Steel Dynamics Expects $1.5 Billion in Capex for 2023

January 31, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--After reporting record financial results for 2022, Steel Dynamics Incorporated (NASDAQ:STLD) (Fort Wayne, Indiana) announced last week it plans to spend $1.5 billion on capital projects in 2023, up from $909 million last year, the majority of which is allocated for the completion of four flat-rolled coating lines as well as aluminum projects. Industrial Info is tracking $2.9 billion worth of active projects from Steel Dynamics in North America.