Ferrous Scrap

MetalX founder, former OmniSource CEO Danny Rifkin passes, funeral April 6
Written by Michael Cowden
April 3, 2025
MetalX Founder and CEO Danny Rifkin – born in 1954 – died on April 1, surrounded by family.
“Danny will be remembered for his vision, generosity, and lasting impact – in business, in community, and in the hearts of all who knew him,” the company said in a press release.
A service will be held on Sunday, April 6, at the D.O. McComb & Sons Funeral Homes – Covington Knolls, in Fort Wayne, Ind., according to Rifkin’s obituary.
Rifkin founded scrap recycler MetalX in 2012 with his son Neal. MetalX was acquired in in 2021 by Australia’s BlueScope Steel for $240 million. The move came as steelmakers looked to secure sources of valuable prime scrap.
Rifkin started his career with OmniSource, one of the largest recyclers in the US, where he rose to become president and CEO.
Steel Dynamics Inc. (SDI) acquired the company in 2007 in a deal valued at more than $1 billion, according to Reuters. The price tag at the time shocked some in the market. It also heralded the rise of EAF steelmakers and the inherent value of recycled materials.
Rifkin was deeply committed not only to the recycling industry but also to his community and to his faith, MetalX said. He founded the Fort Wayne Center for learning, which helped children with learning differences. He was also devoted to the Jewish Federation of Fort Wayne and worked to preserve the memory of the Holocaust.

Michael Cowden
Read more from Michael CowdenLatest in Ferrous Scrap

US scrap exports listless, echoing domestic mart
The ferrous scrap export market off the US East Coat and Gulf Coast has remained basically sideways over the last month. This mirrors the lack of movement in the US domestic market.

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.