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
Mexico’s TYASA breaks ground on SBQ rolling mill
Mexican steelmaker Talleres y Aceros (TYASA) broke ground this month on the construction of a new special bar quality (SBQ) rolling mill in the state of Veracruz.
Goncalves sees more US trade actions ahead, says Nippon deal for USS has ‘zero chance’
Cleveland-Cliffs’ Lourenco Goncalves thinks trade measures announced by the US government on Tuesday against China were just the opening salvo in a series of trade actions. Case in point: The Biden administration targeted China’s “unfair” trade policies with additional tariffs on an array of Chinese-made goods - including steel, aluminum, and EVs.
Nucor holds weekly HRC price steady after last week’s cut
Nucor chose to hold its consumer spot price (CSP) for hot-rolled (HR) coil steady this week after stunning the market last week with a significant price decline. The steelmaker said in a letter to customers on Monday morning that its $760-per-short-ton (st) CSP base price for HR coil is effective immediately. The price is unchanged from the CSP announced on May 6 but down $65/st from $825/st April 29.
Nucor’s Jellison set to retire, Spicer tapped for EVP role
Nucor said EVP Douglas J. Jellison plans to retire on June 8 after more than 33 years with the company. Randy J. Spicer will be promoted to EVP effective May 12.
Republican Senators demand Biden block USS sale to Nippon
Three vocal Republican senators are demanding that President Joe Biden block the sale of U.S. Steel to Japan’s Nippon Steel.