Omni Source Corporation

OmniSource Corporation is one of North America's largest processors and distributors of scrap and secondary metals. We collect, process, resell, and trade a wide variety of ferrous and nonferrous scrap. Our more than 70 U.S. scrap collection and processing facilities, including 11 operating shredders, provide the capacity to process 7 million tons of ferrous scrap annually, and more than a billion pounds of nonferrous metals.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.Our primary collection and processing facilities are in the Midwest, the Southeast, and the mid-Atlantic regions of the United States. But our 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 our processing assets to cover new geographical territories, opening new feeder yards, and making targeted acquisitions.Supplementing our company-operated scrap collection sites, we also acquire metals from industrial scrap generators with which we have established strategic partnerships. We have designed and installed customized metals-recycling programs, some of which we manage and operate, for manufacturing companies nationwide.Our 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.Metal has been the backbone of civilized nations since copper was discovered in 5,000 B.C. We not only use metal; we reuse it to such an extent that metal recycling in the United States is estimated to be a $20 billion industry.In fact, metal recyclers in the United States handle about 120 million tons of recyclables each year. From iron to steel, aluminum to copper, lead to zinc, metal not only makes the world go 'round, it goes 'round itself, thanks to companies like OmniSource.The scrap-metal-recycling industry provides resources to the basic manufacturing sector while conserving natural resources and protecting the environment. Scrap metal generated as a by-product of industrial manufacturing, construction and demolition, and the disposal of obsolete metal products is recycled into new raw materials for the production of primary metals such as steel, copper, and aluminum.Scrap-recycling facilities are like mines above ground, rich with resources that can be reused to preserve the environment, at a fraction of the cost to mine and refine metals from virgin ores. Scrap metal is not waste or trash. Rather, it is a continuous resource—a resource made from old automobiles, appliances, buildings, bridges, airplanes, and more. Scrap metal may, in fact, be one of our most precious resources. Because it can be remelted and reshaped into new products countless times, scrap metal is a resource that will never be depleted.