The production ramp-up at Steel Dynamics Inc's (SDI) planned $1.9 billion Sinton, Texas, flat-rolled mill has been pushed back due to heavy flooding in the state.
SDI detailed the delay in its second-quarter earnings statement.
"Due to the excessive heavy rains in Texas, actual steel production will be delayed and is now planned to start mid-fourth quarter 2021," says CEO Mark Millett.
Sinton's shipments are expected to be around 100,000 short tons in 2021, rising to 2.2-2.4m st in 2022. When it's fully up-and-running - with its companion four $450-500m galvanizing lines-the plant will contribute $475-525m to the company's annual earnings before interest, taxes, depreciation, and amortization.
One flat-rolled buyer points to the delay as a possible trigger for another run in hot-rolled pricing. Momentum appears to have paused around the $1,800/st point, but many buy-side sources believe mills will shoot for a list price of $2,000/st by year-end.
Millett ended his statement on capital investments by touching on sustainability, though he did not directly link the catastrophic Texas flooding with the company's environmental goals.
"We recently announced greenhouse gas reduction and renewable energy goals, including a goal for our steel mills to be carbon neutral by 2050,"he says, echoing commitments made by other North American steelmakers and global governments. "We are starting from a position of strength yet plan to do more."
Short comments: Recently, China's Zhejiang province also ushered in a strong typhoon, resulting in many places of waterlogging, even debris flow, in the humid environment, we will do more protection of galvanized products, will continue to improve the quality of galvanized, to ensure the practicality of products.
The Temperature Of The Spray Room And Drying Room Should Be Strictly ControlledJuly 4, 2022With the constant change of temperature and humidity, the evaporation rate of water will also be affected by the temperature and produce a certain degree of fluctuation, so the relevant personnel only...view
Crimping toolApril 21, 2023After the product is loaded into the metal packaging container, the packaging container needs to be sealed, and the quality of the sealing plays an important role in the packaging function. Liquid spi...viewThe 2021 Transport Packaging Technology Organization Annual MeetingJune 30, 2022The 2021 Transport Packaging Technology Organization Annual Meeting was successfully held in Huzhou city, Zhejiang Province on September 28-29, 2021.This annual conference is co-hosted by the Internat...viewPrecautions for Using an Open Steel BarrelNovember 10, 2023Basic requirementsBefore using the drum, fully understand the properties and condition of the contents to be contained.In the case of improving the contents or packaging new products, carefully inspec...view![[Industry Outlook] In 2021, The Global Packaging Demand Will Break The 1 Trillion Mark, And China Will Still Be The Fastest Growing Country in The Next Five Years](/uploads/image/20220630/14/china-will-still-be-the-fastest-growing-country-in-the-next-five-years_400x400.jpg)
[Industry Outlook] In 2021, The Global Packaging Demand Will Break The 1 Trillion Mark, And China Will Still Be The Fastest Growing Country in The Next Five YearsJune 30, 2022After a slowdown in 2020, the global packaging market returned to steady growth in 2021 as COVID-19 disrupted several end-use industries. According to smithers's latest study, The Future of Global...view
The Process of the Drum flangeMay 26, 2023The production process is mainly divided into forging, casting, cutting, rolling these four kinds. (1) Casting flange and forging flangeCasting out of the flange, blank shape size is accurate, process...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
