Metal Management Looks to Boost Stainless Scrap Handling

Metal Management, Inc. announced plans to more than double the number of company locations that buy, process, and sell stainless steel scrap.

Albert Cozzi, Metal Management's chairman and CEO noted, "The company has historically concentrated stainless steel scrap processing operations in five facilities - Chicago, Pittsburgh, Newark, Hartford and North Haven (CT). Beginning this month, we will commence handling stainless steel scrap at our Birmingham, Cleveland and Memphis locations. Over the next two months, we will add our Denver, Phoenix and Toledo facilities to that list."

Cozzi added, "By more than doubling the locations that handle and process stainless steel scrap, Metal Management will build upon its reputation as a recognized domestic leader in that market segment. Each of the six strategically positioned operations that will begin to buy and process stainless scrap will allow us to leverage our existing ferrous scrap handling equipment and capabilities at these facilities. Further, the geographic diversity of these six locations complements our current stainless steel scrap processing facilities. As a result, the Company will be able to better serve both the generators of stainless steel material and the consumers of that material across the country and internationally."