Co-Founder, Chairman & Chief Executive Officer, Steel Dynamics
Search every verified Mark Millett interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During Steel Dynamics’ second quarter 2026 earnings call on July 21, 2026, Mark Millett discussed the company’s investment in aluminum flat roll products, stating that the team had “outperformed all expectations” in constructing and commissioning the facility. He also addressed a delay in the ramp-up schedule for a second gas house, attributing it to the relocation of an alley house and noting that the move would result in incremental operational costs and a $10 to $20 million increase in capital expenditure at Columbus due to construction inflation. Millett said he expected the second gas house to reach full utilization in the first half of next year. Millett expressed optimism about the company’s future cash generation from new assets and growth opportunities. He also stated that the steel industry has experienced a “fundamental paradigm shift” supported by a “mercantilist global trade environment,” which he said would help maintain a level playing field through continued trade enforcement.
“The most recent and most significant current investment is in aluminum flat roll products. And as I mentioned in the last call, the excitement and the pride of the aluminum team is absolutely incredible. It is inspiring to watch them transition from construction and commissioning into full scale production serving cust...”
“We believe the steel industry has undergone a fundamental paradigm shift in recent years supported by an increasingly mercantilist global trade environment. This will help maintain a more level playing field through continued and appropriate trade enforcement mechanisms.”
“In December 2025, we submitted an offer to purchase Blue Scope together with our Australian partner SGH. The offer proposed SGH acquire 100% of Blue Scope on an all-cash basis with a subsequent on sale of the US assets to Steel Dynamics providing all Blue Scope shareholders with a tax effective cash realization opportu...”
“Our cash offer is certain, immediate, and tax effective with no financing contingency. It eliminates the significant execution risk and hopes that financial improvement might come from improved market spreads and currency exchange rates that are far from predictable.”
“We believe we have an advantaged commercial position. Two-thirds of our existing carbon flat roll steel customers also consume and process aluminum flat roll sheet. Our growth in the automotive sector will complement our existing steel position and provide customer material optionality.”
“It is our belief that the steel industry has undergone a paradigm shift in recent years supported by a pervasive sense of mercantilism that will provide a level playing field through continued and appropriate trade mechanisms. Decarbonization will materially steepen the global cost curve providing Steel Dynamics with a...”
“On a through cycle basis, we definitely will remain under a two times net lever basis. So there is room to move and that is also in light of the fact that our structural EBITDA is actually improving.”
“We had a record steel shipments of 3.66 million tons. Revenues were 4.8 billion. Adjusted EBITDA was 664 million and we had a healthy cash flow from operations of 723 million.”
“Unlike our entry into the oversupplied steel market some years ago, there's a significant domestic supply deficit of over 1.4 million tons for aluminum sheet. And this deficit is forecast to grow even before tariffs.”
“The administration will continue to hold a firm position on 232 tariffs on steel and aluminum imports and the inclusion of tariffs on steel content of derivative products including fabricated structural steel which has played the domestic industry for years will be of substantial benefit.”
“We feel that the company is selling at an incredible discount today relative to other potential investments one might make. So, we'll continue to buy our shares back. And again, we're doing that not because necessarily our shareholders just want us to or we think it's a flavor of the month. It really is buying a compan...”
“Decarbonization will materially steepen the global cost curve, providing Steel Dynamics with a meaningful competitive advantage to gain market share and increase margins.”
“We believe we have reached an earnings inflection point for steel fabrication with expectations for increased profitability in the third quarter. We achieved record quarterly metals recycling shipments. Adjusted EBITDA was $533 million. Biocarbon is in the midst of commissioning with expectations for product shipments...”
“Our capital allocation strategy prioritizes high return strategic growth with shareholder distributions comprised of a base positive dividend profile that's complemented with a variable share repurchase program. While we remain dedicated to preserving our investment grade credit designation, our free cash flow profile...”
“Unlike our entry into the oversupplied steel market, there is a significant domestic supply deficit of over 1.4 million tons for aluminum sheet and this deficit is forecast to grow in 2024. That deficit was supplied through high cost imports which are now even higher cost as the tariffs increased from 10% in 24 to the...”
07/21/2026 Q&A: 28:37 Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the ...
04/21/2026 Q&A: 25:49 Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, large unequal leg angles, and reinforcing steel bars, standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, me…
Mark Millett, co-founder, chairman, and chief executive officer of Steel Dynamics, Inc, shared his remarks about the inaugural ...
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Greater Fort Wayne Business Weekly editor Lisa Long interviews Mark Millett of Steel Dynamics Inc. SDI was named the 2022 ...
Access earnings conference call transcripts at: https://news.alphastreet.com/earnings... Earnings Infographics: https://news.alphastreet.com/infograp... Earnings Calendar: https://news.alphastreet.com/earnings... CEO Interviews: https://news.alphastreet.com/interviews/ Listen on: https://podcasts.apple.com/us/podcast... https://anchor.fm/earningspodcast/ https://open.spotify.com/show/67gyUX6... https://podcasts.google.com/feed/aHR0... https://radiopublic.com/the-earnings-... Follow us on: / alphst_live / _alphastreet / alphastreetinc / alphastreet http://www.google.com/news…
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