2023-07-07 16:47:54 ET
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- Steel Dynamics ( NASDAQ: STLD ) on Friday reported an unplanned outage of its hot mill at Sinton Texas Flat Roll Steel Mill.
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- The company expects to restart the mill within the next two to four weeks, or before July 30, 2023.
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- The outage relates to caster shear equipment issues, which occurred on July 1, 2023.
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- The additional expenses related to fixing the caster shear issue will be less than $1 million during the outage.
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- The company said plans to continue to operate the cold mill and downstream value-added flat rolled steel coating lines during the hot mill outage.
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Steel Dynamics reports unplanned hot mill outage at its Sinton facility in Texas