SDI not concerned about SBQ supply glut
Apr 20, 2012 | 03:35 PM
| Corinna Petry
Tags
Steel Dynamics,
Mark Millett,
Dick Teets,
special bar quality,
SBQ,
corinna petry
CHICAGO — Executives at Steel Dynamics Inc. (SDI), one of a handful of U.S. mills planning to boost output of special bar quality (SBQ) in the next two years, aren’t worried about a potential supply glut or price war.
"Based on our customer outlooks, demand for our engineered bar products will remain strong," Mark Millett, president and chief executive officer, told investors during the Fort Wayne, Ind.-based company’s quarterly conference call Thursday.
SDI expects to capture more of that anticipated strong demand when it completes a $76-million expansion at its Pittsboro, Ind., mill that will lift rolling capacity 52 percent to 950,000 tons annually and equip the plant to roll product below 35⁄8 inches in diameter. ....
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