How much is OmniSource worth?
Pursuant to the agreement, which has been unanimously approved by the boards of directors of both companies, Steel Dynamics will acquire all of the outstanding stock of OmniSource Corporation in a transaction valued at slightly more than $1 billion.
What is the highest copper scrap price?
Globally, copper prices reached all-time highs in 2021 and reached a record high in early March of 2022 – with prices briefly exceeding $5.00 per pound. In May 2021, for example, the price for one metric ton of copper reached $10,512—a 130 percent price increase over March 2020.
What are copper prices doing?
The IMF projects the growth of the copper price from an average of $6,174 per metric ton in 2020 to $8,313 in 2021, followed by a gradual decline to $7,600 per metric ton by 2026.
How much is copper per pound in Indiana?
SCRAP METAL PRICES
| Scrap Metal Price Category | Item | Scrap Metal Price per Pound |
|---|---|---|
| Aluminum | Bare 3003 | $0.80 |
| Copper | Bare Bright | $3.25 |
| Copper | #1 Cu | $3.15 |
| Copper | #2 Cu | $2.98 |
Who is OmniSource?
About us. OmniSource Corporation is a multifaceted metals-recycling company—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.
Are scrap copper prices expected to rise?
The price is expected to decrease to $7,500 in 2022 and then grow to $8,250 by 2035. The IMF projects the growth of the copper price from an average of $6,174 per metric ton in 2020 to $8,313 in 2021, followed by a gradual decline to $7,600 per metric ton by 2026.
What appliance has the most copper in it?
Household appliances Refrigerators, stoves, and air conditioners in particular are great sources of copper as they require a larger power supply and therefore tend to contain thick insulated copper wire.
What are scrap prices in Indiana today?
SCRAP METAL PRICES
| Scrap Metal Price Category | Item | Scrap Metal Price per Pound |
|---|---|---|
| Aluminum | Clean 6061 Turnings | $0.45 |
| Aluminum | 6061 Clip | $0.65 |
| Aluminum | Clean Old Cast | $0.52 |
| Aluminum | Old Sheet 5% FE | $0.45 |
What is considered number 2 copper?
#2 Copper. This grade of copper can be identified by its somewhat dirty appearance. It should be comprised of miscellaneous unalloyed wire, pipe or solid metal that continues to have solder, paint or any kind of coating on it. Additionally, its minimum copper content should be 94-96%.
How many employees does OmniSource have?
about 2,500 people
We currently operate more than 70 collection and processing facilities, including 11 high-capacity shredders as well as other metals processing facilities, and employ about 2,500 people.
How many OmniSource locations are there?
With more than 50 collection and processing sites across the eastern United States, OmniSource is able to provide prompt, personal service in a cost-effective manner.
What is the best copper to scrap?
Bare bright copper is by far the first among the types a scrap dealer would like to find. Also referred to as “bright & shiny copper,” it is the most valuable and high-paying grade around.