Steel Dynamics, Inc. has completed acquisition of the remaining 55 percent equity interest in New Process Steel, L.P. New Process Steel is a metals solutions and distribution supply-chain management company headquartered in Houston, Texas, with a focus toward growing its value-added manufacturing applications.
New Process Steel is a prominent North American metal products manufacturer and supply-chain solutions provider, headquartered in Houston, Texas, with two manufacturing locations in Mexico and four manufacturing locations in the U.S., two of which are located at Steel Dynamics’ Butler, Indiana and Columbus, Mississippi divisions.
New Process Steel was purchased in 1952 by Gene Fant, the father of New Process’ chief executive officer, Richard Fant. Fant has significantly grown, modernized and diversified New Process during his over 25 year tenure as chief executive officer. New Process employs approximately 1,275 individuals and is currently Steel Dynamics’ single largest flat roll steel customer.
Published January 2026