Jerome B. Misukanis

The Company is a full-service metal recycler engages in the collection and processing of various ferrous & non-ferrous metals for resale primarily to domestic steel producers, other metals producers and processors through its 17 wholly owned subsidiaries. The firm operations consist of purchasing and processing unprepared scrap and selling processed scrap. Scrap is categorized as either ferrous containing iron or consisting primarily of steel, non-ferrous which includes materials such as copper, aluminum and brass. The Company purchases unprepared scrap primarily from automobile salvage and wrecking yards, demolition firms, ordinance depots, military bases, public utilities, industrial facilities, metal fabricators, machine shops, railroads, refineries, shipyards and numerous independent scrap collectors.