ArcelorMittal acquires Dutch scrap metal recycling company

Riwald Recycling was founded in 1989, and operates two fully certified scrap metal yards in Almelo and Beverwijk, the Netherlands, both of which have direct port access. Riwald processed over 330kt of ferrous scrap metal in 2021, sourcing material from a wide range of suppliers including industrial companies, OEMs, demolition companies, traders, car dismantling companies and regional and national governments.

Geert Van Poelvoorde, ArcelorMittal Europe CEO, said: “This is the third metal recycling acquisition we have undertaken this year, reinforcing the important role that scrap steel can play in our efforts to decarbonize and meet our target to reduce the carbon intensity of the steel we produce in Europe by 35% by 2030. Although it is ultimately the various low-carbon emissions steelmaking technologies which we are developing and deploying which will take us to net zero, given the urgent need to make progress this decade we are working hard to move forward on all fronts.”

Gert Huzink, Riwald CEO, added: ‘The shareholders are pleased to have found a like-minded new owner in ArcelorMittal and I look forward to continue as CEO with the full management team to support the metal recycling strategy of ArcelorMittal. Riwald has a long focus on sustainability, increasing recovery from recycled materials and CO₂ reduction in our operations, all of which are well suited to support the decarbonization strategy of ArcelorMittal.”