01
Feb
19:01
SDI closes on acquisition of New Process Steel
US steelmaker Steel Dynamics Inc now holds a minority equity interest in its largest flat rolled steel customer, New Process Steel.
The companies closed on the previously-announced acquisition this week. Terms of the deal were not disclosed. New Process ceo Richard Fant will remain the majority 55% equity holder, Kallanish understands.
New Process Steel is a processor and distributor based in Houston, Texas. It operates two manufacturing facilities in Mexico and …
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Very good overview of the weekly steel market.
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