Brazil: Gerdau expands with $60 million scrap recycling acquisition

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in Melting Scrap

Gerdau Ameristeel, a leading Latin American minimill producing 12.4 mnt of steel annually, is acquiring US-based Dales Recycling for $60 million to enhance its ferrous scrap operations in North America.
The deal encompasses assets in Tennessee, Kentucky, and Missouri, with the goal of securing a reliable supply of raw materials.
Gerdau’s North American subsidiary will manage the acquisition, pending standard closing conditions.

Dales Recycling Partnership ferrous Ferrous Scrap ferrous scrap operations Gerdau Gerdau Ameristeel Kentucky North American minimill North American subsidiary SCRAP Tennessee

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