OmniSource signs brokerage agreement.OmniSource Corp., Fort Wayne Fort Wayne, city (1990 pop. 173,072), seat of Allen co., NE Ind., where the St. Joseph and St. Marys rivers join to form the Maumee River; inc. 1840. It is the second largest city in the state, a major railroad and shipping point, a wholesale and distribution hub, , Ind., and Remarket Inc. of Memphis have finalized See finalization. an agreement through which OmniSource will function as the exclusive sales agent for Remarket's ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which and nonferrous scrap. Remarket is a Memphis-based scrap processor that serves industrial, wholesale and retail generators in the Memphis area from its location on Channel Avenue near the Mississippi River Mississippi River River, central U.S. It rises at Lake Itasca in Minnesota and flows south, meeting its major tributaries, the Missouri and the Ohio rivers, about halfway along its journey to the Gulf of Mexico. . OmniSource is one of North America's largest scrap companies, handling more than 6 million tons of ferrous scrap and 700 million pounds of nonferrous metal annually. |
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