New $1.9 Billion Steel Mill to Serve Both U.S., Mexican Markets

SUGAR LAND--July 24, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--The old real estate maxim of "location, location, location" can easily be applied to Steel Dynamics' (NASDAQ:STLD) (Fort Wayne, Indiana) decision to build a 3 million-ton-per-year, flat-rolled, electric-arc-furnace (EAF) steel mill in Sinton, Texas. The placement of the $1.9 billion mill will enable it to serve markets in both Mexico and the U.S., and to compete more effectively with steel imports, company executives said Tuesday. Steel Dynamics was studying five sites in the Southwest before announcing a final decision this week.

Within this article: Steel Dynamics' 3 million-ton-per-year steel mill project.