Richard "Dick" Teets
Richard "Dick" Teets: The New Steel Industry in the United States, 1975-2010 from Global Mining and Materials Research Project.
Conducted by Paul Burnett in 2014, Regional Oral History Office, The Bancroft Library, University of
California, Berkeley, 2015.
Dick Teets, Jr. is Executive Vice President of Steel Dynamics, Inc. and Chief Operating Officer for all of the company’s steelmaking divisions. He began his career in the late 1970s as a mechanical engineer for J&L Steel, which later became LTV. In the late 1980s, he joined Nucor, where he supervised the construction of the first thin-cast slab steel plant, which was one of the first large-scale mini-mill plants in the United States. He was a participant in early experiments in partnerships with Japanese steelmakers in the US, and was a witness to the accelerating encroachment of the newer mini-mills on the markets of the traditional “Big Steel” companies. In the early 1990s, Mr. Teets co-founded his own company with former executives at Nucor, called Steel Dynamics, Inc. He helped lead the company through a long period of rapid growth, helping to build and manage the capacity for manufacturing numerous different types of steel products. Today, Steel Dynamics is the fifth largest steel company in the United States.
For over twenty years, the Regional Oral History Office (ROHO) produced in-depth oral histories of members of the mining community, under a project called "Western Mining in the Twentieth Century," which was overseen by Eleanor Swent. The 104 interviews in the project covered the history of mining in the American Southwest, Mexico, South America, and Australia from the 1940s until the 1990s.
ROHO has recently changed its name to the Oral History Center of the Bancroft Library, and with that change we proudly announce a new project entitled “Global Mining and Materials Research,” which will focus on key transitions in technology, policy, and geopolitics that have brought mining to its current state worldwide.