# Steel Dynamics and Unity Aluminum form joint venture for new aluminum mill

Steel Dynamics and Unity Aluminum closed a joint venture arrangement for Steel Dynamics to construct and operate a new 650,000-tonne aluminum flat rolled mill. Capital investment is estimated at $1.9 billion, with commercial production planned to begin in Q1 2025.

- Type: Acquisition
- Announced: 2022-08-22
- Where: United States
- Value: $1.90B
- Status: announced
- Capacity: 650,000 tonnes per year
- Products: aluminum flat rolled products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Steel Dynamics](https://endata.com/companies/895.md) (acquirer)
- [Steel Dynamics](https://endata.com/companies/895.md) (partner)
- [Unity Aluminum](https://endata.com/companies/64220.md) (partner)

## Sources

- [headwallpartners.com](https://www.headwallpartners.com/headwallpartnersunityaluminumsteeldynamicsaluminumdynamics), 2022-08-22: "Steel Dynamics intends to construct and operate a new 650,000-tonne state-of-the-art, low carbon, recycled aluminum flat rolled mill."
- [globenewswire.com](https://www.globenewswire.com/news-release/2022/08/22/2502126/0/en/Headwall-Partners-EA-Markets-XMS-Capital-Partners-Odinbrook-Global-Advisors-Serve-as-Financial-Advisor-to-Unity-Aluminum-on-Joint-Venture-Arrangement-With-Steel-Dynamics.html), 2022-08-22: "Steel Dynamics estimates the project will generate between $650 million and $700 million of annual EBITDA on a through-cycle basis."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.