Radius Recycling

What Radius Recycling does

Radius Recycling, formerly Schnitzer Steel Industries, is a North American metal recycling company headquartered in Portland, Oregon, founded in 1906. The company operates over 100 processing sites across the United States and Canada, running large-scale metal shredding facilities that collect, process, and distribute recycled ferrous and non-ferrous metals sourced from scrap dealers, end-of-life vehicles, construction materials, and industrial waste. Its core service offering spans ferrous and non-ferrous scrap processing, end-of-life vehicle dismantling, and emerging electric vehicle battery collection, with combined throughput of approximately 11 million tonnes of recycled material per year through the Toyota Tsusho network. Customer segments include industrial manufacturers, the construction sector, automotive OEMs and dismantlers, and electronics manufacturers, each served through direct B2B relationships rather than channel intermediaries.

Radius generates revenue on a transaction-based, commodity-linked pricing model, where buyers are quoted per material specification and prices fluctuate with global steel, aluminum, copper, and other metals markets. The go-to-market is enterprise field sales targeting industrial buyers in automotive, construction, electronics, and manufacturing sectors, with no disclosed subscription, licensing, or fixed-fee components. Distribution is handled directly through Radius's own processing network of more than 100 sites, providing regional density for feedstock collection and finished material delivery.

In July 2025, Toyota Tsusho America — a U.S. subsidiary of Japan's Toyota Tsusho Corporation — completed the acquisition of Radius for approximately $1.34 billion at $30 per share, taking the company private and making it a wholly owned subsidiary. Radius continues to operate from its Portland, Oregon headquarters under existing management and brand identity, now positioned within Toyota Tsusho's global circular economy strategy across scrap metals, end-of-life vehicles, and automotive battery recycling. Historical bolt-on M&A activity spans more than 15 disclosed acquisitions since 1995, indicating a long-running inorganic growth posture that is now coordinated through the parent company's industrial group.

Name

Radius Recycling

Legal name

Radius Recycling Inc.

Website

https://radiusrecycling.com

Company type

Private

Founded year

1906

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

Radius Recycling is a North American metal recycler operating 100+ processing sites across the U.S. and Canada, processing ~11 million tonnes of ferrous and non-ferrous scrap annually for industrial manufacturers, construction, automotive, and electronics customers. Now a wholly owned subsidiary of Toyota Tsusho America following a $1.34 billion acquisition in July 2025.

Ownership category

akta.pro rank

Product category

Scrap Metal Recycling

NAICS

Materials Recovery Facilities (562920), Waste Collection (56211)

SIC

Refuse Systems (4953)

akta.pro primary industry

Auto Shredding & Metal Fragmentation (Shredder Operations) (EUAIAJAD)

akta.pro secondary industries

Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters) (EUAIAJAH), Vehicle & Machinery Salvage (Heavy Equipment, Rail, Marine, Agricultural) (EUAIAJAL), Battery Collection & Logistics (Sorting, Packaging, Transport Compliance) (EUAIAIAE), Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF)

Keywords

• Scrap metal recycling
• Ferrous metals processing
• End-of-life vehicle recycling
• Automotive battery recycling
• Industrial recycling services

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Metal Recycling and Processing: Revenue generated from collecting, processing, and selling recycled metal materials including ferrous metals (steel, iron) and non-ferrous metals (aluminum, copper, etc.) to industrial customers in construction, automotive, electronics, and manufacturing sectors. Transaction-based pricing based on commodity prices and material volumes processed.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Radius Recycling collects, processes, and distributes recycled ferrous and non-ferrous metals, end-of-life vehicles, and automotive batteries through more than 100 sites across the United States and Canada. The company operates industrial metal shredding facilities that convert scrap into usable recycled raw materials sold to automotive, construction, electronics, and manufacturing customers. It is a wholly owned subsidiary of Toyota Tsusho America following the 2025 acquisition, supporting the parent's global circular economy and battery recycling strategy.

