ArcelorMittal Long Products Canada, Triple M Metal form joint venture

ArcelorMittal Long Products Canada, Contrecoeuer, Quebec, and Triple M Metal, Brampton, Ontario, have announced they are joining forces to offer more choice and services to scrap metal consumers and suppliers. According to a news release from the two companies, ArcelorMittal Long Products Canada and Triple M Metal formed Integrated Metal Recycling Inc. as a joint venture that will combine “many of the recycling activities of the two partners” in Quebec.

The companies say Integrated’s scrap metal needs will be “constant and diversified.” With the new alliance, the companies say, recyclers will have “access to more outlets for their scrap metal,” whether to ArcelorMittal’s steel mills or Triple M’s aluminum customers.

ArcelorMittal Long Products Canada’s four Legault Métal sites in Quebec, acquired by ArcelorMittal in 2019, will be part of Integrated, as will Triple M’s Metrobec sites in Saint-Hubert, Quebec.

“In addition to the types of scrap metal specific to steel production that we need, the joint venture will now allow us to purchase a wider range of scrap grades that can also be processed at other Integrated Metal Recycling yards,” says François Perras, president and CEO of ArcelorMittal Long Products Canada. “For recyclers, we are creating a new one-stop shop for their scrap metal, which will make management easier for both of us.”

“ArcelorMittal and Triple M have been working together for decades, so this joint venture was a natural fit for both organizations,” says Oscar Moniz, president of Triple M Metal. “Each of us has established a solid reputation in the recycling industry over time. By pooling our experience and expertise, we offer the industry a strong alternative that will provide choice, service and prices that meet expectations of our existing and future clients.”

ArcelorMittal Long Products Canada has five scrap recycling and processing sites, an iron ore reduction plant, two steel mills, three rolling mills and two wire drawing mills.

Triple M Metal operates 27 locations across North America, including Canada, the United States and Mexico.