Gerdau restarting shredding operations in Wilton

Press release

Global steel company Gerdau will restart shredding operations at its Wilton, Iowa, steel mill by mid-year after being idled for three years. The shredder is responsible for processing scrap steel, including used vehicles, vehicle parts, industrial by-products and steel cans, which is later melted in the furnace of the mill and transformed into raw materials for steel making.
The company began installing new capital equipment at the site in November, including a new in-feed system for the existing shredder and updated automation and controls. Favorable weather in the area has put construction ahead of schedule and the company aims to have the project complete by May 1. In order to staff the operation, the company called back two employees in January and plans to recall and hire approximately 10 more in the next few weeks.
“The restart and upgrade of the Wilton shredder is part of our commitment to captive scrap utilization throughout North America,” said Matt Yeatman, vice president of raw materials at Gerdau. “The synergy of scrap production and steel making on one site is core to our business model.” 
Gerdau – the leading producer of long steel in the Americas – is one of the largest recyclers of ferrous scrap in North America. The company has 17 steel mills throughout the U.S. and Canada that operate under the mini-mill concept, which means they obtain most of their iron for steel-making from scrap steel. On an annual basis, the company consumes over seven million tons of scrap raw materials which would otherwise be discarded in a landfill and at inappropriate sites.
“Many people don’t realize that steel is the most recycled material in the world and that it can be recycled continually with no degradation in performance, from one product to another,” Yeatman explained. “Our recycling efforts at Gerdau are a contribution to the sustainable development of society and an investment in the future.” 

About Gerdau
Gerdau is the leading producer of long steel in the Americas and one of the largest suppliers of special long steel in the world. It has more than 45,000 employees and industrial operations in 14 countries with operations in the Americas, Europe and Asia, which together represent an installed capacity of more than 25 million metric tons of steel per year. Gerdau is the largest recycler in Latin America and around the world and transforms millions of metric tons of scrap into steel every year. Gerdau is listed on the stock exchanges of São Paulo, New York and Madrid and has approximately 140,000 shareholders.
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