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.

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.