Danny Rifkin, Founder of MetalX and Scrap Industry Trailblazer, Passes Away at 70—Remembered for Transforming Metal Recycling and Championing Sustainability

Waterloo, Indiana – The scrap metal industry has lost a pioneering leader with the passing of Danny Rifkin, founder of MetalX and a highly respected figure in the recycling business. Rifkin, 70, died peacefully surrounded by his loved ones, leaving behind a legacy of innovation, business excellence, and deep commitment to sustainability.

A Visionary in the Scrap Industry

Danny Rifkin was widely recognized as one of the most influential figures in the metal recycling industry. He spent decades transforming the business, from small-scale scrap operations to large-scale, cutting-edge recycling facilities that played a vital role in sustainability and resource conservation.

Rifkin’s journey began at OmniSource Corporation, a company originally founded by his family, where he worked tirelessly to modernize operations and expand its reach. Under his leadership, OmniSource became one of the largest and most respected scrap metal companies in North America. His strategic vision, business acumen, and ability to adapt to changing market trends set him apart.

In 2012, after leaving OmniSource, Rifkin founded MetalX, an independent, growth-focused scrap metal company based in Waterloo, Indiana. With MetalX, he sought to redefine the industry once again, emphasizing advanced technology, streamlined operations, and strong partnerships with manufacturers and consumers of recycled metals. His company quickly became a leader in nonferrous and ferrous metal recycling, earning widespread respect from peers, competitors, and industry experts.

A Legacy of Leadership and Impact

Beyond his business achievements, Rifkin was known for his mentorship and dedication to the next generation of industry leaders. He actively supported educational programs, workforce development initiatives, and advocacy efforts for responsible recycling practices.

Colleagues remember him as a bold yet thoughtful leader, someone who could foresee industry shifts and adapt to changing economic conditions with remarkable precision. His ability to build strong relationships and lead with integrity earned him admiration across the recycling sector.

“Danny was more than a businessman; he was a visionary,” said a longtime industry associate. “He saw the potential in people and in metal. He understood that recycling wasn’t just about business—it was about sustainability, responsibility, and ensuring that future generations could benefit from our efforts today.”

Tributes Pour In from the Scrap Industry and Beyond

Following news of his passing, tributes poured in from business leaders, industry organizations, and employees who had worked with Rifkin over the years. Many described him as a mentor, a problem solver, and a man whose word was his bond.

The Institute of Scrap Recycling Industries (ISRI), an organization Rifkin was deeply involved with, released a statement honoring his contributions:

“Danny Rifkin’s impact on the recycling industry cannot be overstated. His commitment to innovation, integrity, and leadership helped shape the modern metal recycling sector. His passing is a tremendous loss, and we extend our deepest condolences to his family, friends, and colleagues.”

Remembering Danny Rifkin

Beyond his professional success, Danny Rifkin was a devoted family man. He valued his time with loved ones, often speaking about the importance of balance between work and personal life. He was a passionate supporter of environmental sustainability, community engagement, and workforce development.

His contributions extended beyond his company, as he frequently gave back through philanthropic efforts, supporting local businesses, educational programs, and economic growth initiatives.

Survived by His Loving Family

Danny Rifkin is survived by his wife, children, and grandchildren, who were the greatest source of joy in his life. His family has requested privacy during this time of mourning and has expressed gratitude for the outpouring of support.

In lieu of flowers, the family has requested that donations be made to environmental sustainability initiatives or trade education programs, two causes that Rifkin was deeply passionate about.

Final Farewell

A memorial service will be held in Fort Wayne, Indiana, where colleagues, family, and friends will gather to celebrate the life of a man who forever changed the recycling industry.

Danny Rifkin’s passing marks the end of an era, but his legacy of innovation, leadership, and sustainability will continue to shape the industry for years to come.