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STLD

Steel Dynamics

$31.55 /

+0.09 (+0.29%)

17:03
07/22/19
07/22
17:03
07/22/19
17:03

Steel Dynamics announces planned new flat roll steel mill site selection

Steel Dynamics announced the selection of Sinton, Texas, as the site for the company's previously announced new state-of-the-art, electric-arc-furnace, EAF,flat roll steel mill. Sinton is located approximately 30 miles Northwest of the port of Corpus Christi, Texas. Sinton is strategically located within the targeted Southwest U.S. and Mexico market regions, bringing numerous competitive customer and raw material advantages to the project. Final determination is still subject to the anticipated receipt of necessary permits and continued state and local government support, which the company expects to be forthcoming. "We are extremely excited to announce our selection of Sinton as the site for our next-generation, new flat roll steel mill investment," said Mark. D. Millett, President and Chief Executive Officer. "We are eager to join the Sinton community, and we appreciate the warm welcome and support that we have received from them, Governor Abbott and the State of Texas, as well as local leaders from San Patricio County, the City of Sinton, and the Sinton Independent School Board. We thank them for their trust, shared vision, and support for this important strategic investment. We anticipate the project will create approximately 600 well-paying positions, and abundant opportunities for indirect job growth from customers and other support service providers, bringing meaningful economic growth to the surrounding communities.

  • 23

    Jul

  • 06

    Aug

STLD Steel Dynamics
$31.55 /

+0.09 (+0.29%)

06/27/19 Deutsche Bank
Deutsche Bank places 'Catalyst Call' buy on Steel Dynamics
06/26/19 Jefferies
Nucor flat rolled price increase likely to help sentiment, says Jefferies
05/30/19 Deutsche Bank
Steel Dynamics downgraded to Hold from Buy at Deutsche Bank
05/30/19 Deutsche Bank
Steel Dynamics downgraded to Hold from Buy at Deutsche Bank

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Reported by Bloomberg.

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