American Zinc Recycling LLC (AZR), a provider of environmental services to the U.S. steel industry, announced that Luxembourg-based Befesa S.A. will acquire 100% of its recycling assets for $450 million. In addition, Befesa will invest $10 million for a minority stake in AZR’s downstream refining operation, American Zinc Products (AZP), forming a joint venture with the current ownership. The transaction will create a global leader in recycling electric-arc furnace (EAF) dust. The combined company will include all employees in AZR’s recycling business and will operate under the Befesa name.
TMS International, a provider of outsourced industrial services to steel mills, acquired the business and assets of Stein LLC and Stein Steel Mill Services of Cleveland, Ohio. Stein provides services to steel producers throughout the U.S. Its full-service operations provide metal producers with the flexibility and resources to handle a wide range of steel-mill processing services, such as slag removal and metallics reclamation, scrap handling, scrap management, recycling, raw-material screening, material handling, and maintenance and repair services.
Liberty Steel Group (LSG), part of GFG Alliance, acquired the strategic French steel assets of France Rail Industry business (Hayange) and the Ascoval steelworks. Hayange, located in Moselle, manufactures a range of steel rails for nationally significant infrastructure clients, including France’s national rail operator and the operator of Paris’ metro system. The site, which employs around 430 people, produces over 300,000 metric tons of rail per year. Ascoval, based in Saint-Saulve in northern France, has approximately 270 employees. The plant uses electric-arc furnace (EAF) technology and has the capability to produce 600,000 metric tons of steel blooms, billets and other forged products annually from recycled scrap metal. Ascoval will use recycled steel to supply Hayange, creating an integrated French GREENSTEEL rail business.
American Zinc Recycling (AZR), a provider of environmental services to the U.S. steel industry, announced the restart of production at its updated facility in Rutherford County, N.C. The facility is designed to produce special-high-grade (SHG) zinc using recycled steel-mill dust. It is expected to produce 155,000 tons of SHG zinc annually.
Steel Dynamics Inc. entered into a definitive agreement to acquire Zimmer, S.A. de C.V. as part of its raw-material procurement strategy to support its new Texas flat-roll steel mill, which is currently under construction and expected to begin operations in 2021. Zimmer is headquartered in Monterrey, Mexico, and operates a ferrous and nonferrous scrap metals recycling business. The company's primary operations are comprised of six scrap-processing facilities that currently ship approximately 500,000 gross tons of scrap annually and have an estimated annual processing capability of approximately 2 million gross tons. Zimmer also operates several third-party scrap-processing locations.
Commercial Metals Company opened a 63,000-square-foot addition to its facility in Mesa, Ariz. The expansion will allow the company to produce hot-rolled, spooled steel rebar from mostly recycled scrap metal. The electric-arc furnace (EAF) micro-mill, which opened in 2009, uses a continuous technology and is the first of its type to be successfully operated in the U.S., according to CMC. More than 450,000 tons of scrap metal are recycled each year into steel bar products at CMC Steel Arizona for use in construction and fabrication. The facility produces straight and spooled rebar in a range of sizes and lengths.