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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here