Steel Dynamics Inc (STLD)

[conestoga_days]

News for 'STLD' - (BRIEF: Steel Dynamics gets tax abatement: Jeffersonville manufacturer plans to grow)


May 14, 2010 (The Evening News and the Tribune - McClatchy-Tribune Information
Services via COMTEX) -- JEFFERSONVILLE -- The Jeffersonville Redevelopment
Commission approved $3 million in real property tax abatements and $500,000 in
personal property tax abatements to Steel Dynamics during its Wednesday night
meeting, board member Ed Zastawny said.

The company, at 5134 Loop Road, is planning for future growth at its
Jeffersonville flat roll division's finishing operation, which employs 90 people
with an annual payroll of about $6.6 million, according to a press release from
economic development agency One Southern Indiana.

Zastawny said the company plans to add up to five jobs, with salaries of more
than $60,000 per year. The abatements allows the company to phase-in its
property taxes while simultaneously increasing the local tax base.

Steel Dynamics is one of the largest steel producers and metals recyclers in the
United States. Its finishing plant in Jeffersonville produces pickled,
cold-rolled, galvanized and painted flat-roll steel.

Visit www.steeldynamics.com for more information.



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David A. Mann


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