Steel Products
AIM Acquires Canadian Recycler Fern Piche & Sons
Written by David Schollaert
December 16, 2021
American Iron & Metal (AIM) has purchased Fern Piche & Sons Ltd., a metal recycler based in North Bay, Ontario, a company spokesperson confirmed to Steel Market Update.
Although the details of the strategic acquisition were not disclosed, Montreal, Québec-based AIM completed the deal on Dec. 1, extending its regional reach and adding to its worldwide capacity.
Fern Piche & Sons operates a sole yard in North Bay, where it has been in business for more than 40 years, providing services such as scrap collection, scrap pickup, scrap metal removal and on-site crushing, according to its website.
AIM is a global leader in the recovery and recycling of scrap metal and one of the most sophisticated metal recyclers in North America. At its more than 90 sites worldwide, AIM collects, weighs, sorts, conditions, and recycles scrap metals including iron, steel, copper, aluminum, stainless steel and various alloys.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Steel Products
Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]