Scrap metal recycling is a steadily growing industry in the United States. However, even as the total amount of scrap metal processed in the country increases each year, the service providers remain significantly fragmented throughout different regions. Reports continue to place the U.S. as the largest exporter of steel scrap metal, but the supply is processed by a diverse array of U.S. processors and suppliers like Ferrous Processing & Trading (FPT).
A Time of Change in the Industry
At this time, some scrap metal processors like FPT are growing and expanding, while others are consolidating. Mergers and acquisitions are expected to continue as scrap metal processors continue to seek greater profits and increase their resources and capabilities. Fortunately, the improving economy within the U.S. and the growing demand for scrap metal throughout the world will drive the scrap metal market in the years to come and will help maximize the strength of the U.S. scrap metal industry. Thanks to their solid business foundation, FPT has plans for continued growth through the coming years, as the team sticks to the clear vision and direction handed down from the leadership team. Ferrous Processing & Trading is currently the fifth largest scrap metal recycling company in the U.S., and is a leader for others in the industry.
Diverse Market Distribution
As mentioned, the scrap metal recycling industry is still very fragmented in the United States. According to recent reports, the top twenty scrap metal recycling companies in the country control about thirty-five percent of the market. Overall, there are over 500 independent metal recycling companies with over 1,000 processing facilities spread across the country. Some are large corporate entities, but many are family-owned operations. Many companies, such as Ferrous Processing & Trading, operate multiple facilities throughout a region. FPT currently operates facilities in Michigan, Ohio, Tennessee, Florida, and Ontario, Canada.
At Ferrous Processing & Trading, expert professionals collaborate with manufacturing, industrial, and private clients throughout the country to develop environmentally-responsible waste management and steel recycling programs to that are cost-efficient. FPT provides a comprehensive array of scrap recovery processes and scrap-derived raw materials for the metal industries including ferrous and non-ferrous recycling programs. Ferrous Processing & Trading purchases and supplies a diverse array of scrap metals and serves both industrial and private clients.
About Ferrous Processing & Trading
Ferrous Processing & Trading is one of North America’s premier processors, sellers, and recyclers of scrap metals of all kinds. They are supported by the unique skills and experience of the management, commercial, and operations teams. Their ownership assures both financial strength and a deep commitment to the industry and their customers. FPT’s reputation is built on the core values of integrity, expertise, responsiveness, and creativity in the scrap metal recycling industry.
Ferrous Processing & Trading is a key supplier to the metals industry of North America. They are also a major scrap metals management company for the U.S. auto industry. From every stage of the metal recycling process from the assembly line to the used parts pile then through the scrap processing yard and into the furnace, FPT has the right answers for handling and marketing metal.
Ferrous Processing & Trading
3400 E. Lafayette
Detroit, MI 48207