Pittsburgh-based AMG Resources Corporation has announced its affiliates acquisition of a 50 percent interest in Allegheny Raw Materials LLC (ARM), a processor and marketer of stainless steel, alloys and other specialty scrap metal products.
Allegheny Raw Materials, also based in Pittsburgh, operates five scrap processing facilities in Western Pennsylvania as well as a ferrous and nonferrous scrap brokerage business. In addition, Allegheny Raw Materials mill services division develops and delivers specialty blends and optimized least-cost charges and performs on-site processing, handling and testing services for specialty steelmakers.
With the completion of the transaction, AMG and its affiliates now operate 17 scrap processing facilities and 17 commercial offices in the United States and United Kingdom. AMG also is a marketer of prime and secondary steel both in the United States and internationally and, through its International Steel & Counterweights affiliate, manufactures counterweights and other steel fabrications for a variety of applications.