Steel Dynamics acquires equity in New Process Steel

Published 20th August, 2025 by Belle Law

“We have enjoyed a strong customer relationship with New Process since our founding,” stated Mark Millett, chairman and CEO of Steel Dynamics.

Steel Dynamics has entered into an agreement to acquire the remaining 55% equity interest in New Process Steel.

New Process Steel is a metals solutions and distribution supply-chain management company based in Houston, Texas.

“We have enjoyed a strong customer relationship with New Process since our founding,” stated Mark Millett, chairman and CEO of Steel Dynamics.

“This acquisition expands our exposure to value-added manufacturing opportunities, while continuing to serve our other long-standing flat rolled steel customer needs.“

Richard Fant, New Process Steel CEO, added: “I believe this is a great opportunity for New Process to grow our value-added metals solutions and supply-chain strategy, to continue to provide our customers with exceptional service and value.”

New Process steel has four manufacturing locations in the US, two of which are already located at Steel Dynamics’ Butler and Columbus Flat Roll Steel divisions.

Belle Law

Digital Content Assistant

Belle is a Digital Content Assistant for Aluminium International Today and Steel Times International. She studied a BA in English and Creative Writing and an MA in Screenwriting. She is also a freelance journalist working across multiple magazines and publications.