Steel Mills
May 15, 2018
SDI to Acquire CSN Heartland in Indiana
Written by Sandy Williams
Steel Dynamics has announced it will acquire CSN Heartland from CSN Steel, a wholly-owned subsidiary of Companhia Siderurgica Nacional, for $400 million, subject to regulatory approval. SDI expects to close the transaction by the end of third-quarter 2018.
Heartland, located in Terre Haute, Ind., produces hot rolled pickled and oiled steel, cold rolled and galvanized products. The mill has the capability to produce 1.0 million tons of cold rolled steel and 360,000 tons of galvanized steel. The facility has been operating at low utilization, primarily focusing on galvanized products. Heartland’s continuous pickling line, cold mill and galvanizing line have been upgraded, well-maintained, and are in excellent operating condition, said SDI.
