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Platts reveals ‘industry leaders’ 2014

Global – The international publication Platts has honoured New York-based scrap metal recycler Upstate Shredding – Weitsman Recycling with the ‘prestigious’ Industrial Leadership Award in the category scrap & recycling. ArcelorMittal ‘checked all the boxes’ in the category steel, the judges noted.

Upstate Shredding was one of five finalists at this year’s black-tie Platts Awards. The judge panel was impressed by the recycler′s innovation, market expansion and financial success. Owner Adam Weitsman says the recognition is ′one of the top moments of my career′.

Still ′in a state of disbelief′, he remarks that ′this was certainly an underdog story′ considering Upstate was up against some ′goliaths of the worldwide industry′. Upstate is currently the largest privately held scrap metal processor in the East Coast and expects to process more than 1 million tonnes of ferrous and 250 million pounds of nonferrous this year.

Of ArcelorMittal, the judges said: ′No company compares in terms of leadership.′ Despite ′cross currents′ in the economy and a tough margins environment, ArcelorMittal was able to deliver ′top financial results′ and pioneer high-strength, energy-efficient steel grades. It was also complimented for its ′Deal of the Year′ acquisition of ThyssenKrupp Steel USA with partner Nippon Steel & Sumitomo Metal Corporation.

′It′s encouraging to see that so many industry participants made innovative technologies and social responsibility top priorities despite a challenging global economy,′ comments Platts president Larry Neal. He heralds the winners for ′moving beyond the status quo and better serving not only their customers, but the greater needs of the industry and their communities′.

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