Steel Products
May 15, 2018
SDI to Acquire CSN's Indiana Steel Mill
Written by John Packard
On Monday, Steel Dynamics announced the acquisition of the CSN Heartland flat rolled steel mill in Terre Haute, Ind. The purchase was reported to be for $400 million in cash. The CSN plant has the ability to roll 1 million net tons of cold rolled and to coat approximately 360,000 net tons of galvanized.
Steel Dynamics, Inc., announced that it has entered into a definitive agreement to acquire Companhia Siderurgica Nacional, LLC (“Heartland”) from CSN Steel, S.L.U., a wholly-owned subsidiary of Companhia Siderurgica Nacional. Heartland produces various types of higher-margin, flat roll steel by further processing hot roll coils into pickle and oil, cold roll and galvanized products. Steel Dynamics believes the $400 million purchase price approximates current replacement value. The acquisition will expand Steel Dynamics’ annual flat roll steel shipping capacity to 8.4 million tons and total shipping capability to 12.4 million tons. The additional exposure to wider, lighter-gauge flat roll steel offerings will broaden SDI’s value-added product portfolio, the company said.
