SDI targets rail as construction lags: Millett

Oct 19, 2012 | 03:29 PM | Michael Cowden

Tags  Steel Dynamics, SDI, Mark Millett, Columbia City facility, structural and rail, rail, SBQ, steel Michael Cowden

CHICAGO — Steel Dynamics Inc. (SDI) continues to boost production at its structural and rail division near Columbia City, Ind., as it looks to reduce the operation’s exposure to the "anemic" nonresidential construction sector.

The Columbia City facility has boosted capacity utilization to 54 percent this year despite doldrums in nonresidential construction, SDI chief executive officer Mark Millett said Thursday during a conference call with analysts following the release of the Fort Wayne, Ind.-based steelmaker’s third-quarter earnings results.....





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