Product overview

Radius Recycling is a North American recycling company (formerly known as Schnitzer Steel Industries) headquartered in Portland, Oregon. The company operates over 100 sites across the United States and Canada, processing approximately 11 million tonnes of recycled materials per year. The company's core operations include metal shredding facilities, scrap metal processing, end-of-life vehicle (ELV) recycling, and automotive battery recycling. Radius Recycling was acquired by Toyota Tsusho America (a subsidiary of Toyota Tsusho Corporation) in July 2025 for approximately $1.34 billion, making it a wholly owned subsidiary.

Differentiator

Problem solved

Functional benefit

Products and services

• Ferrous and Non-Ferrous Metal Recycling and Processing Large-scale collection, shredding, and processing of ferrous (steel, iron) and non-ferrous (aluminum, copper, etc.) scrap metals into specification-grade recycled raw materials, sold to industrial manufacturers, construction firms, automotive OEMs, and electronics manufacturers across North America.
• End-of-Life Vehicle (ELV) Processing Collection and processing of end-of-life vehicles, extracting metals and components for recycling through the Toyota Tsusho network. Targets automotive OEMs and suppliers needing compliant ELV dismantling and material recovery.
• Electric Vehicle Battery Collection and Processing Collection and processing infrastructure for electric vehicle batteries, supporting the battery recycling supply chain from vehicle dismantling through materials recovery. Serves automotive and battery industry customers.
• Electronics and E-Waste Metal Recovery Metal recovery and recycling from electronic waste streams, supplying recovered metals to electronics manufacturers and supporting compliance with electronics recycling regulations.

Quantifiable outcome

• Combined recycled material transaction volume of 11 million tonnes per year through Toyota Tsusho network

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sims Limited: Australia-headquartered global metal recycling company with substantial North American operations in ferrous and non-ferrous scrap, ELV processing, and shredding. Directly comparable to Radius in business model, commodity exposure, and end markets served.
• EMR Group: UK-based global metal recycling and shredding operator. Comparable to Radius as a multi-site ferrous and non-ferrous recycler with end-of-life vehicle processing, although primarily serving European rather than North American markets.
• OmniSource Corporation: Wholly owned subsidiary of Steel Dynamics and one of North America's largest ferrous and non-ferrous scrap processors with shredding operations. Direct competitor to Radius in Midwest and Southeast US scrap markets.
• David J. Joseph Company: Subsidiary of Nucor Corporation and one of the largest scrap metal processors in the US. Direct competitor to Radius in ferrous scrap collection, processing, and broker/trader operations across multiple US regions.
• Metalico: US-based scrap metal recycler operating ferrous and non-ferrous collection yards and processing facilities. Comparable to Radius in collection-driven model and end-customer mix, though smaller in scale and footprint.

Broad incumbents

• Commercial Metals Company: Vertically integrated steel manufacturer with significant scrap recycling operations feeding its minimills. Overlaps with Radius in ferrous scrap processing but competes primarily as a downstream steel producer rather than a pure recycler.
• Nucor Corporation: Largest steel producer in the US with major scrap recycling subsidiaries (DJJ, EnviroWise). Competes with Radius for scrap supply and indirectly influences scrap pricing as a major buyer.
• Gerdau Ameristeel: Major North American steel producer with significant scrap procurement operations. Comparable to Radius as a buyer of scrap and competitor for ferrous feedstock, though primarily a downstream mill rather than recycler.

Emerging players

• Li-Cycle Holdings: Emerging North American lithium-ion battery recycler using a spoke-and-hub network model. Comparable to Radius's emerging EV battery collection line of business, though focused exclusively on battery materials rather than bulk metals.
• Redwood Materials: Nevada-based battery recycling and materials company founded by former Tesla CTO, focused on end-of-life EV batteries and cell production scrap. Comparable to Radius's emerging EV battery processing capability, though at an earlier commercial stage and narrower scope.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ssi_recruiting
• Facebookfacebook.com/SchnitzerSouthwestRegion
• LinkedInlinkedin.com/company/radius-recycling

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A20 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Radius Recycling