Radius Recycling is one of North America's largest metal recyclers and a manufacturer of finished steel products. The core business is metals recycling: Radius collects scrap metal from end-of-life vehicles, industrial machinery, demolished buildings, and other sources through a network of 53 recycling facilities and 50 self-service auto parts stores (Pick-n-Pull) across the U.S. and Western Canada. Radius processes this scrap into recycled ferrous metal (sold to steel mills globally as feedstock) and recycled nonferrous metals like aluminum and copper (sold to smelters, foundries, and processors). Radius operates seven deepwater port locations, enabling it to export large volumes — roughly half of ferrous and more than half of nonferrous volumes go to Asia and the Mediterranean. The Pick-n-Pull stores serve a dual purpose: retail sales of used auto parts and procurement of end-of-life vehicles for eventual shredding. The second business is finished steel: Radius operates an EAF steel mill in Oregon that converts internally sourced recycled ferrous metal into rebar, wire rod, and merchant bar, sold primarily in the Western U.S. Radius makes money on the spread between scrap purchase costs and selling prices for recycled metal or finished steel. The business has significant fixed costs, so volume is a key profitability driver. Radius is investing ~$140M in advanced nonferrous recovery systems to produce higher-value aluminum and copper products, and is growing an asset-light, contract-based recycling services business (3PR) for large industrial customers.