Ace Steel Metal Supplier SDI Approved For Tax Incentives

SDI Approved For Tax Incentives

On June 5, the Texas Comptroller’s Office reported SDI has qualified for tax incentives in San Patricio County. Steel Dynamics (SDI) is looking to build a $1.8 billion flat roll steel mill in Sinton, TX, although they’ve also considered other sites in Louisiana and Texas.

This development has been the latest step to encourage SDI to build their new steel mill in Stinton.

In February 2018, county commissioners from San Patricio County voted to approve a tax incentive package for Steel Dynamics.

The potential impact to the Texas economy could be between $113 million to $223 million annually, from 2021 to 2035, as reported by SDI. In addition, it wants to create 190 jobs in 2020 and then stabilize to 500 jobs by 2024.

Qualifying for these tax incentives has been a major boost to push SDI towards Stinton for its final site selection.

A Secure Supply Of  Houston Metal

Ace Steel Supply works hard to read the steel market so we can offer a stable supply of what you need. Consider looking at a stocking program with us for even more benefits to your business.

When you’re ready to save time, money and make your steel buying easier, give us a call.

Call us if your company requires a secure supply of Houston steel – stainless sheet, aluminum sheet, cold-rolled sheet or galvanized sheet metal.

Ask us how to make a quick $500 for a referral.

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