Steel Dynamics Nears Finish Line for Texas Steel Mill, Expects $750 Million Capex for 2022

SUGAR LAND--October 20, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--As it wraps up construction on its flat-roll steel mill in Sinton, Texas, Steel Dynamics Incorporated (NASDAQ:STLD) (Fort Wayne, Indiana) expects capital investments for 2022 to be as much as $750 million, down substantially from this year's spending. Industrial Info is tracking is tracking $2.65 billion worth of active projects by Steel Dynamics, with the Texas project taking the lion's share of that amount.