Monday, June 25, 2012

Steel Dynamics Seeks Exemption for Expansion in Butler

From the Fort Wayne Journal-Gazette:

Steel Dynamics Inc. plans to expand in Butler, according to paperwork filed with the DeKalb County Council.

The Fort Wayne-based steelmaker is asking for a 10-year tax break on an $18.5 million project that would create 10 to 15 hourly jobs with pay ranging from $65,000 to $70,000.

Construction on the steel plant addition, at 4500 County Road 59, would begin after July 1 and be completed before Sept. 30, 2013, according to the filing.

The project’s budget includes $6.7 million in building costs and $11.8 million in new equipment.

Steel Dynamics’ Butler flat roll mill employs about 630. Wages, including bonuses, average $33 to $35 an hour. Salaried workers average $113,000, including bonuses.

http://www.journalgazette.net/article/20120625/BIZ/120629723/0/SEARCH