Steel Dynamics Provides Strategic Growth Update Regarding its Flat Roll Steel Operations
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FORT WAYNE, Ind., April 15, 2021 /PRNewswire/ -- Today Steel Dynamics, Inc. (NASDAQ/GS: STLD) provided a strategic update concerning its ongoing and new flat roll steel growth initiatives.
"We are incredibly excited about the progress being made at our Sinton Texas EAF Flat Roll Steel Mill," stated Mark D. Millett, President and Chief Executive Officer. "Sinton represents transformational growth for Steel Dynamics and long-term value creation for our teams, communities, customers, and investors. Given the success of our Sinton construction team, we are planning to add two additional value-added flat roll coating lines more quickly than originally planned. The site is yet to be determined but it will be located in the Southern U.S., to provide Sinton with similar diversification and higher-margin product capabilities as our Butler and Columbus Flat Roll Steel divisions.