SA Recycling enters iron ore trade
Mar 29, 2013 | 10:14 AM
| Sean Davidson
NEW YORK Southern California is set to export its first bulk shipment of iron ore, with one of the states largest ferrous and nonferrous scrap processors and exporters, SA Recycling LLC, entering the trade.
The company has started loading a vessel with 50,000 tonnes of iron ore sourced from southwestern mines.
It will be the Orange, Calif.-based recyclers first venture outside the scrap metal industry, which has faced serious challenges over the past year, chief executive officer George Adams Jr. said.
"We dont have the scrap business like we used to have down here," Adams told AMM. "Ive been working hard to find other commodities that we can handle. I looked at a lot of commodities: wood chips, coal ... I looked at every type of bulk commodity that went through this port that we could make money off, but none of them really fit with our business. Iron ore did."....
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