October 07, 2008

SDI’s new structural mill to start in May

Purchasing.com reported that the new medium structural steel mill at the Steel Dynamics plant in Columbia City in Indian state of US will start operations in May instead of January because of late delivery of equipment.

The new mill will have the capability of rolling some of the lighter-weight beams now being made at SDI's existing sections and rail mill as well some new light structural steels.

Mr Keith Busse CEO of SDI said that SDI managers expect continued strength in structural steels from continued North American investment in infrastructure, in institutional, industrial and distribution buildings, and energy projects.”

He however acknowledged that “There are risks related to possible further deterioration in the US economy and to specific steel consuming sectors, but we believe the steel markets should strengthen in 2008 even without significant improvement in the U.S. economy.”