Irving, Texas-based Commercial Metals Co. (CMC) has announced the acquisition of Advanced Steel Recovery LLC (ASR), a scrap processing firm based in Fontana, California.
Calling ASR “a leading supplier of recycled ferrous metals,” CMC says the acquired firm’s operations include “processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets.” ASR handles approximately 300,000 tons of ferrous and nonferrous scrap annually via its collection, processing and brokerage activities, CMC says.
"The acquisition of ASR is a key strategic step to support CMC’s growth in the Western United States,” says Barbara Smith, board chair, president and CEO of CMC. “Our Arizona 2 micro mill remains on-track to start up in early calendar 2023, and with the commencement of operations will come the need for a secure, cost-effective supply of ferrous scrap. ASR’s capabilities will help ensure that both of CMC’s world-class mills in Arizona will have continued reliable access to vital raw materials.”
Advanced Steel is known in part for its marketing of FASTek container loading technology, championed by its owner and President Nathan Frankel.
CMC operates seven electric arc furnace (EAF’) minimills, two EAF micromills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and about 40 scrap metal recycling facilities. The majority of its operations are in the United States, although it also has a presence in Poland.