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Kapook2981/iStock via Getty Images 7075 Aluminum Sheet
Steel Dynamics (NASDAQ:STLD ) unveils plans Tuesday to build a $2.2B recycled aluminum flat rolled mill, with two supporting satellite recycled aluminum slab centers.
The planned $1.9B aluminum flat rolled mill will be located in the southeastern U.S., with an annual production capacity of 650K tons of finished products, serving the sustainable beverage packaging, automotive and common alloy industrial sectors.
The rolling mill is expected to have the capacity to supply roughly half of its recycled aluminum slab requirements onsite, with the remaining amount to be provided by the construction of two additional satellite recycled aluminum slab centers, one in the southwestern U.S. and the other in Mexico.
Steel Dynamics (STLD) estimates the project will generate $650M-$700M of annual EBITDA on a through-cycle basis.
The company expects to begin commercial production from the new facilities in Q1 2025.
EN AW-6060 Steel Dynamics (STLD) said recently that it expects to post record Q2 adjusted earnings of $6.61-$6.65/share.