By Charlotte Business Journal

Nucor Corp. subsidiary David J. Joseph Co. plans to open a feeder scrap yard in Cincinnati next week.

The River Metals Recycling yard is scheduled to open Tuesday. It will buy household scrap metal such as appliances, gutters, sheet metal and aluminum cans, as well as automobiles.

Customers will be paid for their items on site, according to a news release.

⿿This is an easy way for community members to make money, while helping to preserve and protect the environment,⿝ says Jim Becker, president of River Metals.

River Metals, which is part of David J. Joseph, operates nine other scrap yards in the Midwest.

Cincinnati-based David J. Joseph is one of the largest scrap metal brokers and processors in the country. Nucor (NYSE:NUE), a steel manufacturer based in Charlotte, bought the company in 2008 for $1.44 billion.

Copyright 2010 American City Business Journals

http://charlotte.bizjournals.com/charlotte/stories/2010/06/28/daily26.html?ana=thestreet

Copyright bizjournals.com 2010

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