Steel Dynamics completed the acquisition of Zimmer.

Steel Dynamics, a steel producer based in Fort Wayne, Indiana, completed the acquisition of Zimmer, a ferrous and nonferrous scrap metals recycling business. Financial terms were not disclosed. "We sincerely welcome the Zimmer team into the Steel Dynamics family. Combined with our existing metals recycling presence in Mexico, the acquisition of Zimmer expands our commercial presence in the region and strengthens our raw material supply strategy, allowing for cost-effective ferrous scrap procurement for our new Texas flat roll steel mill. Zimmer provides a platform to grow our metals recycling presence in Mexico and represents a meaningful achievement in our raw material sourcing strategy for our Texas flat roll steel mill," Mark D. Millett, Steel Dynamics President and CEO.