Wheeling-Pitt, Herman Strauss Form Scrap Partnership

Two Wheeling-based companies, Wheeling-Pittsburgh Steel Corp., and Herman Strauss, Inc., announced a scrap agreement that makes Herman Strauss the scrap steel operator and exclusive scrap steel provider to Wheeling-Pittsburgh Steel. As part of the agreement, Herman Strauss will build, own and operate the scrap facility that will supply all of Wheeling- Pittsburgh Steel's scrap needs, including for its Electric Arc Furnace.

Construction of the EAF, which is located at Wheeling Pittsburgh Steel's Mingo Junction Plant, is scheduled for completion this fall.

"This innovative agreement ensures that Herman Strauss, Inc. will play an important role as Wheeling-Pittsburgh Steel begins its evolution to a company using the most modern EAF technology available in the world today," said Donald E. Keaton, Wheeling-Pitt’s vice president, Steel Manufacturing and Procurement.

Herman Strauss, Inc. is expected to provide in excess of 100,000 tons per month of steel scrap to Wheeling-Pittsburgh Steel. In addition to steel scrap, Herman Strauss will handle other raw materials that can be used as feedstock to the EAF, including pig iron and hot briquetted iron HBI.

"We will have access to steel scrap from the entire eastern half of the United States using barges that have access to the entire Mississippi and Ohio river waterway systems, as well as two railroads that service our Mingo Junction Plant," Keaton noted. Locally generated scrap will continue to be trucked into the plant.