01
Aug
18:14
Steel Dynamics expands downstream with Vulcan acquisition
Steel Dynamics Inc (SDI) tells Kallanish that it has completed its acquisition of Vulcan Threaded products. The move is part of the US steelmaker’s strategy to pursue higher-margin downstream business opportunities, it says.
The purchase price for Vulcan and its real estate assets is $114 million on a debt free, cash free basis, including $30m of estimated working capital, and has been funded with available cash. The transaction is expected to be imme…
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Anonymous
Very good overview of the weekly steel market.
Anonymous