The fire broke out at Sims Metal Management just before 11 p.m. Monday and continued burning through the night.
The site is surrounded by water on almost all sides, hampering firefighting efforts.
Callers to FDNY reported smelling smoke in Upper Manhattan and the Bronx.
The second alarm fire is under control, but firefighters will be hitting hot spots for an extended period of time.
No injuries have been reported.
The facility has been the site of at least six major fires since 2010.
ALSO READ | Family of 24-year-old who fell to death during NYC rooftop party speaks out
* Get Eyewitness News Delivered
* More New Jersey news
* Send us a news tip
* Download the abc7NY app for breaking news alerts
* Follow us on YouTube
Submit a News Tip