"The acquisition of New Process expands our value—added manufacturing capabilities while continuing to meet our other long-standing flat-rental customer needs," said Mark D. Millett. Chairman and CEO of Steel Dynamics. "New Process has a reputation for producing high-quality standards and strong customer relationships. We believe that with this next step, New Process will continue to have opportunities for value-added production growth. We welcome the New Process teams to the Steel Dynamics family."
Steel Dynamics acquires remaining 55 percent of New Process Steel shares
In a press release dated December 1, 2025, Steel Dynamics announced the completion of the acquisition of the remaining 55 percent stake in New Process Steel, a supply chain management and solutions company for metallurgy headquartered in Houston, Texas.
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