Export like the big boys, inventor says

Jul 08, 2005 | 05:39 AM |

Yankee ingenuity is alive, well and hard at work at a six-acre scrapyard in Fontana, Calif.

Advanced Steel Recovery Inc., a ferrous scrap processor, has teamed with an equipment maker and developed an innovative sea-container loading technology that allows it to export ferrous scrap to offshore steel mills, a market that has been dominated by the big scrap export yards for decades.

Its Frankel Advanced Shipping Technologies (FASTek) reduces container loading time to 15 minutes from four hours. More important, though, it has given the landlocked scrapyard access to the high seas.

Nathan Frankel, president of Advanced Steel Recovery, said excess sea containers piling up on the U.S. West Coast prodded him to look for some means of using them. Most come from China and other Asian countries filled with products for the U.S. market and are needed back there.....

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