Steel Dynamics appoints new recycling head

Alvarez replaces Russell B. Rinn, who is retiring in July but will continue to report to CEO Mark D. Millett in the interim. During his tenure, Rinn contributed to SDI's overall leadership and optimized and rationalized recycling operations, including strategically growing in Mexico, SDI says.

"Since joining Steel Dynamics over 10 years ago, Russ has played a key role as part of our senior leadership team, and has been instrumental in our metals recycling strategy," Millett says. "Russ came to us with an already impressive resume within the steel industry, with over 30 years of leadership. I, along with our board of directors and the entire senior leadership team, recognize and appreciate his contributions to Steel Dynamics and our success."

Alvarez joined SDI in 2019 as its senior vice president of Southwest United States and Mexico. His role was to support steel and metals recycling growth strategies in that region. Before joining SDI, Alvarez served in various leadership roles within the steel industry since 2009.

Additionally, the company is promoting James Anderson from his current position as vice president of the company's steel fabrication operations to a senior vice president, retaining the same responsibilities.

"As we look forward, we see a meaningful opportunity for Steel Dynamics, our customers, our teams, our communities and our shareholders,” Millett says. “We are excited to continue successfully executing our strategic growth plans with sustainable value creation.