EMR takeover of Sims site divides market

Apr 16, 2014 | 05:07 PM | Sean Davidson

Tags  ferrous scrap, EMR, Eastern Metal Recycling Terminals, Sims Metal Management, Schnitzer Steel Industries, scrap exports, Sean Davidson

NEW YORK — A change in operational control of a deep-sea facility shipping ferrous scrap out of New Haven, Conn., has divided market opinion on what it means for the companies involved and the region.

Eastern Metal Recycling Terminals LLC, a subsidiary of U.K. recycler European Metal Recycling Ltd. (EMR), has taken over the lease of a New Haven facility previously operated by New York-based Sims Metal Management Ltd. (amm.com, April 15).

Details of the winning bid for the lease are still unclear.

Sims didn’t respond to a request for comment, while a spokesman for EMR only confirmed the development and said the company had opened for business at New Haven April 14.....

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