WIDE REACH Scrap Processors - RK Scrap Buyers Chennai
WIDE REACH Scrap Processors - RK Scrap Buyers Chennai
Although the power of the five largest scrap companies is impressive, the next several largest companies still deals in scrap volumes that make them major players in the overall scrap arena.
On the Pacific Coast, Schnitzer Steel Products Co., Portland, Ore., has become a major processor and exporter and of ferrous scrap, while the steelmaking portions of its parent company (Schnitzer Steel Industries Inc.) are major consumers of ferrous scrap.
Large shredder yards in Portland, Oakland and Tacoma, Wash., are where much of the ferrous scrap processing takes place. Some of this scrap is exported to Asian destinations, while some is prepared for domestic mills, including the company’s Cascade Rolling Mills division, which makes steel rod, wire and rebar.
Some of the company’s scrap operations are joint ventures with Hugo Neu Corp. that extend the company’s reach into the eastern half of the U.S.
A recent company effort to reach deeper into the scrap stream involves ownership of auto dismantling subsidiary PNP (Pick-N-Pull) Auto Parts.
Figures from the company’s most recently completed financial quarter reflect the strong markets for ferrous scrap and for finished steel. Schnitzer Steel Industries Inc. reported net income of $12.2 million on revenue of $128.4 million, compared to net income of $2.9 million on revenue of $90.7 million from the same time the previous year.
PSC Metals is the operating name now used by the metals recycling division of Philip Services Corp. The PSC Metals division is also based in the Great Lakes region of the U.S., with its corporate office in Cleveland.
The company’s operations are more dispersed, with facilities in both northern and central Ohio as well as in Pennsylvania, Tennessee, Missouri and Illinois.
Much like Metal Management, PSC Metals was formed during the consolidation wave of the 1990s. Some of the company’s facilities trace back to the Luria and Luntz organizations in Ohio and the Steiner-Liff and Southern Foundry companies in Tennessee.
Parent company Philip Services has twice been in bankruptcy, with the first time occurring in 1999 and 2000. The company just re-emerged in January from its second reorganization under bankruptcy terms, having filed under Chapter 11 rules in June of 2003.
One of the most wide-reaching names in scrap belongs to the David J. Joseph Co. (DJJ), Cincinnati. The company’s trans-oceanic brokerage service reaches into most parts of the world. http://bulkscrapbuyerschennai.in And in North America, it has built a powerful ferrous processing business centered on auto shredding operations divided into three regional operating units.
River Metals Recycling processes some 700,000 tons of ferrous scrap annually in Kentucky, while Trademark Recycling handles a similar amount in the state of Florida. Out west, Western Metals Recycling is another DJJ operating unit.
In 1975, the company was purchased by a Dutch holding company called SHV Holdings. In addition to processing scrap, DJJ also brokers large amounts of scrap and offers complimentary logistical, transportation and industrial services.
Pittsburgh is the traditional Steel City and the home of AMG Resources Corp. The AMG stands for Allan M. Goldstein, who grew up as the son of a scrap dealer, became an attorney, but then found himself returning to the scrap world as the CEO of a company that is built around de-tinning facilities and ferrous recovery from the solid waste stream.
AMG processed more than 1.8 million tons of ferrous scrap in 2003, with some of that scrap going through the de-tinning process at U.S. plants in Pittsburgh, Baltimore and in Gary, Ind.
Among the other AMG facilities are ones that recover the ferrous portion of solid waste heading into waste-to-energy plants. In a 2003 feature story ("Sharp Focus," Recycling Today, May 2003, pg. 22), Goldstein credits a knowledgeable and hard-working research team for helping AMG successfully delve into these niche markets. The company also offers what it calls "turnkey scrap management" to large scrap generators.
In the Lone Star state and beyond, Commercial Metals Co. (CMC), Dallas, has established itself as not only a processor of scrap metal, but also as a major consumer with its SMI steel operations.
The company’s SMI division runs four EAF steel mini-mills, while other CMC divisions offer finished steel, copper products and concrete building materials.
Starting from one scrap yard in 1915, CMC now has more than 30 scrap processing facilities, with its largest presence in the southern states of Texas, Florida, Tennessee, Alabama, Louisiana, Arkansas and South Carolina. In addition to the 1.4 million tons of ferrous scrap it processed in 2003, the company also handles and trades large amounts of nonferrous scrap. View More
ReplyDeletehousehold scrap buyers in chennai