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Overview
OmniSource collects and processes scrap metal and resells it as usable metals through a network of facilities, shredders, trucks, railcars, and barges across North America. It operates a national brokerage and trading arm that provides market insights to buyers and sellers and coordinates metal movements with partners. It differentiates itself with a large geographic reach, integrated end-to-end operations, and extensive in-house capabilities and logistics. Its goal is to efficiently convert scrap into usable material at scale and offer tailored recycling programs and information to help customers and suppliers maximize value.
About OmniSource
Industries
Industrial & Manufacturing
Energy
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$1B
Headquarters
Fort Wayne, Indiana
Founded
1943
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Simplify's Take
What believers are saying
- Bell's 2025 promotion aligns commercial leadership with feedstock optimization.
- OmniSource can process 7 million ferrous tons and 1 billion nonferrous pounds annually.
- Recent acquisitions and expansions support continued capacity growth and market consolidation.
What critics are saying
- SDI steel growth slowdown directly reduces OmniSource's volume growth and margin mix.
- Aggressive scrap processor bidding compresses spreads and raises inbound material costs.
- Leadership transition under Bell creates execution risk across supply, plants, and service levels.
What makes OmniSource unique
- Steel Dynamics subsidiary since 2007, anchoring OmniSource to internal steel demand.
- President Matt Bell led Omni's marketing strategy and SDI scrap programs.
- OmniSource operates over 70 facilities, 11 high-capacity shredders, and 2,500 employees.
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Funding
Total Funding
$1B
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Employee Stock Purchase Plan
Performance Bonus
Paid Vacation
401(k) Retirement Plan
401(k) Company Match
Company News
Steel Dynamics announces leadership appointment. Steel producer and metal recycler Steel Dynamics Inc., Fort Wayne, Ind., has announced the appointment of Matt Bell as vice president of metals recycling and president of OmniSource. Since joining the company in 2016, Bell has held leadership roles within the metals recycling platform in operations, commercial, and marketing. Since 2023, he has served as vice president of commercial for OmniSource. Before joining the company, he held various leadership positions in the metals recycling industry.
Dayton, Texas — According to state and local development sources, Omnisource plans to invest $2,268,000.00 to build out 8,764 square feet of new space in Dayton. The company plans to occupy the new space at 401 Riverbend Way in Dayton, on or about December 1, 2025. According to the company website OmniSource, LLC is a multifaceted metals-recycling companyùone of North Americas largest processors and distributors of scrap and secondary metals. We collect, process, and resell a wide variety of scrap metal. Through recent expansions and acquisitions, we can now process 7 million tons of ferrous scrap per year and more than 1 billion pounds of nonferrous metals. We currently operate more than 70 collection and processing facilities, including 11 high-capacity shredders as well as other metals processing facilities, and employ about 2,500 people
In November, Teamsters filed a separate charge with the NLRB against OmniSource, alleging that the company "unlawfully promised employees certain benefits, including a life insurance policy and profit sharing, for voting in support" of the dues petition.
OmniSource Rob Montasser has been hired as vice president of sales for OmniSource, a subsidiary of Omni United.
RMHC Michiana partners with OmniSource to weigh and recycle the pop tabs.
OmniSource is Hiring for 44 Jobs on Simplify!
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About OmniSource
Industries
Industrial & Manufacturing
Energy
Company Size
501-1,000
Company Stage
Acquired
Total Funding
$1B
Headquarters
Fort Wayne, Indiana
Founded
1943
OmniSource is Hiring for 44 Jobs on Simplify!
Find jobs on Simplify and start your career today