Steel Dynamics Secures Complete Ownership of New Process Steel

Core Insights - Steel Dynamics, Inc. (STLD) has completed the acquisition of the remaining 55% ownership interest in New Process Steel, increasing its total stake to 100% [1][6] - The acquisition aims to enhance Steel Dynamics' value-added manufacturing capabilities and strengthen its commercial relationship with New Process Steel [1][2] Group 1 - New Process Steel is recognized as a reputable metals solutions and distribution company with a strong operational presence in the U.S. and Mexico [2] - The company is known for quality manufacturing, supply-chain reliability, and long-standing customer partnerships, which are essential for Steel Dynamics' strategic expansion [2] - Full ownership of New Process Steel will provide Steel Dynamics with greater access to differentiated and higher-margin opportunities in value-added manufacturing [3] Group 2 - The acquisition aligns with Steel Dynamics' broader strategy to expand manufacturing capabilities that complement its flat-rolled steel operations [3] - New Process Steel has been one of Steel Dynamics' largest flat-rolled customers, making the integration commercially and operationally synergistic [3][6]