SDI said mulling Gallatin Steel acquisition

Aug 25, 2014 | 10:05 AM | Michael Cowden

Tags  Gallatin Steel, Steel Dynamics, SDI, Cia. Siderúrgica Nacional, The Techs, hot-rolled, cold-rolled full-hard substrate, U.S. Steel Severstal

CHICAGO — Steel Dynamics Inc. (SDI) is mulling an acquisition of electric-arc furnace hot-rolled coil producer Gallatin Steel Co., according to market sources.

The Fort Wayne, Ind.-based steelmaker has a slightly dampened but still strong appetite for acquisitions despite its deal to buy Dearborn, Mich.-based Severstal North America Inc.’s mini-mill in Columbus, Miss., for $1.6 billion (amm.com, July 21), market sources said.

But while SDI is kicking the tires at Ghent, Ky.-based Gallatin, it has yet to look under the hood to do full due diligence, they said, and at least one other domestic steelmaker also may be in the running for Gallatin.....





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