SDI eyes premium rail as demand expected to rise

Oct 23, 2013 | 05:28 PM | Corinna Petry

Tags  Steel Dynamics, SDI, steel rails, premium head-hardened rail, standard strength rail, mill upgrade, Mark Millett, Richard Teets rail imports

CHICAGO — Steel Dynamics Inc. (SDI) executives expect a long-awaited improvement in steel rail demand to happen in the near term.

"Based on recent investment plans announced by major North American rail consumers, we believe the domestic rail market could grow meaningfully in the coming years," president and chief executive officer Mark D. Millett said during an earnings conference call.

Fort Wayne, Ind.-based SDI will commission new premium rail production equipment by year-end, with product testing through the first quarter of 2014. Previously tested material "has been enthusiastically received by several domestic (Class I) railroads," he said.....

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