Steel Dynamics, Inc. Buyback
OLI recorded this information on 9/4/2018
Steel Dynamics, Inc.
Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that its Board of Directors has authorized an additional share repurchase program of up to $750 million of the company's common stock. The authorization is effective immediately, and follows the completion of the company's October 2016 $450 million share repurchase authorization, which was finished in August 2018.
Steel Dynamics is a steel producer and metal recycler. Co. manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joists and deck products. Co. has three segments: Steel, which produces steel from ferrous scrap and scrap substitutes, utilizing continuous casting, automated rolling mills and several steel coating and processing lines, and Iron Dynamics; metals recycling, which involves the purchase, processing, and resale of ferrous and nonferrous scrap metals into reusable forms and grades; and steel fabrication, which produces steel building components, including steel joists, girders, trusses, and steel deck.
STLD SEC Filing Email Alerts Service
Open the STLD Page at The Online Investor »
Strong Buy (3.67 out of 4)