Steel Dynamics Acquires Remaining 55% Stake in New Process Steel

-2.25%

Steel Dynamics, Inc.

STLD

168.75

-2.25%

Steel Dynamics has completed the acquisition of the remaining 55% equity interest in New Process Steel, L.P., a metals solutions and distribution supply-chain management company based in Houston, Texas. New Process Steel focuses on value-added manufacturing applications. With this transaction, Steel Dynamics now fully owns New Process Steel, further expanding its presence in value-added manufacturing and distribution. The update was disclosed by Steel Dynamics, Inc.

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