Steel Dynamics, Inc. has reached an agreement to purchase two metals recycling facilities in the Ohio Valley area. The facilities are Elizabethton Iron & Metal, Elizabethton, Tenn., and Johnson City Iron & Metal, Johnson City, Tenn. Combined the two yards are expected to process more than 225,000 tons of ferrous scrap per year.
These yards will likely supply a portion of the ferrous scrap requirements to SDI's Roanoke Bar Division in Roanoke, Va., as well as sell ferrous and non-ferrous materials on the open market.
The two yards will add to the steel scrap supplied to the Roanoke mill by Shredded Products LLC, which SDI owns. That company operates two plants in Virginia, one in Rocky Mount, the other in Montvale.
When the acquisitions are complete the four years are expected to supply more than half the ferrous scrap consumed by the Roanoke Bar Division.
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