Steel Dynamics (STLD -2.8%) finished lower today after saying it plans to spend around $27M to...

|About: Steel Dynamics, Inc. (STLD)|By:, SA News Editor

Steel Dynamics (STLD -2.8%) finished lower today after saying it plans to spend around $27M to expand its carbon steel rail production by installing a state-of-the-art heat-treating system at its Structural and Rail Division in Columbia City, Indiana. When operational, the system will be capable of producing up to 350K tons of standard strength and head hardened plain, carbon steel rails for North America's railroad industry.