Steel Dynamics Acquires Full Ownership of New Process Steel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
0mins
Should l Buy HMY?
Source: NASDAQ.COM
Acquisition Details: Steel Dynamics, Inc. has completed the acquisition of the remaining 55% stake in New Process Steel, increasing its ownership to 100%, following a previous 45% purchase in 2022.
Strategic Benefits: The full buyout aims to enhance Steel Dynamics' value-added manufacturing capabilities and strengthen its commercial relationship with New Process Steel, which is recognized for its quality manufacturing and supply-chain reliability.
Market Performance: Steel Dynamics' shares have increased by 17.1% over the past year, closely matching the industry average rise of 17.2%, and the company currently holds a Zacks Rank of #3 (Hold).
Earnings Estimates: Other companies in the Basic Materials sector, such as Equinox Gold Corp., Fortuna Mining Corp., and Harmony Gold Mining Company, have shown significant earnings growth projections, with some stocks carrying a Zacks Rank of #2 (Buy).
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Analyst Views on HMY
Wall Street analysts forecast HMY stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 19.710
Low
20.50
Averages
20.50
High
20.50
Current: 19.710
Low
20.50
Averages
20.50
High
20.50
About HMY
Harmony Gold Mining Company Limited is a mining company. It acquires, explores, develops, and operates gold and uranium properties, through its underground and open-pit mines in South Africa, and its Hidden Valley open-pit mine in Papua New Guinea. Its main products are gold bullion and uranium concentrate, extracted from deep-level and surface mining operations. Its segments include South Africa Underground, Surface, and International. In South Africa, its underground operations are located within the Witwatersrand Basin, which includes one in the Klerksdorp goldfield, three in the West Rand, and five in the Free State, in the southern portion of the Witwatersrand Basin. It also has an open pit mine, Kalgold, on the Kraaipan Greenstone Belt as well as several surface treatment operations. In Papua New Guinea, it operates the Hidden Valley mine and Wafi-Golpu project. In Australia, the Company owns the Eva Copper Mine Project. It also owns CSA Copper Mine in New South Wales, Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Production Capacity Uncertainty: The CSA mine produced 40,000 metric tons of copper annually prior to acquisition, but Harmony has not confirmed whether it can maintain or increase this production level, reflecting concerns about future output.
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- Mine Integration Progress: Integration activities at the high-grade CSA copper mine are progressing well, with initial efforts focused on incorporating the mine into Harmony's systems, processes, and culture, showcasing the company's commitment to operational efficiency.
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