NEW YORK ArcelorMittal SA
has sold two scrap facilities in Canada to a large metals
recycling company, sources have told AMM.
The steelmaker has sold two
scrap collection facilities in New Brunswick to Montreal-based
recycler American Iron & Metal LP (AIM), several market
Neither company responded to
requests for comment.
However, calls put in to scrap
facilities previously registered to ArcelorMittal in Bathurst
and Scoudouc, New Brunswick, were answered by AIM.
A call to the Bathurst facility
was answered by an employee of AIM, while a call to the
Scoudouc plant was answered by a machine with a message that
said, "Welcome to American Iron Recycling Scoudouc."
ArcelorMittal operated a
shredder at the Scoudouc facility, with one source saying the
shredder was "outdated."
AIM isnt currently
operating the shredder at Skoudouc, a second source said.
Because neither company has
confirmed the development, no details were available on the
reason for the sale or the acquisition cost.
"It makes sense for AIM to
expand in New Brunswick because they already have a big
operation there and have invested heavily in the area," a third