Steel Dynamics Secures Complete Ownership of New Process Steel

Steel Dynamics, Inc. STLD 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% Image Source: Zacks Investment ResearchSTLD Zacks Rank & Key PicksSTLD currently carries a Zacks Rank of #3 (Hold). Some better-ranked stocks in the Basic Materials space are Equinox Gold Corp. EQX, Fortuna Mining Corp. FSM and Harmony Gold Mining Company Limited HMY. 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. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Steel Dynamics, Inc. (STLD): Free Stock Analysis Report Harmony Gold Mining Company Limited (HMY): Free Stock Analysis Report Fortuna Mining Corp. (FSM): Free Stock Analysis Report Equinox Gold Corp. (EQX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks