Steel Dynamics CEO: “It’s Going to Be a Great Year!”

Steel Dynamics Inc. had a stellar first quarter and looks forward to its new Sinton, Texas, mill beginning production later this summer. The $1.9 billion EAF mill is designed with production capabilities that will compete with traditional integrated steel producers, providing a differentiated product portfolio with a climate-conscious focus, SDI said.

Four customers have committed to onsite fabrication, producing a wide range of light- and heavy-gauge products for auto and pipe consumers. Talks continue with other customers who hope to locate near the mill. In total, they will account for about 1.4 million tons of the new mill’s volume, the company reported during its earnings call Tuesday.