• Skip to main content

    Product

    November 5, 2024

    Gerdau closes on Dales Recycling buy

    Written by Ethan Bernard

    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

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

    Read more from Ethan Bernard

    Latest in Product

    CRU: Iron ore firms on surging costs

    After a brief dip last month, iron ore prices have resumed their upward trajectory as the war in the Middle East escalates. Elevated costs have established a new pricing norm, keeping iron ore prices firm even as current levels exceed what supply‑demand balance would justify. Meanwhile, Simandou is finally gaining momentum after a slow start. Quality remains the decisive factor for steelmakers sourcing from the seaborne market, reshaping trade flows.