Scrap metal recycling in the United States is a growing industry, featuring scrap metal recycling companies of all sizes and in many different regions.
Scrap metal recycling is a growing industry, but despite the strength in the market, the scrap recycling industry still remains considerably fragmented. In general, the United States is the largest exporter of steel scrap metal, and the scrap comes from a variety of processors and suppliers throughout the country.
Market Structure
According to recent reports, the top twenty scrap metal recycling companies in the United States 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.
Within the United States, there are many high barriers and regulations for new metal recycling businesses due to industry requirements and government regulations. These include the high cost of scrap metal recycling and processing equipment and the difficulty in finding available land in some areas to process scrap.
An Ever Evolving Market
Currently, there is both growth and consolidation within the American scrap metal industry. Some large metal recycling companies are expanding, while other companies 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.
Ferrous Processing & Trading Continues Growth
Ferrous Processing & Trading (FPT), a Detroit-based scrap metal recycling company, was recently listed as one of the top ten scrap metal recycling companies in the United States by Recycling Today. The company is expected to continue its growth as the industry expands. The metal recycling service features optimal resources, equipment, and technologies to process scrap metal. Furthermore, FPT provides cost effective solutions for corporate, industrial and private clients resulting in a higher value for all of its customers.
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.
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
313-567-9710