Mercedes-Benz has signed an agreement with Steel Dynamics Inc. to source more than 50,000 metric tons of CO2-reduced steel annually for its plant in Tuscaloosa, Ala. The agreement marks another crucial milestone toward decarbonizing its global steel supply chain, the German automaker said.

Array Technologies, a leader in utility-scale solar tracking solutions,, has signed a long-term agreement with Steel Dynamics to provide a fixed supply of coil for Array’s U.S. projects.

Steel Dynamics Inc., Fort Wayne, Ind., reported second-quarter net sales of $5.1 billion, down 18 percent compared with the same quarter of 2022. Net income totaled $812 million, up from the first quarter total of $637 million but a decline from the $1.2 billion posted in the second quarter of 2022.

Despite interest rate hikes, inflationary conditions and recession talk, the market for processing equipment remains robust. (Photo courtesy Braner USA)

Steel Dynamics’ new venture, Aluminum Dynamics, has broken ground on its $2.5 billion aluminum manufacturing plant in Lowndes County, Mississippi. The facility is the first nonferrous project for the Fort Wayne, Ind.-based steel minimill.

Toll Processors are counting on a more stable market in 2023, though economic threats still exist.

Steel Dynamics reported record net sales of $22.3 billion in 2022. Net income for the Fort Wayne, Ind.-based minimill company also came in at a record $3.9 billion.

Flat-rolled steel analysts see several warning signs ahead.

The strength in SBQ has outlasted the market for many steel products, but how long will it continue? (Photo courtesy Gerdau Special Steel NA)

After two tumultuous years in the metals space, 2022 approached the more traditional conditions of the past.

The steel supply chain hopes the pricing slide for hot-rolled coil has run its course.

?Friedman Industries has begun shipping material to customers from its newly constructed coil processing facility in Sinton, Texas. The new facility is a 70,000-square-foot building located on 26.6 acres leased from Steel Dynamics at the steelmaker’s flat-rolled steel campus.

Steel Dynamics will locate its first aluminum flat-rolled mill in Columbus, Miss., near its existing flat-rolled steel mill. Columbus was chosen given its location within the targeted Southeast market.

Service center panel offers thoughts on the industry during Day 3 of August’s Steel Summit.

Optimism comes in many forms, and I saw a lot of it since the last time I filled this space. In August, at the Steel Summit, the glass-half-full types dramatically outnumbered the pessimists. And not just from the usual suspects.

Two years of supply challenges and pricing run-ups may be giving way to a more traditional market for nonferrous products. (Photo courtesy SAF)

Steel Dynamics Inc. will build and operate a 650,000-metric-ton aluminum flat-rolled mill, plus two supporting satellite recycled aluminum slab centers. The mill will produce low-carbon aluminum from recycled material.

Record profits and robust demand from customers have service centers keeping equipment makers extremely busy in the early days of 2022. (Photo courtesy Butech Bliss)