Scrap metal economics have evolved dramatically in recent years on a global, regional and local scale. Many past assumptions and best practices for dealing with scrap metal requirements have become outmoded. Without responsible benchmarking it can be difficult to recognize issues and opportunities for improvement. Ferrous Processing & Trading (FPT) has always been in the forefront of innovative metal recycling solutions, and continues to set an example for the industry with innovative new practices and partnerships.
Automotive Scrap Metal Recycling
Recently, Ferrous Processing & Trading is has partnered with Parts Galore to provide an innovative take on automotive salvage yards. Parts Galore opened its first location in 2005 in Detroit, MI. The company is a do-it-yourself automotive salvage yard that offers customers the opportunity to search for and remove any parts they need from row after row of over 2,000 automobiles neatly lined up according to vehicle type and manufacturer.
Prior to placing salvage vehicles into inventory, workers at Parts Galore remove the gas tanks and all vehicle fluids, which are later recycled. Then, customers pay a nominal admission fee and are able to search the 18-acre facility and remove the parts they need on their own. The facility attracts many small mechanics shops and backyard mechanics enthusiasts.
Once customers have stripped a row of parts, the vehicles are removed and sent to be recycled. Parts Galore partners with Ferrous Processing and Trading for metal recycling services, and between the two companies, over 1,200 vehicles are turned over and recycled each month.
Vehicles that have been removed are sent to one of three FPT automobile shredders in the Detroit area. At each location, the stripped vehicles are fragmentized and prepared for re-melting by area steel mills, foundries, and smelters. FPT uses diverse methods for recycling scrap metal including ferrous and non-ferrous scrap metal.
Encouraging Green Metal Recycling Practices
The entire cycle supports a cohesive strategy for reusing and recycling scrap metal and marketing obsolete cars and trucks. These kinds of innovative developments encourage individuals and businesses to participate in responsible scrap metal processes to reduce the need for costly virgin metal mining.
This is just one more example of why Ferrous Processing & Trading is recognized as a major innovator in industrial scrap metal management; including the implementation of onsite operations, equipment and controls that provide optimum efficiency and scrap value as well as the logistics support network that regularly moves the scrap to its best destinations.
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