Omnisource Corporation

Founded in Fort Wayne, Indiana, more than 65 years ago, OmniSource Corporation has grown to become one of North America's largest processors and distributors of scrap and secondary metals. We collect, process, and resell a wide variety of scrap metal. The company in 2010 shipped 5.2 million gross tons of recycled steel and 961 million pounds of nonferrous scrap. Their primary collection and processing facilities are in the Midwest, the Southeast, and the mid-Atlantic regions of the United States. But their reach stretches across North America, utilizing a wide-ranging fleet of trucks and containers, railcars, and barges to collect and haul metals. We expect to continue to expand OmniSource's footprint, deploying their processing assets to cover new geographical territories, opening new feeder yards, and making targeted acquisitions. Supplementing their company-operated scrap collection sites, they also acquire metals from industrial scrap generators with which they have established strategic partnerships. They have designed and installed customized metals-recycling programs, some of which they manage and operate, for manufacturing companies nationwide. Their national brokerage and trading operations serve both metals buyers and sellers, providing the market intelligence and insights needed to optimize transaction value. OmniSource was acquired in 2007 by Steel Dynamics, Inc., and operates independently as a wholly owned subsidiary.

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