Steel Dynamics to Acquire Remaining Stake in New Process Steel

Key Takeaways Steel Dynamics will acquire the remaining 55% stake in New Process Steel.New Process is its largest flat roll steel customer with strong quality standards.The deal adds six facilities and 1,275 employees across the United States and Mexico.Steel Dynamics, Inc. (STLD) has agreed to acquire the remaining 55% equity interest in New Process Steel, L.P. It has entered into a definitive agreement with New Process Steel for the transaction, which is subject to customary closing conditions and receipt ...