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Steelmakers dive into junk business to feed new mills

The steel producers are buying up scrap businesses, seeking a steady supply of raw material from junked cars, old pipes and manufacturing waste for new mills. (Photo: Mint) — The steel producers are buying up scrap businesses, seeking a steady supply of raw material from junked cars, old pipes and manufacturing waste for new mills. **(Photo: Mint)**

4 min read . Updated: 03 Jan 2022, 04:41 PM IST Bob Tita, The Wall Street Journal

Nucor, Cleveland-Cliffs and other steelmakers acquire scrap collectors as new mills push up demand for recycled metal, tighten supplies

U.S. steel producers are buying up scrap businesses, seeking a steady supply of raw material from junked cars, old pipes and manufacturing waste for new mills.

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Steelmakers dive into junk business to feed new mills

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