Steel Dynamics Announces SBQ Mill Expansion
Steel Dynamics announced it will invest $35 million at its Pittsboro, Ind., Engineered Bar Products Division to increase the mill’s production capacity. The planned modifications to the mill are expected ton increase its annual production capacity for special-bar-quality (SBQ) steels from 500,000 tons per year to about 725,000 tons per year. The bulk of the investment will be completed in 2007.
The changes to the mill will include EAF-furnace and caster modifications of roughly $10 million and rolling-mill and reheat-furnace upgrades totaling about $25 million. The mill’s principal products will continue to be SBQ round bars in a range of 1 inch to 9 inches in diameter.