0001104659-17-044234.txt : 20170710 0001104659-17-044234.hdr.sgml : 20170710 20170710135801 ACCESSION NUMBER: 0001104659-17-044234 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170705 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170710 DATE AS OF CHANGE: 20170710 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEEL DYNAMICS INC CENTRAL INDEX KEY: 0001022671 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 351929476 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21719 FILM NUMBER: 17957286 BUSINESS ADDRESS: STREET 1: 7575 W JEFFERSON BLVD CITY: FORT WAYNE STATE: IN ZIP: 46804 BUSINESS PHONE: 260 459 3553 MAIL ADDRESS: STREET 1: 7575 W JEFFERSON BLVD CITY: FORT WAYNE STATE: IN ZIP: 46804 8-K 1 a17-17065_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported) July 5, 2017 (July 10, 2017)

 

STEEL DYNAMICS, INC.

(Exact name of registrant as specified in its charter)

 

Indiana

 

0-21719

 

35-1929476

(State or other jurisdiction

 

(Commission File Number)

 

(IRS Employer

of incorporation)

 

 

 

Identification No.)

 

7575 West Jefferson Blvd, Fort Wayne, Indiana 46804

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code:  260-969-3500

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 



 

Item 8.01.  Other Events.

 

On July 5, 2017, Steel Dynamics, Inc. issued a press release titled “Steel Dynamics Structural and Rail Division Increases Production Capability and Diversifies Product Offerings.” A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01.  Financial Statements and Exhibits.

 

(d) Exhibits.

 

The following exhibit is filed with this report:

 

Exhibit Number

 

Description

 

 

 

99.1

 

A press release dated July 5, 2017, titled “Steel Dynamics Structural and Rail Division Increases Production Capability and Diversifies Product Offerings.”

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereto duly authorized.

 

 

 

 

STEEL DYNAMICS, INC.

 

 

 

 

 

/s/Theresa E. Wagler

 

 

 

Date: July 10, 2017

By:

Theresa E. Wagler

 

Title:

Executive Vice President and Chief Financial Officer

 

2


 

EX-99.1 2 a17-17065_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Press Release

July 5, 2017

 

 

 

7575 W. Jefferson Blvd.

 

Fort Wayne, IN  46804

 

Steel Dynamics Structural and Rail Division Increases Production Capability and

Diversifies Product Offerings

 

FORT WAYNE, INDIANA, July 5, 2017 / PRNewswire / Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced the expansion of its Structural and Rail Division located in Columbia City, Indiana.  The $75 million expansion will utilize excess melting and casting capability and further diversify its product portfolio and market sector exposure.

 

This project provides for the annual production of 240,000 tons of reinforcing bar in various sizes with product sales including coiled, custom cut-to-length and smooth bars in sizes from #3 to #8 reinforcing bars.  The size offerings represent approximately 70% of 2016 total domestic reinforcing bar consumption.  Upon completion, the expansion is expected to add approximately 33 local jobs.

 

“We are excited to announce this growth initiative,” said Mark D. Millett, President and Chief Executive Officer.  “This investment will further expand our Structural and Rail Division’s product offerings and capability in a very capital efficient manner.  Additionally, we will be the largest independent rebar supplier in the region, not competing with our new customer base, which we believe will be received positively.  We believe our intended business model could provide meaningful time and yield-loss savings for the customer, while also providing working capital benefits.  This project complements the recently announced addition of 200,000 tons of reinforcing bar capacity at our Roanoke Bar Division, which is expected to begin operating at the end of 2017.”

 

The project entails the addition of a rolling mill, supported by certain other equipment and infrastructure requirements.  Subject to the anticipated receipt of necessary permits, which the company expects to be forthcoming in short order, and the receipt of state and local government support, the project is scheduled to be completed during the fourth quarter 2018.

 

About Steel Dynamics, Inc.

 

Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico.  Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck.  In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

 

Forward-Looking Statements

 

This press release contains some predictive statements about future events, including statements related to conditions in the steel and metallic scrap markets, Steel Dynamics’ revenues, costs of purchased materials, future profitability and earnings, and the operation of new or existing facilities. These statements, which we generally precede or accompany by such typical conditional words as “anticipate,” “intend,” “believe,” “estimate,” “plan,” “seek,” “project” or “expect,” or by the words “may,” “will,” or “should,” are intended to be made as “forward-looking,” subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) the effects of uncertain economic conditions; (2) cyclical and changing industrial demand; (3) changes in conditions in

 



 

any of the steel or scrap-consuming sectors of the economy which affect demand for our products, including the strength of the non-residential and residential construction, automotive, appliance, pipe and tube, and other steel-consuming industries; (4) fluctuations in the cost of key raw materials (including steel scrap, iron units, and energy costs) and our ability to pass-on any cost increases; (5) the impact of domestic and foreign import price competition; (6) unanticipated difficulties in integrating or starting up new or acquired businesses; (7) risks and uncertainties involving product and/or technology development; and (8) occurrences of unexpected plant outages or equipment failures.

 

More specifically, we refer you to Steel Dynamics’ more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our quarterly reports on Form 10-Q or in other reports which we from time to time file with the Securities and Exchange Commission. These are available publicly on the SEC website, www.sec.gov, and on the Steel Dynamics website, www.steeldynamics.com: Investors: SEC Filings.

 

Contact:  Tricia Meyers, Investor Relations Manager— +1.260.969.3500

 


GRAPHIC 3 g170651mmi001.jpg GRAPHIC begin 644 g170651mmi001.jpg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