Steel Dynamics sees 80% utilization at flat steel mills [Seeking Alpha]
Steel Dynamics, Inc. (STLD)
Last steel dynamics, inc. earnings: 4/20 06:00 pm
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Source: Seeking Alpha
Steel Dynamics sees 80% utilization at flat steel millsApr. 21, 2020 3:52 PM ET|Steel Dynamics, Inc. (STLD)Carl SurranSteel Dynamics (-1.2%80% utilization through MayThe company has flat-rolled mills in Butler, Ind., and Columbus, Miss., with a combined capacity of 6.4M st/year of flat-rolled steel products, or 17.5K st/day, which would be lowered to slightly more than 14K st/day at 80% capacity, Argus reports.Steel Dynamics currently plans to move ahead with construction of the $1.9B, 3M st/year Sinton, Tex., flat-rolled steel mill but may need to delay the project if market conditions change, Millett told today's earnings conference call.Sinton has one customer commitment and another near a final decision, with both representing 800K st/year of consumption, Millett said, adding that another four potential steel customers representing at least another 200K st/year are looking into placing businesses near the mill.The CEO expects lower industrial scrap flows due to coronavirus-
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STLD
News
- Steel Dynamics (NASDAQ:STLD) had its price target raised by analysts at JPMorgan Chase & Co. from $165.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
- Steel Dynamics (STLD) Gains as BofA Updates Coverage for North American Metals Stocks [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics (STLD) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics Completes Acquisition of the Remaining 55% Ownership Interest in New Process Steel [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics Completes Acquisition of the Remaining 55% Ownership Interest in New Process SteelPR Newswire
STLD
Earnings
- 10/20/25 - Beat
STLD
Sec Filings
- 12/2/25 - Form 8-K
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- STLD's page on the SEC website