Producer
OmniSource (David J. Joseph / Nucor)
Major US ferrous scrap processor; Nucor Corporation subsidiary (Nucor acquired DJJ in 2008 for $1.44B to vertically integrate scrap supply for its EAF mills); operates 50+ scrap yards across the US Midwest and Southeast; Nucor's internal scrap supply secures ~30% of its raw material needs.
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Inputs supplied
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Goods downstream
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Facilities
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Stories
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1 input OmniSource (David J. Joseph / Nucor) supplies
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What else they do
Business segments
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Ferrous Scrap Processing (Midwest & Southeast)
75%Non-Ferrous Scrap
15%Scrap Brokerage & Trading
10%
Intelligence
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Origin2023
The David J. Joseph Company was founded in 1885 in Cincinnati, Ohio — making it one of the oldest continuously operating US scrap metal companies. David Joseph started as a scrap metal broker, buying old rails, industrial equipment, and building materials and reselling them to foundries and steel mills. The company operated for 123 years as an independent scrap broker and processor before Nucor Corporation acquired it in 2008 for $1.44 billion. Nucor — the Charlotte, North Carolina EAF steelmaker founded by Ken Iverson who pioneered the US mini-mill model — acquired DJJ specifically to vertically integrate scrap supply for its arc furnace mills. The acquisition was Nucor's largest to that point, reflecting the strategic importance of scrap supply security for EAF steelmakers: unlike blast furnace steelmakers that secure iron ore through long-term contracts with mining companies, EAF mills must compete in open scrap markets where prices fluctuate with steel demand. By owning DJJ/OmniSource (which became the name post-acquisition), Nucor secured internal supply covering approximately 30% of its scrap needs at production cost rather than market price. A 19th-century Cincinnati scrap broker company is now the captive raw material supply arm of the most valuable US steel company.
Nucor Corporation / OmniSource ↗