Small-scale expansions on deck for SDI, execs say

Oct 18, 2012 | 03:51 PM | Chris Prentice

Tags  Steel Dynamics Inc., SDI, Omnisource, Mark Millet, Russ Rinn, capital expenditures, M&A activity, Chris Prentice

NEW YORK — Steel Dynamics Inc. anticipates about $150 million in capital expenditures in 2013, and while most of the outlay will go to underwrite already-scheduled projects, there may be room for smaller-scale merger-and-acquisition activity, executives said.

On the materials side, for example, the scrap market could see some consolidation due to the slim margins and price volatility of recent months. "Certainly, the pressure on scrap markets and scrap suppliers has been difficult," Russ Rinn, president and chief operating officer of SDI’s OmniSource Corp. subsidiary, said during....

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