Moody's assigns Baa3 rating to SDI's $750 million senior unsecured notes
Rating Action: Moody's assigns Baa3 rating to SDI's $750 million senior unsecured notes. Global Credit Research- 07 Oct 2020. New York, October 07, 2020-- Moody's Investors Service, assigned a Baa3 senior unsecured rating to Steel Dynamics Inc.' s new $750 million in senior unsecured notes.Steel Dynamics is a steel producer and metal recycler. The company manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joists and deck products. The company's segments are: Steel, which produces steel from ferrous scrap and scrap substitutes, utilizing casting, automated rolling mills and several downstream steel coating and bar 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.
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