US scrap processor and mini-mill operator Schnitzer Steel Industries has recovered approximately 4,000 long tons of shredded steel scrap from Commencement Bay after a barge capsized Friday at its dock facility in Tacoma, Washington.

"We recovered the metal beginning Friday and over the weekend," a company spokesman told Platts Monday. "We don't know the cause; it's still under investigation."

The incident occurred at the General Metals of Tacoma facility, a major export terminal. Schnitzer, based in Portland, Oregon, is the largest exporter of ferrous scrap from the US West Coast.