Radius Recycling, Inc. (RDUS)

Overview

Radius Recycling, Inc., initially known as Schnitzer Steel Industries, Inc., is a global entity focused on the recycling of ferrous and nonferrous metals and the manufacturing of finished steel products. With its roots dating back to 1906, this Portland, Oregon-based company has established itself in acquiring, processing, and recycling a wide range of salvaged materials. These materials range from vehicles and rail cars to home appliances, industrial machinery, and even construction and demolition scrap. By turning these salvaged goods into valuable commodities, Radius Recycling stands at the forefront of sustainable manufacturing processes, contributing significantly to the circular economy. The company's rebranding from Schnitzer Steel Industries, Inc. to Radius Recycling, Inc. in January 2024 marks a new chapter in its commitment to recycling and steel production on a worldwide scale.

Products and Services

• Recycled Ferrous and Nonferrous Metals:

  Radius Recycling specializes in processing salvaged materials to produce recycled ferrous metal, which serves as a crucial feedstock for finished steel products. In addition, it offers a variety of nonferrous products that emerge from the shredding process. These include mixed metal joint products like zorba (a mix of shredded nonferrous scrap), zurik (shredded nonferrous sensor sorted scrap), and other metals such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.

• Serviceable Used Auto Parts:

  The company also delves into the automotive sector by acquiring salvaged vehicles and retailing serviceable used auto parts. These parts are sold through its self-service auto parts stores, offering an economical alternative to new parts for vehicle owners and repair businesses.

• Finished Steel Products:

  Using recycled ferrous metal and other raw materials, Radius Recycling manufactures a range of finished steel products. This includes semi-finished goods like billets and finished goods such as rebar, coiled rebar, wire rods, merchant bars, and other specialty products. These products cater to a diverse clientele, from steel service centers to construction industry subcontractors and major suppliers in the farm and wood products industry.

• Precious Metal Recovery from Catalytic Converters:

  Radius Recycling processes catalytic converters to extract nonferrous precious metals, including platinum, palladium, and rhodium. This service not only contributes to the recycling of valuable resources but also adds an essential vertical to the company's metal recovery operations.

• Recycling and Related Services:

  The company extends its expertise to offer a suite of recycling-related services. This encompasses scrap brokerage, certified destruction, railcar dismantling, and reverse logistics, which are marketed under the 3PR brand name. These services further exemplify Radius Recycling's comprehensive approach to recycling and sustainability.