Ferrous Scrap

DJJ subsidiary opens recycling facility in Florida
Written by Stephanie Ritenbaugh
November 21, 2024
Trademark Metals Recycling opened an advanced metal recovery facility in Bushnell, Fla.
The 100,000-square-foot facility encompassing several buildings will use the latest recycling technology to produce raw materials that will re-enter the supply chain, the company said.
About $150 million was invested in the project, not including the land purchase, Trademark said. The facility employs 67 staff members across two shifts.
“We are very fortunate to have a partner such as TMR investing in our community,” said Sumter County Vice Chairman Jeffrey Bogue. “The technology that TMR is bringing to this community will create long-term high-paying jobs while providing for sustainability in the recycling industry.”
Trademark Metals Recycling LLC is a wholly owned subsidiary of The David J. Joseph Company, (DJJ), one of the largest scrap brokers/processors in the country. DJJ is part of Charlotte, N.C.-based steelmaker Nucor Corp.

Stephanie Ritenbaugh
Read more from Stephanie RitenbaughLatest in Ferrous Scrap

How will scrap market handle fall outages?
The question among scrap players is can the market hold its level in the face of coming mill outages? Opinions are divided on the subject.

Sims’ long-term outlook bright, sees tariffs boosting US scrap demand
Australia-based global recycler Sims Ltd. has a rosy long-term outlook, while the company said tariffs are supporting US demand for ferrous scrap.

Bipartisan Congressional Recycling Caucus gets relaunch
Rep. Haley Stevens (D., Mich.) has announced the relaunch of the bipartisan Congressional Recycling Caucus.

CRU: Global scrap prices diverge even as US market holds flat
The CRUmpi rose by 0.8% month over month (m/m) to 286.1 in August, following four consecutive months of decline. Scrap prices showed mixed trends across major regions, largely influenced by local supply-and-demand dynamics, government policies, and the relative strength of finished steel markets. US prices were stable while Europe and Asia saw price increases, but […]

US scrap export market seeks footing
The US scrap export market has traded sideways or slightly less for about 60 days, with no real firmness in sight.