December 02, 2008

OmniSource to upgrade Toledo steel scrap processing location

Platts reported that US based scrap processor OmniSource plans to invest approximately USD 9 million to replace the shredding operation at its Detroit Avenue location at Toledo in Ohio.

OmniSource announced that the revamped operation will ensure increased metals recovery and produce a high quality shredded steel product for regional steel mills.

OmniSource, founded in 1943 to supply scrap metal during World War II, has grown to be one of North America's largest scrap recycling firms. Headquartered in Fort Wayne, the company has 42 processing facilities and handles more than 6 million tons of ferrous scrap and 900 million short tons of nonferrous metals annually.