Ferrous Scrap

Gerdau to buy ferrous scrap recycling ops in Mississippi River Valley

Written by Laura Miller

September 20, 2024

Gerdau Long Steel North America plans to acquire the assets of Dale’s Recycling Partnership.

Brazil-based longs producer Gerdau announced that its US subsidiary has signed an agreement to purchase the assets of Dale’s operations in Tennessee, Kentucky, and Missouri.

The $60-million purchase includes the land, inventory, and fixed assets of the ferrous scrap operator, processor, and recycler.

“This acquisition aims to increase capture of captive ferrous scrap by Gerdau through proprietary channels, supplying raw material to its operations at a competitive cost,” Gerdau SA said in a notice to the market.

According to Gerdau’s website, its Metals Recycling group currently operates 24 scrap yards and five shredders in the US and Canada. It is unclear how many locations this acquisition will add to Gerdau’s recycling operations.

Gerdau Long Steel North America, formerly known as Gerdau Ameristeel, produces various long products, including merchant bar, rebar, structural steel, piling, and wide-flange beams.

The Gerdau mill nearest to Dale’s Recycling operations is in Jackson, Miss. It has an annual capacity of ~550,000 short tons, producing merchant bar, SBQ, and rebar products.

Gerdau did not immediately respond to a request for more information.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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