Columbus to target higher-value marts: SDI

Jul 22, 2014 | 06:39 PM | Michael Cowden

Tags  Steel Dynamics, SDI, Mark Millet, Richard Teets, Columbus, Miss., M&A, Severstal Severstal NA

CHICAGO — Steel Dynamics Inc. (SDI) will look to boost results when it takes control of the Columbus, Miss., mini-mill by expanding output of value-added products and continuing efforts to push into profitable energy and automotive markets, company executives said.

Under the Fort Wayne, Ind.-based steelmaker, the Columbus mill should also see shipments to Mexico grow exponentially as SDI looks to supply existing customers who also have operations south of the border, they said.

The big potential for moving into higher-value markets comes thanks to the Columbus mini-mill sporting two degassers, thick slab casting capability and advanced rolling technologies, president and chief executive officer Mark Millett said.

"That provides greater capability than our Butler (Ind.) facility to make high-end energy-pipe scalp and advanced, high-strength dual-phase auto grades," he said July 22 during SDI’s earnings conference call, noting that the Columbus mill will be able to make both heavier gauges and wider widths than SDI’s current flat-rolled mills.....

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