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    Market Segment

    March 14, 2025

    Toyota Tsusho America to acquire Radius Recycling for $1.34 billion

    Written by Laura Miller

    Radius Recycling is set to be acquired by Toyota Tsusho America in a transaction valued at $1.34 billion.

    Radius, previously known as Schnitzer Steel, is a scrap recycler with 54 facilities in 25 states, Puerto Rico, and western Canada. It also operates Cascade Steel Rolling Mills, an EAF mill in Oregon that produces rebar, merchant bar, and wire rod. It also has 50 Pick-N-Pull used auto parts stores.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

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