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)

Steel Dynamics Inc. will acquire Mexican metals recycling business ROCA ACERO S.A. de C.V. ROCA's primary operations are comprised of four scrap processing facilities, strategically positioned near high-volume industrial scrap sources located throughout Central and Northern Mexico.

Mexico’s economy tracks with the fate of the U.S., but it retains characteristics and concerns all its own.

Nextracker and JM Steel, a division of JENNMAR USA, have launched a dedicated solar tracker production line on the campus of the new Steel Dynamics, Inc. facility near Corpus Christi, Texas. Nextracker launched a new facility with JM Steel to manufacture low-carbon tracker components for solar power plants throughout the Southern United States.

The chairman of the nation’s largest flat-rolled producer kicked off three-day FMA Annual Meeting with his take on the state of the steel industry.

Steel Dynamics Inc., Fort Wayne, Ind., has completed a major push downstream with the acquisition of minority equity interest in Houston’s New Process Steel. SDI has acquired 45 percent of the service center company.

The metals supply chain followed up the pandemic-dominated 2020 with a 12-month span that was even more unpredictable. Low stock levels were the rules for most metals warehouses.

Steel Dynamics Inc. believes Vietnam is engaged in circumvention of corrosion-resistant steel products, alleging the products are made from cold-rolled steel and hot-rolled steel substrates from Japan. The Fort Wayne, Ind.-based minimill company filed an application with the U.S. Department of Commerce asking for a probe into the claim.

Steel analysts see major correction coming, while industry players are far more optimistic the pricing slide will be more gentle.

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.