Steel Dynamics Inc. has made one of its largest downstream pushes yet with the acquisition of 45 percent of the service center company New Process Steel. The Houston-based New Process Steel is a metals solutions and distribution supply-chain management company headquartered with a focus toward growing its value-added manufacturing applications.

On the path to carbon neutrality, Steel Dynamics is targeting a 20 percent Scope 1 and Scope 2 combined greenhouse gas emissions intensity reduction across its EAF steel mills by 2025 and a 50 percent reduction by 2030, compared to a 2018 baseline. Additionally, the company plans to increase the use of renewable electrical energy for its EAF steel mills to 10 percent by 2025 and 30 percent by 2030.

Prices for flat-rolled steel products have been on a relentless uptrend for the past nine months, reaching their highest levels in contemporary history. Steel Market Update reported a new all-time high for hot-rolled coil of $1,500 per ton in the first week of May ...

Chesterfield, Mo.-based Bull Moose Tube Company, a Caparo Bull Moose subsidiary, is building a 350,000-ton-per-year HSS and sprinkler pipe mill on Steel Dynamics’ new Sinton, Texas, flat-rolled campus.

Richard Marabito was elected board chairman for the Metals Service Center Institute during the trade group’s virtual annual meeting. Marabito, the CEO of Cleveland-based Olympic Steel, replaces outgoing chairman Eddie Lehner, president and CEO of Ryerson, Chicago.

Friedman Industries will construct a new coil processing facility in Sinton, Texas. Steel Dynamics has invited Friedman to locate the facility on the campus of the new 3-million-ton flat-rolled mill.

The Mexican steel supply chain looks to get past COVID and USMCA drama and return to a period of strong growth.

Steel Dynamics will construct two new coating lines in the Southern United States in conjunction with its new flat-rolled mill in Sinton, Texas. The lines had been planned by SDI, but the company is moving up the timetable on their construction.

Steel Dynamics targets mid-2021 opening for its 3 million ton flat-rolled steel mill in Texas.

Ferrous85 Co. will install and operate the largest slitting line in North America at Steel Dynamics’ new Sinton, Texas, facility, the company says. Ferrous85 will provide SDI and its customers toll slitting of hot-rolled and hot-rolled pickled and oiled material.

Steel Dynamics, Inc., Fort Wayne, Ind., reported fourth-quarter net sales of $2.6 billion. Sales were up 10.6 percent from the same quarter in 2019, and up 11.6 percent from the prior quarter.

Steel Dynamics President and CEO Mark Millett has been elected chairman of the Steel Manufacturers Association. The SMA is the leading trade group for electric arc furnace steelmaking.

A promising year for the industrial economy was turned on its head by the biggest public health crisis the globe has seen in more than a century.

Paragon Steel, on the campus of Steel Dynamics Inc. in Butler, Ind., is a leading Midwestern distributor and processor of hot-rolled, cold-rolled and coated flat-rolled steel. The facility is adding a new ultra high-strength Braner/Loopco slitting line. The installation will be complete by the end of the first quarter. The new line will be Paragon’s fourth slitting line at the company’s Plant One.

Tex-Isle Inc. will open a new ERW tubular mill in Robstown, Texas, in the third quarter. The facility will be adjacent to Tex-Isle’s existing OCTG heat treating, inspection and threading facility.

Unity Aluminum, Ashland, Ky., has appointed Barry Schneider to its board of directors, effective January 1. Schneider has decades of experience in the metals industry, including mill startups. He serves as senior vice president - Flat Roll Group for Steel Dynamics, Inc.

Steel Dynamics Inc., Fort Wayne, Ind., has made its leadership appointments for the company’s new Southwest-Sinton Flat Roll Steel division and its Columbus operation.

The strong market conditions for steel producers that marked the end of 2020 will soon run headlong into new and returning capacity.