourth quarter and annual 2024 financial results. The company reported fourth quarter 2024 net sales of $3.9 …
Steel Dynamics, Inc. - Home
Our state-of-the-industry facility is located at Pittsboro, Indiana, just west of Indianapolis. Since we opened our doors in 2004, we’ve become one of America’s preeminent suppliers of special-bar …
Rhumbline Advisers Sells 4,623 Shares of Steel Dynamics
1 day ago · Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold …
