SEATTLE (Scrap Monster): Fort Wayne, Indiana-based Steel Dynamics, Inc. (SDI) has been named as one of the top 100 ESG companies of 2021 by Investor’s Business Daily. The company was ranked 56 in the list.
SDI is the only U.S. steel producer to be honoured with the recognition. Also, it is one among the three steel producers to feature in the list globally. The only other steel producers to be named in the list are ArcelorMittal and Ternium, which were ranked 52 and 60 respectively in the list.
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Commenting on the achievement, Mark.D. Millet, Chairman and Chief Executive Officer, SDI said that it is honoured by the acknowledgement. The extraordinary passion and spirit of excellence exhibited its teams have helped the company to be recognized as one of the best ESG companies. The priority for safety and sustainability and the zeal to create innovative product and supply-chain solutions had been the key drivers of its exceptional operational and financial performance, he added.
The initial list comprised top 15% of the U.S.-traded 2,360 companies whose stock price was $10 or higher. The list was further refined by using various criteria such as IBD Composite Ratings, Relative Strength Rating and EPS Rating to arrive at the final 100 list.
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