Steel Mills
SDI to acquire remaining stake in New Process Steel
Written by Kristen DiLandro
August 19, 2025
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.
The Fort Wayne, Ind,-based steelmaker said the New Process Steel move will grow its value-added manufacturing applications.
Mark D. Millett, chairman and CEO of SDI, said adding New Process Steel will enhance the company’s offerings.
“This acquisition expands our exposure to value-added manufacturing opportunities, while continuing to serve our other long-standing flat-rolled steel customer needs,” Millett stated in the company release on Aug. 19.
The CEO added, “New Process has a reputation for high-quality standards and strong customer relationships. With this next step, we believe New Process will continue to have a number of opportunities for value-added manufacturing growth.”
New Process Steel is headquartered in Houston, but includes four manufacturing locations across the US. Two of its operations are located at Steel Dynamics’ Butler and Columbus Flat Roll Steel divisions. The Texas-based steel manufacturer and supply-chain solutions provider also has two manufacturing locations in Mexico.
The closing details of the transaction are not currently available. The deal is subject to customary closing conditions and awaits regulatory approvals.
Kristen DiLandro
Read more from Kristen DiLandroLatest in Steel Mills
North Star results improve despite buyer caution as tariffs drive prices higher
North Star BlueScope said it is optimistic that US tariffs will bolster selling prices and tighten the spread the Australia-based steel maker suffered in 2025.
AISI: Domestic steel production edges down
US raw steel production declined last week, according to the latest data released by the American Iron and Steel Institute (AISI).
Cliffs inks longer-term contracts with US automakers hedging tariff inflation: Report
Cleveland-Cliffs Inc. has reportedly signed "unusually long" fixed-price supply agreements with multiple US automakers.
USS, government officials give update on Clairton Coke Works incident
U.S. Steel, Allegheny County executive Sara Innamorato, and Pennsylvania Gov. Josh Shapiro clarified details from early reports about the Clairton Coke Works facility explosion just one day earlier.