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Steel Dynamics capacity usage exceeds 70 pct -CEO

Tue Jun 23, 2009 6:26pm EDT

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NEW YORK, June 23 (Reuters) - Capacity usage at U.S. steelmaker Steel Dynamics Inc. (STLD.O) has increased to above 70 percent from around 45 percent eight to nine weeks ago as orders have picked up, Chief Executive Keith Busse said on Tuesday.

"There is a chance that we can run around 100 percent at some point but not sure how long that could last," Busse said at a steel conference organized by American Metal Market.

Busse said the current increase in orders came because customers were running out of inventory, not because end users are demanding more steel.



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