PITTSBURGH Rumors are
swirling that Chicago might be getting a new shredded scrap
Recyclers in the dense
steelmaking area have indicated that Chicago-based Acme
Refining Co. and Scrap Metal Services LLC (SMS), Burnham, Ill.,
are entering a joint venture to construct a shredder near the
citys central business district.
Neither company would comment,
but the two are scheduled to close on a 12.88-acre site in
Chicago by the end of the month, according to a manager at the
property. After the property is sold, the current owner and the
business will vacate to make room for the planned scrapyard,
the manager said.
The site, which currently has
three buildings, also offers barge access and is zoned for
industrial use. It also is eligible for several government
Acme would be able to provide
feedstock for a shredder from its scrapyards in and around the
Chicago area, and SMS has a facility about 20 miles from
New York-based Sims Metal
Management Ltd. and Chicago-based General Iron Industries Inc.
both operate shredders in Chicago.