OmniSource Corporation

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OmniSource is omnivorous when it comes to scrap metal. One of the largest scrap processors and distributors in North America, OmniSource takes unusable metal products and turns them into raw materials for use in mills and foundries that produce steel, aluminum, and copper. The company operates some 70 scrap processing facilities throughout eastern North America. It recycles more than 7 million tons of ferrous materials and 1 billion pounds of nonferrous scrap annually. Additionally, OmniSource engages in brokerage and trading of products such as ferrous and nonferrous scrap, scrap alternatives, and secondary and primary metals. OmniSource is a subsidiary of Steel Dynamics.

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3.2

Overall Excellence Rating

Industry

Oil, Gas and Mining

Category

Metal & Mineral Manufacturing

ESG/Ethical Impact

Our vision is to be the company that our customers and suppliers look upon as “The Best in the Metals Recycling Industry”. We pledge to provide a safe working environment for all of us. All injuries are preventable. Our goal is to achieve zero incidents—no accidents, no lost workdays, no injuries. This IS achievable when we all work together. Our customers are our most important partners. We must provide outstanding products and solutions that exceed our customer’s expectations, anticipating their future needs and delivering great value. By being approachable, flexible, proactive and responsible, we foster close relationships. Customer service is providing the right quality product, at the right place, at the right time and following through on our promises to contribute to our customers’ long-term success. We must strive to be every customer’s preferred supplier. Success is not driven by state-of-the-art technology alone but, more importantly, it is linked to managing the technology, and to creating a culture in which to exploit it. The right people in the right place will remain our greatest asset. We are the backbone of our company. We are the force that creates and sustains value for the company, the customer and the shareholder alike. We must foster our entrepreneurial spirit by choosing the right people for the right job—by infusing our teams with energetic, positive individuals who apply their minds and ingenuity to create unparalleled success. Strategic Growth, Intentional Margin Expansion, and Consistency Through the Cycle. We must focus on growth opportunities that provide sustainable profit margins within our areas of expertise. We will leverage our existing facilities through capital effective organic growth, greenfield expansion and the continued exploration of new opportunities. Through our superior operating culture, we must retain our low-cost advantage while gaining market share through customer preference. We must continue to enhance margin through diversification into additional value-added product arenas; thereby achieving more consistent profit margins throughout the business cycle. We must continually challenge the status quo, with a renewed focus on being the technology and process leader to not only exceed current customer expectations but to meet their future needs. Innovate to improve safety, quality, and productivity. We strive toward excellence in all we do. Our unyielding focus on remaining a low-cost, highly efficient, customer-centric company results in best-in-class financial and operating performance. Our performance drives strong cash flows to not only support our current operations but to support our continued growth.

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Awards Received

2023

Revenues

$1,500,000,000.00

Website Traffic

Employee Rating

3.9

Customer Rating

3.6

Company Size

1000-5000

ESG Risk Rating

3

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