Steel Dynamics Honored with 2024 Thoroughbred Sustainability Partner Award from Norfolk Southern

Rhea-AI Summary

Steel Dynamics (NASDAQ/GS: STLD) has been awarded a 2024 Thoroughbred Sustainability Partner Award by Norfolk Southern for its leadership in energy efficiency. The company was among 14 customers and suppliers recognized for their achievements in sustainability.

The selection process involved a cross-departmental team from Norfolk Southern reviewing applications based on measurable progress during 2023, evaluating programs' novelty, relevance, and impact. The awards specifically honor companies excelling in energy efficiency, innovation, and environmental stewardship.

Co-Founder, Chairman, and CEO Mark D. Millett highlighted the company's culture of promoting innovative solutions for increased efficiencies, reduced raw material usage, material conservation, and recycling initiatives.

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FORT WAYNE, Ind., Dec. 11, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced today that Norfolk Southern recognized Steel Dynamics with a Thoroughbred Sustainability Partner Award. The awards honor Norfolk Southern partner companies who are leaders in the categories of energy efficiency, innovation, and environmental stewardship. Steel Dynamics was recognized as an energy efficiency leader.

"We are proud to be honored for our energy efficiency leadership," said Mark D. Millett, Co-Founder, Chairman, and Chief Executive Officer. "Our culture encourages our teams to create innovative solutions to increase efficiencies, reduce raw material usage, reuse secondary materials, and promote material conservation and recycling. Our recognition as a Thoroughbred Sustainability Partner is due to our team's extraordinary drive, innovation and commitment to excellence."

Steel Dynamics was one of 14 customers and suppliers honored at the award ceremony. A cross-departmental team from Norfolk Southern reviewed applications for their measurable progress during 2023. Winners were selected based on their program's novelty, relevance, and impact. The award recipients collectively demonstrated outstanding achievements toward energy efficiency, innovation, and environmental stewardship.

About Steel Dynamics, Inc.
Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections, and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

View original content to download multimedia:https://www.prnewswire.com/news-releases/steel-dynamics-honored-with-2024-thoroughbred-sustainability-partner-award-from-norfolk-southern-302329126.html

SOURCE Steel Dynamics, Inc.

FAQ

What is the 2024 Thoroughbred Sustainability Partner Award received by Steel Dynamics (STLD)?

The Thoroughbred Sustainability Partner Award is a recognition by Norfolk Southern honoring companies that demonstrate leadership in energy efficiency, innovation, and environmental stewardship. Steel Dynamics was specifically recognized as an energy efficiency leader in 2024.

How many companies received the Norfolk Southern Thoroughbred Sustainability Partner Award alongside STLD in 2024?

Steel Dynamics was one of 14 customers and suppliers honored with the Thoroughbred Sustainability Partner Award by Norfolk Southern.

What sustainability criteria did Steel Dynamics (STLD) meet to win the 2024 Norfolk Southern award?

Steel Dynamics demonstrated measurable progress in energy efficiency during 2023, with programs evaluated based on novelty, relevance, and impact. The company showed excellence in increasing efficiencies, reducing raw material usage, reusing secondary materials, and promoting material conservation and recycling.

How does Steel Dynamics (STLD) implement sustainability practices according to the 2024 award announcement?

According to the announcement, Steel Dynamics implements sustainability through a culture that encourages innovative solutions for increased efficiencies, reduced raw material usage, reuse of secondary materials, and promotion of material conservation and recycling.