Top Industry Leaders in the Metal Recycling Market
Metal Recycling Market
- October 2023- Nucor Corporation revealed an acquisition on October 20th on behalf of its recycling subsidiary, River Metals Recycling (RMR). RMR has finished the acquisition of all Cincinnati-based Garden Street Iron & Metal assets, including one feeder and one shredder yard, bringing RMR's total number of recycling facilities to 19. This is consistent with Nucor's raw materials strategy and demonstrates its commitment to expanding the regional recycling platforms supporting the company's steel mills. The Vice President and General Manager of RMR, Bob Eviston, said that they are very happy to welcome the Garden Street teammates to the RMR/Nucor family. He further added that the vital strategic acquisition will allow us to increase their supply of sustainable raw materials for the company's growing steelmaking capacity in the region. The 43 employees of Garden Street have been offered positions with RMR. The acquisition will broaden RMR's footprint in the industry, and the company will institute its best-in-class equipment, operational protocols, and safety standards at the facility, which will be rebranded under the RMR name. RMR is proud to carry on the legacy of Garden Street, which has operated in Cincinnati since 1958, and proud to be part of the sustainable steel supply chain. In December 2021, another Nucor scrap recycling affiliate, Trademark Metals, purchased Garden Street's recycling facilities in Fort Myers, Florida. RMR is the largest scrap recycler in Kentucky and the Greater Cincinnati area and operates locations in Indiana, Kentucky, Ohio, and West Virginia. RMR is a wholly owned subsidiary of Cincinnati-based The David J. Joseph Company (DJJ). This Nucor subsidiary is one of the largest scrap brokers/processors in the United States, providing scrap brokerage, recycling, and transportation services.
List of the Key Companies in the metal recycling market include
- ARCE AURUBIS AG
- REAL ALLOY
- ARCELOR Mittal S.A.
- LOR Mittal S.A
- Nucor Corporation
- Commercial Metal Company
- NOVELIS Inc.
- Norton Aluminium Ltd.
- KUUSAKOSI
- European Metal Recycling
- DOWA Holdings Co. Ltd.
- Sims Metal Management
- Tom Martin & Co. Ltd., among others
