PITTSBURGH A Syracuse, N.Y., scrap recycling institution equipped with an auto shredder is shutting its doors after more than a century in the business.
Roth Steel Corp. was closing and would no longer buy scrap after Feb. 27, an employee confirmed to AMM, but it was unclear whether the company might try to reopen at some point. There are between 20 and 25 workers at the facility, a scrap supplier who visits the yard regularly said.
There have been whispers that the company was struggling in the currently competitive environment. Roth, which was founded in 1912, sent an e-mail to customers in early February indicating that it was "finalizing a plan to maintain our working relationships," according to a copy of the letter.
An equipment supplier earlier this week removed all but one of the companys wheel loaders at the facility. An employee at Preble, N.Y.-based Beck Equipment Inc. acknowledged that it picked up the rented equipment, but declined to elaborate whether it was its decision or a request by Roth.
Company executives, including president Joan Roth, could not be reached for comment.
"It is a very sad day, but things have been difficult for a lot of us and this is an example of how bad it can be," one scrap supplier said.