Arrium selling OneSteel Recycling assets in US
Jul 05, 2013 | 03:18 PM
| Sean Davidson
NEW YORK A major East Coast scrap recycling company and exporter, OneSteel Recycling Inc., has been put up for sale by its parent company, Arrium Ltd.
The Sydney, Australia-based steel and iron ore producer said in a pre-earnings statement released July 4 that it would offer its U.S. recycling business for sale. Arrium also will look to sell its merchandising businesses that were previously part of its steel distribution segment, as well as its Australian tube mills business.
An Arrium spokesman said that only OneSteel Recyclings U.S. operations were for sale, and not the global entity that operates from 39 locations in the United States, Australia, China, India, New Zealand and the United Kingdom.....
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