Reuter replaces Schnitzer as BIR Ferrous Division president

Denis Reuter has been appointed Bureau of International Recycling (BIR) Ferrous Division president, replacing Gregory Schnitzer of Sims Metal Management.

Reuter is chief operating officer at German scrap merchant TSR Recycling, Kallanish notes.

BIR president Tom Bird says: “I am delighted to welcome Denis to the BIR Executive Committee, and I am certain that he will greatly contribute to BIR’s roadmap for the years to come. Having worked with him on the Ferrous board I am confident that he will prove to be a great asset.”

In a BIR webinar last week McKinsey & Company’s Dr Steven Vercammen said the push to reduce carbon emissions will create a large opportunity to grow scrap’s share in current steelmaking raw materials beyond its 30% average. Scrap prices are likely to disconnect from iron ore and coking coal prices as a result.

Adam Smith Germany