What New Process Steel does

New Process Steel, L.P. (also doing business as New Process Metal Solutions) is a privately held steel service center and metal solutions provider founded in 1906 and headquartered in Houston, Texas. The company specializes in value-added processing of flat rolled steel and carbon steel products, offering slit steel, cut-to-length, fabrication, and distribution supply-chain management services. It operates six processing plants across the United States (Houston, Butler IN, Columbus MS, and Chicago/Alsip) and Mexico (two Monterrey-area facilities), plus two sales offices in Birmingham, AL and Alsip/Chicago, IL.

The company serves a broad horizontal base of metal-consuming OEMs in North America, ranging from small enterprises to Fortune 500 customers, with a sales-led, direct relationship-based go-to-market motion built around tailor-made metal solutions rather than standardized catalog offerings. Two of its U.S. processing facilities are co-located with Steel Dynamics' Butler and Columbus Flat Roll Steel units, reflecting a deep supplier relationship that culminated in Steel Dynamics' January 2022 acquisition of a 45% minority interest and the December 1, 2025 acquisition of the remaining 55% equity, making New Process Steel a wholly-owned subsidiary of Steel Dynamics, Inc. (NASDAQ:STLD) while continuing to operate independently under existing management.

New Process generates revenue primarily through transaction-based pricing on steel products and steel-related services; specific contract pricing is not publicly disclosed and is handled via custom quotes to B2B customers. Prior to full acquisition, New Process was Steel Dynamics' single largest flat roll steel customer, underscoring the strategic significance of the relationship. The company employs approximately 1,275 individuals across all locations and maintains no disclosed AI, software platform, or digital product surface beyond a corporate website and customer-facing job application flow.

Name

New Process Steel

Legal name

New Process Steel, L.P.

Website

https://nps.cc

Company type

Private

Founded year

1924

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

New Process Steel is a Houston-based steel service center founded in 1906 that provides value-added flat rolled and carbon steel processing and distribution supply-chain services to metal-consuming OEMs across North America, now operating as a wholly-owned subsidiary of Steel Dynamics.

Ownership category

akta.pro rank

Product category

Steel Processing & Distribution

NAICS

Steel Product Manufacturing from Purchased Steel (3312), Rolling and Drawing of Purchased Steel (33122)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL)

Keywords

• Flat rolled steel
• Carbon steel processing
• Steel service center
• Metal solutions distribution
• Steel supply chain

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Steel Products and Steel-Related Services: New Process Steel generates revenue primarily from steel products and steel-related services, including metals solutions and distribution supply-chain management services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

New Process Steel is a metals solutions and distribution company that processes and supplies flat rolled steel and carbon steel products to metal-consuming OEMs across North America. The company provides value-added processing services such as slitting and cut-to-length operations, as well as supply chain management for steel and aluminum, delivering tailor-made metal solutions rather than standardized offerings.

Product overview

New Process Steel is a single unified offering centered on metal solutions and distribution services. The company operates as a metals solutions provider offering customized steel processing, fabrication, and supply-chain management to serve a broad range of metal-consuming OEMs in North America. Their portfolio consists of core metal processing capabilities delivered through strategically located facilities across the U.S. and Mexico.

Differentiator

Problem solved

Functional benefit

Products and services

• Metal Solutions Services

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Olympic Steel: Mid-sized North American metals service center specializing in flat-rolled steel processing, cut-to-length, slitting, and value-added fabrication serving OEMs. Directly comparable business model, customer base, and processing footprint to New Process Steel.
• Worthington Industries: Major steel processor offering value-added processing of flat-rolled steel, including slitting, cut-to-length, and blanking for OEM customers. Comparable processing capabilities and customer segments to New Process Steel.
• Kloeckner Metals: Global metals distribution and service center company with significant North American operations in flat-rolled steel processing and value-added fabrication. Serves similar OEM customers with similar processing services.
• Steel Technologies LLC: Flat-rolled steel processor with operations co-located at steel mill facilities, providing blanking, slitting, and cut-to-length services to OEMs. Closely comparable processing model, customer base, and mill-adjacent footprint to NPS.

Broad incumbents

• Reliance Steel & Aluminum Co. Largest metals service center company in North America, processing and distributing steel, aluminum, and other metals. Operates a much broader and more diversified footprint than NPS but competes head-to-head in flat-rolled steel processing for OEMs.
• Schnitzer Steel Industries: Pacific Northwest-based metal recycler and steel products manufacturer. Operates a metals recycling business alongside a steel mill and downstream products, competing for OEM steel supply in the broader market.
• United States Steel Corporation: Integrated steel producer that has expanded into downstream value-added processing through subsidiaries. Competes with NPS both as a primary steel supplier and increasingly as a direct processor serving OEM customers.
• Nucor Corporation: Largest steel producer in the United States with growing value-added processing operations serving OEMs directly. Competes with NPS as a primary steel supplier and as an emerging service center competitor.
• ArcelorMittal: Global integrated steel producer with downstream processing and distribution operations across North America. Competes in the broader steel supply chain for OEM customers and is adjacent to NPS in service center-style activities.

Regional players

• Russel Metals: Canadian-headquartered metals service center distributing and processing steel and other metals across North America. Operates similar flat-rolled processing services targeting OEM and industrial customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Process Steel