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Wheeling-Pittsburgh Steel, Herman Strauss Form Steel Scrap Partnership"
WHEELING, W.Va. -- Two Wheeling-based companies, Wheeling-Pittsburgh Steel Corp. and Herman Strauss Inc., have formed a strategic scrap agreement that makes Herman Strauss the scrap steel operator and exclusive scrap steel provider to Wheeling-Pittsburgh Steel. As part of the agreement, Herman Strauss will build, own and operate the scrap facility that will supply all of Wheeling-Pittsburgh Steel's scrap needs, including for its Electric Arc Furnace. Construction of the EAF, located at Wheeling Pittsburgh Steel's Mingo Junction, Ohio, Plant, is scheduled for completion this fall."This innovative agreement ensures that Herman Strauss Inc. will play an important role as Wheeling-Pittsburgh Steel begins its evolution to a company using the most modern EAF technology available in the world today," said Donald E. Keaton, vice president, Steel Manufacturing & Procurement. "It also means that we can focus our efforts and capital on our core businesses of steel production and metal products."Herman Strauss is expected to provide in excess of 100,000 tons per month of steel scrap to Wheeling-Pittsburgh Steel, or the equivalent of the steel content of 90,000 automobiles. In addition to steel scrap, Herman Strauss will handle other raw materials that can be used as feedstock to the EAF, including pig iron and hot briquetted iron."We will have access to steel scrap from the entire eastern half of the United States using barges that have access to the entire Mississippi and Ohio river waterway systems, as well as two railroads that service our Mingo Junction Plant," Keaton noted.Locally generated scrap will continue to be trucked into the plant, he added.Carter Strauss, president of Herman Strauss, Inc., acknowledged that The agreement will establish Herman Strauss as one of the largest scrap management, brokerage and processing companies in the United States, according to Carter Strauss, president of Herman Strauss. "It is a significant step for our company and the Upper Ohio Valley," he said..Wheeling-Pittsburgh Steel Corp. is a metal products company with 3,100 employees in facilities located in Steubenville, Mingo Junction, Yorkville, and Martins Ferry, Ohio; Beech Bottom and Follansbee, W.Va.; and Allenport, Pa. The company's Wheeling Corrugating Division has 12 plants throughout the United States.Visit Wheeling-Pittsburgh Steel Corp.: www.wpsc.com"