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Aluminum Dynamics plans $200M recycled aluminium slab facility in Mississippi. The image used in this article is generated with an AI tool and does not depict any real-time moment Recycled aluminium producer Aluminum Dynamics LLC will invest more than USD 200 million to build a recycled aluminium slab centre in Lowndes County, Mississippi, creating 100 new jobs. The facility, to be located in the Golden Triangle Industrial Park, will recycle aluminium-bearing materials, mainly used beverage cans, into 180,000 tonnes of aluminium slabs for the aluminium products industry. Operations are expected to begin in the first half of 2027. The Mississippi Development Authority is supporting the project through road and rail infrastructure improvements, while the facility will also qualify for tax incentives under the Mississippi Major Economic Impact Authority programme. Lowndes County is also providing support for the development. Aluminum Dynamics Operations Manager Devin Crawford said, "We are eager to move forward with this project, and we appreciate the warm welcome and support that we have received from Gov. Tate Reeves and the state of Mississippi, as well as leaders from the Mississippi Development Authority and local leaders from the Lowndes County Board of Supervisors, the Lowndes County Industry Development Authority and the Golden Triangle Development Link." Attend the webinar Hedging for recyclers - Become an expert in 6 hours to learn metal price risk management for recycling. The new slab centre expands Aluminum Dynamics' presence in Mississippi, where the company is already developing a recycled-content flat-rolled aluminium mill in Columbus, announced in 2022. Parent company Steel Dynamics Inc. (SDI) also operates a scrap-fed electric arc furnace steel mill at the site. Once fully ramped up, the Columbus rolling mill is expected to produce 650,000 tonnes of aluminium sheet annually for the automotive and beverage can sectors. In June, SDI said it would relocate its planned second recycled aluminium slab production centre from Arizona to Mississippi, resulting in a USD 16 million second-quarter 2026 earnings reduction due to asset write-downs. The company said the move followed differences with Arizona state officials that created risks for the construction and operation of the facility. The Arizona project had also faced strong local opposition, with more than 3,700 people signing a petition against the proposed plant. Explore its e-magazine "ALuminium Dross Processing: Generation, Recovery & Strategic Roadmap" for the latest industry insights and trends. Meanwhile, SMS Group, which is supplying equipment for the Columbus rolling mill, said the project has entered its final commissioning phase. The company is completing work on rolling operations, automation, coil logistics, inspection systems and sustainability measures ahead of full commercial operations. Commenting on the latest investment, Mississippi Development Authority Executive Director Bill Cork said, "There's no stronger endorsement than a company choosing to reinvest where it has existing operations."

TD Asset Management Inc sells 21,568 shares of Steel Dynamics, Inc. $STLD. June 10, 2026 Key points. * TD Asset Management reduced its stake in Steel Dynamics by 30.8% in the fourth quarter, selling 21,568 shares and leaving it with 48,524 shares valued at about $8.22 million. * Steel Dynamics reported quarterly EPS of $2.78, narrowly missing estimates, while revenue came in at $5.20 billion versus the $5.39 billion forecast. Even so, revenue rose 19.1% year over year and the company posted a 15.54% return on equity. * The company announced a quarterly dividend of $0.53 per share, payable July 10, implying an annualized yield of about 0.8%. Analysts currently rate the stock a Moderate Buy with a consensus price target of $224.64, though several insiders have also recently sold shares. * MarketBeat previews top five stocks to own in July. TD Asset Management Inc cut its position in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,524 shares of the basic materials company's stock after selling 21,568 shares during the quarter. TD Asset Management Inc's holdings in Steel Dynamics were worth $8,222,000 at the end of the most recent reporting period. Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC raised its stake in shares of Steel Dynamics by 1,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 160 shares of the basic materials company's stock valued at $28,000 after buying an additional 150 shares during the period. Torren Management LLC bought a new stake in shares of Steel Dynamics in the fourth quarter valued at $34,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Steel Dynamics in the fourth quarter valued at $42,000. Eagle Bay Advisors LLC bought a new stake in shares of Steel Dynamics in the fourth quarter valued at $45,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Steel Dynamics in the third quarter valued at $46,000. 82.41% of the stock is currently owned by institutional investors. Steel Dynamics price performance. Steel Dynamics stock opened at $269.80 on Wednesday. Steel Dynamics, Inc. has a 52 week low of $119.89 and a 52 week high of $280.49. The business has a 50-day simple moving average of $224.82 and a 200 day simple moving average of $194.42. The company has a quick ratio of 1.33, a current ratio of 3.13 and a debt-to-equity ratio of 0.46. The stock has a market cap of $39.05 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 0.57 and a beta of 1.50. Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its earnings results on Tuesday, April 21st. The basic materials company reported $2.78 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.01). Steel Dynamics had a return on equity of 15.54% and a net margin of 7.22%.The business had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.39 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. Steel Dynamics's quarterly revenue was up 19.1% compared to the same quarter last year. On average, research analysts forecast that Steel Dynamics, Inc. will post 14.77 earnings per share for the current fiscal year. Steel Dynamics announces dividend. The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, June 30th. Steel Dynamics's payout ratio is presently 22.67%. Insiders place their bets. In other Steel Dynamics news, SVP Miguel Alvarez sold 4,825 shares of Steel Dynamics stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $225.58, for a total transaction of $1,088,423.50. Following the completion of the sale, the senior vice president owned 122,257 shares of the company's stock, valued at $27,578,734.06. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP James Stanley Anderson sold 10,000 shares of Steel Dynamics stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $268.70, for a total value of $2,687,000.00. Following the sale, the senior vice president directly owned 102,837 shares of the company's stock, valued at approximately $27,632,301.90. This trade represents a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,125 shares of company stock valued at $5,438,227 in the last ninety days. Corporate insiders own 6.60% of the company's stock. Analyst Ratings changes. Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Steel Dynamics from $192.00 to $205.00 and gave the company a "neutral" rating in a research note on Tuesday, April 14th. Weiss Ratings upgraded Steel Dynamics from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, April 29th. Jefferies Financial Group restated a "buy" rating on shares of Steel Dynamics in a research note on Tuesday, March 17th. Wall Street Zen upgraded Steel Dynamics from a "hold" rating to a "buy" rating in a research note on Saturday, April 18th. Finally, Barclays assumed coverage on Steel Dynamics in a research report on Thursday, May 21st. They issued an "overweight" rating and a $270.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Steel Dynamics has a consensus rating of "Moderate Buy" and a consensus price target of $224.64. Steel Dynamics profile. Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products. The company's product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Steel Dynamics, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Steel Dynamics wasn't on the list. While Steel Dynamics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.

Steel Dynamics thanks Richard P. Teets, Jr. and Gabriel L. Shaheen for their exemplary board service. Mar 27, 2026 FORT WAYNE, Ind., March 27, 2026 /PRNewswire/ - Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced that Richard P. Teets, Jr. and Gabriel L. Shaheen will be retiring from the Steel Dynamics Board of Directors effective as of the Company's 2026 Annual Meeting of Shareholders taking place on May 6, 2026. Richard P. Teets, Jr. "Dick has been my partner and friend for over 35 years beginning with our pioneering of thin-slab-casting using electric-arc-furnace technology," said Mark D. Millett, Chairman and Chief Executive Officer. "He was instrumental to Steel Dynamics' success - as a co founder, longtime board member, and exceptional leader. Dick was a key part of developing its cultural foundation upon which its success has been built. On behalf of the Board of Directors and from me personally, Steel Dynamics, Inc. extend its sincere appreciation for his meaningful contributions and invaluable impact. "Dick's industry expertise and sound judgment have guided the company through key milestones and periods of significant growth," continued Millett. "His engineering insight, operational knowledge, and strategic negotiation skills have shaped every aspect of our business, driving innovation and differentiation, setting us apart within the industry. Dick's leadership built people, teams, and a culture that is foundational to our success. Throughout the years, Dick has also provided influential leadership across the steel industry through his work with the Steel Manufacturers Association, the Association of Iron and Steel Technology, and numerous other industry organizations." "From co-founding Steel Dynamics with Keith and Mark, to building, acquiring, expanding and operating various businesses and serving on the Board of Directors - my time with Steel Dynamics has been a highlight of my life and it will forever be my family," shared Dick Teets. "As a significant shareholder, I am both confident in and excited for the company's and its team members' future, but am equally excited to devote my time to charitable and community focused projects, including our family foundation that would not be possible without Steel Dynamics' success. Steel Dynamics and its people will aways be a large part of my life." Gabriel L. Shaheen "Additionally, on behalf of the Board of Directors, we also extend our appreciation to long standing board member Gabe Shaheen," concluded Millett. "Gabe's financial acumen, strategic perspective, and thoughtful counsel have been invaluable to me and to the Board throughout his many years of service and influence. Please accept our sincere and personal thanks for your dedication and time." Mr. Shaheen added, "I was initially drawn to Steel Dynamics as the leading large company in the Fort Wayne community. Witnessing leadership's commitment to the SDI team members and its communities, throughout its tremendous growth in size, capability, and financial strength was impressive. It is a vital part of the foundation for its past and continued future success. Thank you for the opportunity to serve for over sixteen years." About Steel Dynamics, Inc. Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company also invested in aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products. SOURCE Steel Dynamics, Inc.