Steel Dynamics' Capex Plans for 2020 Appear Unfazed by Tougher Market

SUGAR LAND--October 18, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--A sharp drop in its latest quarterly profits due to flagging steel prices and falling demand notwithstanding, executives with Steel Dynamics' (NASDAQ:STLD) (Fort Wayne, Indiana) say the company's capital expenditures for the year 2020 are likely to run between $1.2 billion and $1.3 billion dollars, with a big chunk of the money earmarked for a new steel mill project in Sinton, Texas. Industrial Info is tracking more than $2.4 billion dollars' worth of project activity by the steel producer.

Within this article: Sinton, Texas, 3 million-ton-per-year, flat-rolled, electric-arc-furnace (EAF) steel mill.