{"id":11070,"date":"2022-07-27T13:24:08","date_gmt":"2022-07-27T13:24:08","guid":{"rendered":"https:\/\/staging.asminternational.org\/hts-new\/steel-dynamics-announces-new-state-of-the-art-low-carbon-aluminum-flat-rolled-mill\/"},"modified":"2023-02-23T22:43:39","modified_gmt":"2023-02-23T22:43:39","slug":"steel-dynamics-announces-new-state-of-the-art-low-carbon-aluminum-flat-rolled-mill","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/hts\/steel-dynamics-announces-new-state-of-the-art-low-carbon-aluminum-flat-rolled-mill\/","title":{"rendered":"Steel Dynamics announces new state-of-the-art low carbon aluminum flat rolled mill"},"content":{"rendered":"<p>Steel Dynamics, Fort Wayne, Ind, announced that it will construct and operate a 650,000-tonne low-carbon, recycled aluminum flat rolled mill, with two supporting satellite recycled aluminum slab centers. The capital investment is estimated to be $2.2 billion for the three facilities, and commercial production is planned to begin in the first quarter 2025.<\/p>\n<p>&nbsp;<\/p>\n<p>Steel Dynamics\u2019 steel customers are significant consumers and processors of aluminum flat rolled products, and also seek the company\u2019s high-quality, sustainable, customer-centric approach within the aluminum flat rolled market. The state-of-the-art aluminum flat rolled mill will utilize a significant amount of aluminum scrap, and as such is also a complementary extension of the company\u2019s metals recycling platform, which is the largest nonferrous metals recycler in North America. The company estimates the project will generate between $650 million and $700 million of annual EBITDA on a through-cycle basis. The project will be funded with available cash and cash flow from operations, and the company plans to maintain its policy of strong shareholder distributions and investment grade credit ratings.<\/p>\n<p>&nbsp;<\/p>\n<p>The North American flat rolled aluminum industry has a substantial and growing supply deficit estimated at over 2.0 million tonnes, based largely on increasing demand from the automotive and sustainable beverage can industries. The lack of aluminum flat rolled availability has impacted automotive producers\u2019 ability to secure supply. The supply deficit is currently being addressed through imports of higher-cost aluminum flat rolled products, which exceeded 25 percent of North American consumption in 2021.<\/p>\n<p>&nbsp;<\/p>\n<p>Read further <a href=\"https:\/\/ir.steeldynamics.com\/steel-dynamics-announces-investment-in-new-state-of-the-art-low-carbon-aluminum-flat-rolled-mill-aligned-with-its-core-steelmaking-and-recycling-platforms\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steel Dynamics, Fort Wayne, Ind, announced that it will construct and operate a 650,000-tonne low-carbon, recycled aluminum flat rolled mill, with two supporting satellite recycled aluminum slab centers. The capital investment is estimated to be $2.2 billion for the three facilities, and commercial production is planned to begin in the first quarter 2025.<\/p>\n","protected":false},"author":63103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[448,466,445,454,440,441,1],"tags":[],"class_list":["post-11070","post","type-post","status-publish","format-standard","hentry","category-materials-processing-and-treatment","category-materials-properties-and-performance","category-materials-testing-and-evaluation","category-metals-and-alloys","category-news","category-news-articles","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Steel Dynamics announces new state-of-the-art low carbon aluminum flat rolled mill - Heat Treating Society<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asminternational.org\/hts\/results\/-\/journal_content\/56\/10192\/49298627\/NEWS\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel Dynamics announces new state-of-the-art low carbon aluminum flat rolled mill - Heat Treating Society\" \/>\n<meta property=\"og:description\" content=\"Steel Dynamics, Fort Wayne, Ind, announced that it will construct and operate a 650,000-tonne low-carbon, recycled aluminum flat rolled mill, with two supporting satellite recycled aluminum slab centers. 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