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This excerpt taken from the STLD 10-Q filed May 11, 2009. Capital Expenditures. During the first quarter of 2009, we invested
$74.3 million in property, plant and equipment, of which $13.3 million
related primarily to the addition of a second rolling mill at our Structural
and Rail Division, $7.2 million related to metals recycling operations and
$36.1 million related to construction at Mesabi Nugget, our planned iron-nugget
manufacturing facility and related mining operations. The other capital
expenditures of $17.7 million primarily represented maintenance projects at our
other facilities. We believe these capital investments will benefit our net
sales and related cash flows as each project reaches completion.
This excerpt taken from the STLD 10-Q filed Aug 8, 2008. Capital Expenditures.
During the first half of 2008, we invested $195.0 million in property,
plant and equipment, of which $69.1 million or 35% related to the addition of a
second rolling mill and second caster at our Structural and Rail Division,
approximately $32.8 million related to OmniSource operations and approximately
$29.4 million related to construction at Mesabi Nugget, our planned iron
manufacturing facility. The remaining
capital expenditures represented improvement projects at our other facilities. We believe these capital investments will
increase our net sales and related cash flows as each project develops.
This excerpt taken from the STLD 10-Q filed May 7, 2008. Capital Expenditures. During the first quarter of 2008, we invested
$93.8 million in property, plant and equipment, of which $37.1 million or 40%
related to the addition of a second rolling mill and second caster at our
Structural and Rail Division, approximately $15.7 million related to OmniSource
operations, approximately $6.3 million related to construction at Mesabi
Nugget, our planned iron manufacturing facility, and approximately $8.5 million
related to a new paint line at our Jeffersonville, Indiana galvanizing
plant. The remaining capital
expenditures represented improvement projects at our other facilities. We believe these capital investments will
increase our net sales and related cash flows as each project develops.
This excerpt taken from the STLD 10-Q filed Nov 9, 2007. Capital Expenditures. During the first nine months of 2007, we
invested $255.8 million in property, plant and equipment, of which $171.8
million, or 67%, related to the construction of a second rolling mill at our
Structural and Rail Division; and the continued reconfiguration of the three
joist plants acquired in April 2006 pursuant to the Roanoke Electric merger. The
remaining capital expenditures represented improvement projects at our other
existing facilities, including the addition of Galvalume coating capabilities
and a paint line facility at our Jeffersonville, Indiana facility. We believe
these capital investments will increase our net sales and related cash flows as
each project develops.
This excerpt taken from the STLD 10-Q filed Aug 8, 2007. Capital Expenditures. During the first half of 2007,
we invested $155.9 million in property, plant and equipment, of which $109.1
million, or 70%, related to the construction of a second rolling mill at our
Structural and Rail Division; and the continued reconfiguration of the three
joist plants acquired in April 2006. The
remaining capital expenditures represented improvement projects at our other
facilities. We believe these capital
investments will increase our net sales and related cash flows as each project
develops.
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This excerpt taken from the STLD 10-Q filed May 7, 2007. Capital Expenditures. During the first three months
of 2007, we invested $53.9 million in property, plant and equipment, of which
$35.2 million, or 65%, related to the construction of a second rolling mill at
our Structural and Rail Division; and the continued reconfiguration of the
three joist plants acquired in April 2006.
The remaining capital expenditures represented improvement projects at
our other facilities. We believe these
capital investments will increase our net sales and related cash flows as each
project develops.
This excerpt taken from the STLD 10-K filed Feb 26, 2007. Capital Expenditures. During 2006, we invested $128.6 million in property,
plant and equipment, of which slightly more than 65% was related to the
completion of a bar finishing facility at our Engineered Bar Products Division;
the continued construction of a welding facility at our Structural and Rail
Division; and the continued reconfiguration of the three acquired Roanoke
Electric joist plants. The remaining capital expenditures represented
improvement projects at our existing facilities, including the caster expansion
at our Flat Roll Division. We believe these capital investments will increase our
net sales and related cash flows as each project develops.
This excerpt taken from the STLD 10-Q filed Oct 30, 2006. Capital Expenditures. During the first nine months of
2006, we invested $84.1 million in property, plant and equipment, of which
$53.6 million, or 64%, related to the completion of a bar finishing facility at
our Engineered Bar Products Division; the continued construction of a welding
facility at our Structural and Rail Division; and the continued reconfiguration
of the three recently purchased Roanoke Electric joist plants. The remaining capital expenditures
represented improvement projects at our existing facilities, including the
caster expansion at our Flat Roll Division.
We believe these capital investments will increase our net sales and
related cash flows as each project develops.
This excerpt taken from the STLD 10-Q filed Aug 8, 2006. Capital Expenditures. During the first half of 2006,
we invested $48.5 million in property, plant and equipment, of which $12.7
million, or 26%, related to the construction of an $18 million bar finishing
facility at our Engineered Bar Products Division and the remainder represented
improvement projects for our existing facilities. Some of the finishing facility components commenced
operations during the second quarter, and we anticipate the facility to be
fully operational by September 2006. We
believe these capital investments will increase our net sales and related cash
flows as each project develops.
This excerpt taken from the STLD 10-Q filed May 10, 2006. Capital
Expenditures. During the first quarter of
2006, we invested $14.6 million in property, plant and equipment, of which $6.8
million, or 46%, related to the construction of an $18 million bar finishing
facility at our Engineered Bar Products Division, and the remainder represented
improvement projects for our existing facilities. We anticipate some components
of the finishing facility commencing operations during the second quarter and
for the facility to be fully operational by September 2006. We believe
these capital investments will increase our net sales and related cash flows as
each project develops.
This excerpt taken from the STLD 10-K filed Mar 9, 2006. Capital
Expenditures. During 2005, we invested $63.4
million in property, plant and equipment, of which $18.0 million, or 28%,
related to the expansion of our joist and deck operations, and the remainder
represented improvement projects for our existing facilities. We believe these
capital investments will increase our net sales and related cash flows as each
project develops.
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