Ferrous Scrap

Gerdau closes on Dales Recycling buy
Written by Ethan Bernard
November 5, 2024
Gerdau Long Steel North America completed its previously announced acquisition of Dales Recycling Partnership, a Tennessee-based operator and processor of ferrous and nonferrous scrap, on Nov. 1.
In late September, Sao Paulo, Brazil-based longs producer Gerdau SA said that its US subsidiary had signed a pact to buy the land, inventory, and fixed assets of Dale’s operations for $60 million.
The company said on Nov. 4 that all precedent conditions had been fulfilled and the deal had gone through.
As previously reported, the buy includes seven recycling centers in Tennessee, one in Kentucky, and one in Missouri.
Gerdau Long Steel North America, previously known as Gerdau Ameristeel, is a Tampa, Fla.-based longs steel producer and metals recycler. The company makes various steel products, which include merchant bar, rebar, structural steel, piling, and wide-flange beams.

Ethan Bernard
Read more from Ethan BernardLatest in Ferrous Scrap

August scrap price direction unclear on ‘reciprocal’ tariff uncertainty
Most market players are hedging their forecasts until the tariffs on imported raw materials are settled. Even then, some are positing the August market will trade sideways.

August scrap outlook hazy on potential tariff impact
Divergent opinions emerge on August's scrap outlook.

CRU: Turkish scrap prices remain flat
Turkish scrap prices were unchanged week over week (w/w), with HMS and Shredded grades assessed at $340 and $355 per metric ton (mt) CFR, respectively.

Miller on Scrap: New US tariffs set to stir up scrap, pig iron markets
President Trump's threatened tariffs on Brazil, USMCA partners, and Europe could shake up the scrap and pig iron markets in August.

Toyota Tsusho completes buy of Radius Recycling
Japan’s Toyota Tsusho Corp. has completed its previously announced acquisition of Radius Recycling.