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Steel Dynamics to upgrade, add galvanizing line at Mississippi mill

Published 06/26/2018, 03:55 PM
© Reuters.  Steel Dynamics to upgrade, add galvanizing line at Mississippi mill
STLD
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  • Steel Dynamics (STLD +0.8%) says it will expand its flat roll mill in Columbus, Miss., by adding a third galvanizing line and making other upgrades to increase value-added production capability.
  • STLD says it plans to spend $140M to add a third galvanizing line at the facility, giving it a total of nine in the eastern U.S. with a coating capacity of 3.8M st/year once completed, which will grow to 4.2M st/year once its acquisition of an Indiana mill closes this year.
  • STLD also expects to spend $90M-$100M to upgrade process lines and hot strip mill capability at Columbus in order to increase higher-margin production capabilities.
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