Steel News

SDI to Acquire Mexican Scrap Recycler

5/16/2022 - Steel Dynamics Inc. today announced it has entered into an agreement to acquire the equity interest of scrap metals recycling business ROCA ACERO S.A. de C.V. ("ROCA"), based in Monterrey, Mexico.

ROCA's primary operations comprise four scrap processing facilities throughout Central and Northern Mexico. These facilities currently ship a combined 575,000 gross tons of scrap annually.

"Combined with our existing North American metals recycling facilities, the addition of ROCA significantly strengthens our raw material procurement strategy in the region," said Mark D. Millett, SDI chairman, president and chief executive officer. 

"After closing the ROCA transaction and fully integrating our Mexican metals recycling operations, we believe our Mexican scrap facilities will provide an even more meaningful competitive advantage to our U.S. electric arc furnace steel operations, while also providing a high-quality, customer-centered option for our outside scrap customers. We are very excited to welcome and learn from the entire ROCA team."
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