Aceros Arequipa Acquires Scrapyard Assets in Thampa in Florida
Peruvian steel maker Aceros Arequipa announced the signing of a contract for the purchase of of a shredder and feeder scrap yard in the Tampa in Florida in the United States, thereby expanding operations in US. Details on the amount of the deal have not yet been revealed but media report say that the two major facilities in the deal were previously owned by Maine-based Grimmel Industries. These include Port Manatee Scrap Metal, which has a 6,000-horsepower shredder and is near the Port Manatee deep-water port, as well as St Petersburg-based St Pete Scrap Metal, which serves as a feeder yard and nonferrous scrap processing facility. Both facilities total 29 acres and are expected to collect and supply Aceros with 100,000 tonnes per year of ferrous scrap metal. The acquisition was made through two new subsidiaries Aceros America Port Manatee and Aceros America St Pete.
This acquisition will also strengthen the supply of recycled steel for its new steelworks in Pisco in Peru. Aceros Arequipa is expected to begin melting this month at its new 1.25 million tonne per electric arc furnac, with upgrades to its rolling mill expected to be completed in August. The company plans to export nonferrous scrap generated at the facilities primarily to Asia.
The additional melting capacity has positioned Aceros Arequipa to grow its presence in the seaborne ferrous scrap bulk import market, with plans to import 750,000 tonnes per year in 2022.