UPDATE 1-Steel Dynamics to Expand Capacity at Pittsboro Mill-Shanghai Metals Market

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UPDATE 1-Steel Dynamics to Expand Capacity at Pittsboro Mill

Industry News 09:54:43AM Feb 17, 2012 Source:SMM

Feb 16 (Reuters) - Fifth-largest U.S. steelmaker Steel Dynamics said it was expanding its Pittsboro, Indiana mill's annual production capacity by 52 percent.

The expansion, which is expected to cost about $76 million, is scheduled to be completed in the second half of 2013. It is expected to increase the mill's production capacity to 950,000 tons from 625,000 tons.

The company's shares were up 2 percent at $15.22 in early trading on the Nasdaq.

 

Key Words:  Steel Dynamics  steel 

UPDATE 1-Steel Dynamics to Expand Capacity at Pittsboro Mill

Industry News 09:54:43AM Feb 17, 2012 Source:SMM

Feb 16 (Reuters) - Fifth-largest U.S. steelmaker Steel Dynamics said it was expanding its Pittsboro, Indiana mill's annual production capacity by 52 percent.

The expansion, which is expected to cost about $76 million, is scheduled to be completed in the second half of 2013. It is expected to increase the mill's production capacity to 950,000 tons from 625,000 tons.

The company's shares were up 2 percent at $15.22 in early trading on the Nasdaq.

 

Key Words:  Steel Dynamics  steel