Radius Recycling, Inc., is a

scrap Scrap consists of recyclable materials, usually metals, left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap can have monetary value, especially recover ...

recycling and

steel Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high Young's modulus, elastic modulus, Yield (engineering), yield strength, Fracture, fracture strength a ...

manufacturing company headquartered in

Portland, Oregon Portland ( ) is the List of cities in Oregon, most populous city in the U.S. state of Oregon, located in the Pacific Northwest region. Situated close to northwest Oregon at the confluence of the Willamette River, Willamette and Columbia River, ...

. The company operates auto parts recycling, metal recycling, and steel manufacturing with locations in 26 states and two Canadian provinces, as well as Puerto Rico. The company recycles vehicles, rail cars, home appliances, industrial machinery, and scrap. The company has 103 recycling facilities including the Pick-n-Pull auto parts recycling chain with 50 locations and 53 metals recycling facilities. Steel manufacturing is through the Cascade Steel Rolling Mills plant in

McMinnville, Oregon McMinnville is the county seat of and the most populous city in Yamhill County, Oregon, Yamhill County, Oregon, United States at the base of the Oregon Coast Range. The city is named after McMinnville, Tennessee. As of the 2020 United States cens ...

History

The company was founded as Schnitzer Steel by Russian immigrant Sam Schnitzer in 1906 as a one-person

scrap metal Scrap consists of recyclable materials, usually metals, left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap can have monetary value, especially recover ...

recycler. Between 1947 and 1950, his son, Harold Schnitzer, worked at the company. In 1984, the company bought Cascade Steel Rolling Mills, who operated a steel mill in

. Schnitzer purchased eight service centers from

U.S. Steel The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania. It maintains production facilities at several additional locations in the U.S. and Central Europe. The company produces and sells steel products, ...

in 1986 for its Metra Steel subsidiary. In 1993, Schnitzer Steel became a

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

. In January 2003, the company acquired Pick-n-Pull, a chain of automobile scrape yards where consumers can obtain autoparts from scrapped vehicles. In October 2005, it acquired GreenLeaf Auto Recyclers, which was sold in 2009, and Regional Recycling, a metals recycling business with 10 locations in the Southeastern United States. In December 2006, the company acquired Advanced Recycling. In December 2007, the

U.S. Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

charged former chairman and CEO Robert Philip for violating bribery laws as part of the

Foreign Corrupt Practices Act The Foreign Corrupt Practices Act of 1977 (FCPA) (, ''et seq.'') is a United States federal law that prohibits U.S. citizens and entities from Bribery, bribing foreign government officials to benefit their business interests. The FCPA is applic ...

in relation to dealings with Chinese steel mills. Tamara Lundgren became the chief executive officer, and John Carter became chairman in November 2008. In January 2010, the Schnitzer family sold their shares such that their ownership in the company fell below 20%. In April 2010, the company acquired Golden Recycling & Salvage, a recycling company in

Billings, Montana Billings is the most populous Lists of populated places in the United States, city in the U.S. state of Montana, with a population of 117,116 as of the 2020 United States census, 2020 census. Located in the south-central portion of the state, i ...

. In 2011, the company acquired State Line Scrap Co., a recycling company in

Attleboro, Massachusetts Attleboro is a city in Bristol County, Massachusetts, United States. It was once known as "The Jewelry Capital of the World" for its many jewelry manufacturers. According to the 2020 census, Attleboro had a population of 46,461. Attleboro is ...

, and Ferrill's Auto Parts of

Seattle Seattle ( ) is the most populous city in the U.S. state of Washington and in the Pacific Northwest region of North America. With a population of 780,995 in 2024, it is the 18th-most populous city in the United States. The city is the cou ...

. In 2013, the company moved its headquarters to downtown

, to the

KOIN Tower KOIN Tower (formerly KOIN Center) is a , 35- story, skyscraper in Portland, Oregon, United States. The building, the third-tallest in the city, was designed by the firm of Zimmer Gunsul Frasca Partnership and opened in 1984 at a cost of . His ...

. The company changed its name to Radius Recycling in July 2023. Toyota Tsusho Corporation, a Japanese company, bought the company for $1.3 billion in March 2025.

References

External links

{{ORCompanies 1906 establishments in Oregon 1993 initial public offerings Companies based in St. Johns, Portland, Oregon Companies listed on the Nasdaq Manufacturing companies based in Portland, Oregon Manufacturing companies established in 1906 Steel companies of the United States

History

See also

References

External links