We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Steel Dynamics Secures Complete Ownership of New Process Steel
Read MoreHide Full Article
Key Takeaways
Steel Dynamics acquired the remaining 55% of New Process Steel to take full ownership.
The move expands STLD's value-added manufacturing capabilities.
New Process Steel's role as a major flat-rolled customer makes the integration synergistic.
Steel Dynamics, Inc. (STLD - Free Report) announced that it has completed the acquisition of the remaining 55% ownership interest in New Process Steel, bringing its total stake to 100%. The transaction follows the company’s earlier purchase of a 45% minority interest in 2022. The full buyout is intended to strengthen Steel Dynamics’ value-added manufacturing capabilities while deepening its long-standing commercial relationship with New Process Steel.
Steel Dynamics highlighted New Process Steel as a highly respected metals solutions and distribution company with a strong operational footprint across the United States and Mexico. The company noted that New Process Steel has established a reputation for quality manufacturing, supply-chain reliability and long-standing customer partnerships, qualities that Steel Dynamics views as integral to its own strategic expansion into value-added steel processing.
Steel Dynamics emphasized that acquiring full ownership will enhance its exposure to differentiated and higher-margin opportunities within the value-added manufacturing space. The transaction aligns with its broader strategy of expanding manufacturing capabilities that complement its flat-rolled steel operations. Management highlighted that New Process Steel has been one of Steel Dynamics’ largest flat-rolled customers, making the integration both commercially and operationally synergistic.
Shares of STLD are up 17.1% over the past year compared with its industry’s rise of 17.2%
The Zacks Consensus Estimate for EQX’s current fiscal-year earnings is pegged at 52 cents per share, indicating a 160% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with an average surprise of 87%.
The Zacks Consensus Estimate for FSM’s current fiscal-year earnings stands at 83 cents per share, implying an 80.4% year-over-year increase. FSM’s shares have surged 118.5% in the past year.
The Zacks Consensus Estimate for HMY’s 2026 earnings is pegged at $2.68 per share, indicating a rise of 111% from the year-ago level. HMY’s shares have gained 118.7% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Steel Dynamics Secures Complete Ownership of New Process Steel
Key Takeaways
Steel Dynamics, Inc. (STLD - Free Report) announced that it has completed the acquisition of the remaining 55% ownership interest in New Process Steel, bringing its total stake to 100%. The transaction follows the company’s earlier purchase of a 45% minority interest in 2022. The full buyout is intended to strengthen Steel Dynamics’ value-added manufacturing capabilities while deepening its long-standing commercial relationship with New Process Steel.
Steel Dynamics highlighted New Process Steel as a highly respected metals solutions and distribution company with a strong operational footprint across the United States and Mexico. The company noted that New Process Steel has established a reputation for quality manufacturing, supply-chain reliability and long-standing customer partnerships, qualities that Steel Dynamics views as integral to its own strategic expansion into value-added steel processing.
Steel Dynamics emphasized that acquiring full ownership will enhance its exposure to differentiated and higher-margin opportunities within the value-added manufacturing space. The transaction aligns with its broader strategy of expanding manufacturing capabilities that complement its flat-rolled steel operations. Management highlighted that New Process Steel has been one of Steel Dynamics’ largest flat-rolled customers, making the integration both commercially and operationally synergistic.
Shares of STLD are up 17.1% over the past year compared with its industry’s rise of 17.2%
STLD Zacks Rank & Key Picks
STLD currently carries a Zacks Rank of #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Equinox Gold Corp. (EQX - Free Report) , Fortuna Mining Corp. (FSM - Free Report) and Harmony Gold Mining Company Limited (HMY - Free Report) . EQX, FSM and HMY carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) here.
The Zacks Consensus Estimate for EQX’s current fiscal-year earnings is pegged at 52 cents per share, indicating a 160% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, with an average surprise of 87%.
The Zacks Consensus Estimate for FSM’s current fiscal-year earnings stands at 83 cents per share, implying an 80.4% year-over-year increase. FSM’s shares have surged 118.5% in the past year.
The Zacks Consensus Estimate for HMY’s 2026 earnings is pegged at $2.68 per share, indicating a rise of 111% from the year-ago level. HMY’s shares have gained 118.7% in the past year.