Press release
Sinton Texas Flat Roll Steel Mill Hot Mill Restart
FORT WAYNE, Ind., Aug. 1, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced the successful restart on July 28, 2023, of the hot mill
About this update from Steel Dynamics, Inc.
[{"type":"text","content":"FORT WAYNE, Ind., Aug. 1, 2023 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced the successful restart on July 28, 2023, of the hot mill at its Sinton Texas Flat Roll Steel Mill after an unplanned outage began on July 1, 2023. The outage related to caster shear equipment issues, which the team has successfully addressed. The company continued to operate Sinton's cold mill and downstream value-added flat rolled steel coating lines during the outage.\nAbout Steel Dynamics, Inc.\nSteel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.\nForward-Looking Statements\nThis press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals market places, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as \"anticipate\", \"intend\", \"believe\", \"estimate\", \"plan\", \"seek\", \"project\", or \"expect\", or by the words \"may\", \"will\", or \"should\", are intended to be made as \"forward-looking\", subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out different...