| Business Summary | | Steel
Dynamics,
Inc.
is
an
electric
furnace
mini-mill
steel
producer.
The
Company
operates
a
flat-rolled
steel
mini-mill
that
produces
a
variety
of
hot-rolled,
cold-rolled
and
coated
steel
products.
The
Company's
wholly
owned
subsidiary,
Iron
Dynamics,
Inc.,
operates
a
plant
that
manufactures
direct-reduced
iron
and
converts
it
into
liquid
pig
iron.
This
material
is
designed
to
augment
scrap,
the
Company's
primary
raw
material,
to
produce
high-quality
steel
for
use
in
its
mill's
meltshop.
The
Company
sells
a
large
variety
of
hot-rolled,
cold-rolled
and
coated
steel
products,
including
mild-
and
medium-carbon
hot-rolled
bands;
high-strength
low-alloy
hot-rolled
bands;
high-strength
low-alloy
80,000-minimum-yield
hot-rolled
sheet;
hot-rolled
and
cold-rolled
hot-dipped
galvanized
sheet,
and
fully
processed
cold-rolled
sheet. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Steel
Dynamics
owns
and
operates
a
flat-rolled
steel
mini
mill,
producing
products
such
as
hot/cold
rolled
and
coated
steel
products
including
high
strength
low
alloy
and
medium
carbon
steels.
For
the
six
months
ended
6/30/01,
revenues
fell
18%
to
$311.7
million.
Net
income
fell
82%
to
$6.3
million.
Results
reflect
decreased
shipments
as
a
result
of
declining
demand
and
over-supply,
decreased
average
sales
price
per
flat
roll
ton
and
higher
than
expected
start-up
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Keith Busse, 58 Pres,
CEO, Director | $1.2M | Tracy Shellabarger, 44 VP-Fin.,
CFO, Director | 682K | Mark Millett, 41 VP
and Gen. Mang.- Flat Roll Division, Director | 772K | Richard Teets, Jr., 45 VP
and Gen. Mang.- Structural Division, Director | 772K | John Nolan VP
of Marketing | 367K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|