Impeccable Timing for Steel Dynamics' Aluminum Plant -- Market Talk

Dow Jones

04/22

1435 ET - Steel Dynamics is commissioning an aluminum rolling mill in Mississippi at the right time: Aluminum prices are rising and rolled aluminum is in short supply after fires last fall knocked out the largest rolling plant for auto aluminum. Customers have accelerated their qualifications of the new plant's aluminum for the automotive, beverage can and industrial markets. The company forecasts $650 million to $700 million in annual EBITDA from aluminum. "The market today is absolutely phenomenal from the standpoint of entering a new facility," CEO Mark Millett says. "I can't see any downside in the future." Shares up 5.7% at $221.30 (Robert.tita@wsj.com)

(END) Dow Jones Newswires

April 21, 2026 14:35 ET (18:35 GMT)

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Customers have accelerated their qualifications of the new plant's aluminum for the automotive, beverage can and industrial markets. The company forecasts $650 million to $700 million in annual EBITDA from aluminum. \"The market today is absolutely phenomenal from the standpoint of entering a new facility,\" CEO Mark Millett says. \"I can't see any downside in the future.\" Shares up 5.7% at $221.30 (Robert.tita@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  April 21, 2026 14:35 ET (18:35 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}