Steel Mills

Nucor Subsidiary Buys Cincinnati Scrap Assets
Written by Ethan Bernard
October 16, 2023
River Metals Recycling (RMR), a subsidiary of Nucor, has acquired all the Cincinnati-based assets of Garden Street Iron & Metal.
This includes one feeder and one shredder yard of the recycler, Charlotte, N.C.-based Nucor said on Monday. It brings RMR’s total number of recycling facilities to 19. The feeder yard is located in Harrison, Ohio, a Nucor spokesperson told SMU.
The steelmaker noted that in December 2021, another Nucor scrap recycling affiliate, Trademark Metals, bought Garden Street’s recycling facilities in Fort Myers, Fla.
“We are excited to welcome the Garden Street teammates to the RMR/Nucor family,” Bob Eviston, VP and GM of RMR, said in a statement.
“This key strategic acquisition will allow us to increase our supply of sustainable raw materials for our growing steelmaking capacity in the region,” he added.
Nucor said the 43 employees of Garden Street have been offered positions with RMR. Also, the facility will be rebranded under the RMR name.
Fort Mitchell, Ky.-based RMR bills itself as the “largest scrap recycler in Kentucky and the Greater Cincinnati area,” according to the statement. RMR operates locations in Indiana, Kentucky, Ohio, and West Virginia.
It is a wholly owned subsidiary of Cincinnati-based Nucor subsidiary The David J. Joseph Company (DJJ).
Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills
Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
Algoma’s losses widen in Q3 as tariff troubles continue
Algoma Steel’s net loss more than quadrupled in the third quarter on trade woes and its EAF transition. Separately, the company announced a change in leadership, as CEO Michael Garcia will retire at the end of the year.
Cliffs, POSCO announce MoU for ‘transformative’ partnership
Cleveland-Cliffs on Thursday said it had signed a memorandum of understanding (MoU) with POSCO to forge a strategic partnership, one Cliffs bills as "transformative."
Cliffs touts steel stamping solution to replace aluminum in automotive
Cliffs said it successfully completed a defect-free trial production of exposed steel parts using aluminum-forming equipment in collaboration with an unnamed OEM,
Nucor navigates mixed flat-rolled markets with strategic muscle
Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.
