Steel Dynamics and LaFarga Group Announce JV and $39 Million Facility

Steel Dynamics, Inc. STLD and LaFarga Group, headquartered in Barcelona, Spain, today jointly announced the creation of a new partnership which will operate under the SDI LaFarga, LLC name. Plans include the construction of a $39 million facility which will produce copper wire rod from recycled copper. Investigations of potential sites in Allen County, Indiana are currently underway. This new venture is expected to result in the creation of 35 new full-time management, administrative and production positions by 2013.