The weekly production climbed higher significantly by 21.5% over the previous year.

The company’s North America segment’s adjusted EBITDA in Q4 fiscal 2021 had surged higher by 22% over the previous year.

The steel demand in developed economies is likely to regain pre-pandemic levels by end of next year, rising by 12.2% in 2021, followed by 4.3% in 2022.

The steel fabrication shipments by the company hit a new record of 211,000 tonnes.

The main contributor to the steel demand growth will be the pent-up demand bolstered by strong manufacturing activity.

Steel Dynamics, Inc. announced that it has entered into a definitive agreement to acquire a minority equity interest in New Process Steel, L.P.

According to sources, the two sides are likely to reach a new agreement, whereby the Section 232 tariffs would be replaced with a tariff-rate quota (TRQ) arrangement.

The program may be suspended, modified, extended or terminated at any time without prior notice, it added.