Page 13 from: March 2008
N E W S
Recycling International • March 2008 13For daily free global recycling news, visit
WORLDWIDE SUPPLIER OF
SHREDDER
REPLACEMENT
CASTINGS
HAMMERS
GRATES
BREAKER BARS
REJECT DOORS ESTBLISHED 1934
LEVAND STEEL
& SUPPLY
CORPORATION
Levand House 1849 Crestwood Blvd.
Irondale, AL 35210
tel + 1 (205) 956 1111
fax + 1 (205) 956 2256
www.levand.com
advertisement
Stop put on NLMK
acquiring Maxi Group
The Federal Antimonopoly Service
in Russia has refused to allow
Novolipetsk Integrated Metallurgical
Complex (NLMK) to acquire 100% of
the shares in Maxi Group. The ser-
vice claims some of the papers provid-
ed by NLMK contained inaccurate
data on the company’s employees
who already owned a controlling
stake in Maxi Group. Therefore, it
has been decided that the acquisition
would represent a violation of compe-
tition protection law. Moreover,
NLMK will face administrative lia-
bility for buying Maxi Group’s con-
trolling shareholding earlier.
Maxi Group controls a number of
electro-metallurgical plants and
companies dealing in the production,
recycling and sale of ferrous and
non-ferrous metals. NLMK is one of
Russia’s leading metallurgical enter-
prises whose market share exceeds
35% for many types of product.
The service’s Industrial Control
Director Alexei Ulyanov says: ‘This
was last year’s greatest transaction
in the ferrous metallurgy field in
Russia, and the two parties hap-
pened to go through with it without
the Federal Antimonopoly Service’s
official agreement, which is
absolutely unacceptable. We are
now considering what to do about
the company in terms of fines and
sanctions.’
North American steelmaker Nucor
Corporation has acquired the stock of
SHV North America Corporation,
which owns 100% of The David J.
Joseph Company (DJJ), its related
affiliates and real estate. As a result
of the deal, which was concluded for
approximately US$ 1.44 billion (Euro
1 billion), scrap broker and processor
DJJ becomes a wholly-owned sub-
sidiary of Nucor Corporation and will
maintain its headquarters in
Cincinnati, Ohio, USA.
‘We are extremely excited to
announce the acquisition of a compa-
ny that has been our partner in
growth for the last 38 years,’ says
Daniel DiMicco, Chairman, CEO and
President of Nucor. ‘With its consid-
erable scale and excellent manage-
ment team, DJJ offers Nucor a large
platform for continued growth in this
segment of the industry.’
In addition to DJJ’s scrap process-
ing operations and expertise, its
extensive brokerage operations pro-
vide Nucor with global sourcing of
many key steelmaking raw materi-
als. DJJ’s rail services and logistics
capabilities will allow Nucor to
leverage the largest private railcar
fleet in North America dedicated to
scrap transportation. DJJ’s industri-
al scrap programmes will also pro-
vide the corporation with improved
raw material channels.
The addition of DJJ to Nucor’s
scrap processing capabilities will
allow the company to process
approximately 4 million tonnes of
ferrous scrap annually. In 2007, the
company brokered over 20 million
tonnes of ferrous scrap and more
than 22 727 tonnes of non-ferrous
materials. It is expected to process
more than 3.5 million tonnes of fer-
rous scrap in 2008, utilising 12
shredders at 35 yards.
Shortly after Nucor announced its
acquisition of David J. Joseph, the
latter confirmed its purchase of
Galamba Metals Group of Kansas
City, Missouri. The company oper-
ates 16 scrap processing facilities in
Kansas, Missouri and Arkansas.
www.nucor.com
Nucor acquires
David J. Joseph
As one of the US leading
recyclers, DJJ assets include
ferrous metals processing,
brokerage and rail services.
Award for tritium
Technology
Global technology corporation
General Electric (GE) and the
University of Bath in the UK have
received an award for developing a
technology to store, treat and recycle
tritium waste – a radioactive chemi-
cal by-product of medical research
and nuclear power generation.
The award from the UK’s
Institution of Chemical Engineers
(IChemE) is given in recognition of
the technology’s ability to minimise
environmental impact with respect
to resource use, recycling and water
reduction. GE has established a
research centre to adapt the tritium
treatment technology for use in the
global nuclear energy industry.
The new tritium treatment tech-
nology is designed to capture and
process tritium waste so that it can
be properly stored and recycled,
thereby reducing environmental
impact and personnel exposure lev-
els so as to enhance workplace safe-
ty. The separated tritium can be
used by the medical research indus-
try or stored until the tritium turns
into safe, non-radioactive helium
through natural radioactive decay.
The technology is currently being
introduced at the GE Healthcare
Maynard Centre in Cardiff, UK, as
part of a £20 million (US$ 40 mil-
lion) tritium recovery and recycling
facility due to begin operation dur-
ing 2008. GE Healthcare uses
radioactive material – in the form of
hydrogen isotope tritium – in the
production of medical diagnostic and
treatment products. The new
approach cuts the amount of
radioactive waste from this process.
www.bath.ac.uk
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