Interseroh enters United States steel recycling market
Following a cooperative agreement on a strategic alliance
signed in April 2007, Interseroh exercised its option to acquire a 25
percent share in the United States steel recycling and scrap trading
company, ProTrade Group LLC, Hudson, Ohio. Last year’s cooperation agreement
allows for the share to be increased to 75 percent in the medium term.
This enables Interseroh’s steel and metals recycling
segment to enter the United States steel scrap market - with a volume
of approximately 60 million tons per year - the world’s largest.
Around 50 sites are, at present, part of the steel
and metals recycling segment of the group, active predominantly in Germany,
Poland and the Netherlands. The activities of this segment are managed
by Interseroh Hansa Recycling GmbH in Dortmund, Germany.