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Delays Keep TURNING UP for Texas Steel Mill Critical to EV Transition

  • Steel Dynamics pushes back timeline for plant in Sinton, Texas

  • New mill wont reach 80% utilization until end of year

Mark Millett, CEO of Steel Dynamics, in 2013.

Mark Millett, CEO of Steel Dynamics, in 2013.

Photographer: Peter Foley/Bloomberg

Delays are accumulated for a fresh Texas mill being built by among the largest US steelmakers to provide metal for electric vehicles.

Steel Dynamics Inc. told a crowd greater than 1,000 individuals who its Sinton, Texas, mill wont reach 80% utilization before end of the entire year, pushing back a previous timeline to attain that level by 90 days. CEO Mark Millett revealed at a business conference in Atlanta that delays that dogged the mill in July were because of equipment problems and power issues linked to a substation.

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