Fort Wayne-based Steel Dynamics Inc. said the electric arc-furnace unit will be in Sinton, Texas, about 25 miles northwest of Corpus Christi.
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.
Steelmakers including Indiana-based Steel Dynamics Inc. filed a trade complaint alleging that imports of corrosion-resistant metal from China and four other countries are being sold in the U.S. at unfairly low prices.
Indiana-based Steel Dynamics Inc. said it will invest $100 million to add more steel-finishing capacity at its mill in Columbus, Mississippi, and add 40 employees to the current 630 at the plant.
Fort Wayne-based Steel Dynamics' fourth-quarter profit tumbled 71 percent, but shares rose Monday after the company predicted that the economic recovery would fuel greater industrial demand.
Net income was $49.2 million, compared with a net loss of $16 million a year earlier, the Fort Wayne-based steelmaker said
Monday in a statement.
The Indianapolis Metropolitan Police Department likely will have to return more than $273,000 in cash seized as part of a
racketeering investigation after the Marion County Prosecutor's Office missed a civil forfeiture deadline.
Steel Dynamics Inc., the nation’s fifth-largest producer of carbon steel products, said Thursday it expects fourth-quarter
earnings to decline from third-quarter levels due to lower shipments and weaker profit margins at its metal recycling operations.
The Indiana Department of Labor has slapped two Indiana companies with fines of about $200,000 each for repeated safety violations
that put workers at risk.
Steel Dynamics Inc. posted a third-quarter profit of $69 million, its first gain after three straight quarterly losses.