Steel Dynamics receives permission for expansion

Steel Dynamics receives permission for expansion

The Indiana Department of Environmental Management (IDEM) has granted an environmental permission to Steel Dynamics Inc. (SDI) that will allow the company to start expansion and modification of its bar steel mill in Pittsboro, which was acquired by the company earlier this year. The officials from bar products division of SDI state that adding space for the new equipments will enable the plant to produce wide range of bars and the construction in Pittsboro mill will begin immediately. The expansion project will cover a new rolling mill, straightening and stacking equipment, a new finished-products-distribution warehouse, new scrap bay and scrap handling facilities and other upgrading equipments, that will cost around $75 million. Steel Dynamics plans to begin production of special-bar-quality products early 2004 and production of merchant bar products in Q2 of 2004. Targeted annual bar capacity is expected to be between 500'000 and 600'000 tons. However, it is stated that the plant will not be able to achieve these volumes before 2005.