Indiana More Jobs, Right to Work Cited as Factor

From FOX 59:

Steel Dynamics, Inc. (NASDAQ: STLD), the nation’s fifth largest producer of carbon steel products, announced plans to expand its operations here, creating approximately 50 new jobs by 2013.

Barry Schneider, vice president and general manager of Steel Dynamics’ engineered bar products division. “The recent enactment of the right-to-work legislation is further evidence of Indiana’s commitment to providing the most competitive business environment possible for global companies like us to grow.”

The company will invest $76 million to expand its engineered bar products division to increase the mill’s capacity to produce special-bar-quality (SBQ) steel bars and the site’s product offerings. Facility upgrades and new equipment installation are expected to be complete by the end of summer next year.