SDI’s rail, SBQ expansions on time: Millett

Apr 23, 2013 | 04:16 PM | Corinna Petry

Tags  Steel Dynamics Inc., SDI, Capacity expansions, SBQ, special quality bar products, standard and premium rail, Mark Millet, Dick Teets Thersa Wagler

CHICAGO — Steelmaker Steel Dynamics Inc. is making progress toward adding production capacity for both special bar quality (SBQ) and rail products, executives say.

A mill expansion at SDI’s Pittsboro, Ind., facility will add 325,000 tons of smaller-diameter engineered bar products, president and chief executive officer Mark D. Millett told investors during an April 18 earnings call.

"This project will make our facility the largest single-site supplier of engineered and SBQ bars in North America with an annual production capacity of 950,000 tons," Millet said, adding that the project is on schedule, on budget and will be commissioned in the fourth quarter without material interruption to current operations.....

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