Scrap Metal Services
Scrap Metal Services is a global industrial services provider delivering outsourced steel mill services and marine vessel decommissioning to enterprise clients across 17 locations in the USA, Belgium, Brazil, and Spain.
- Company typePrivate
- Founded2005
- HeadquartersChicago, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Scrap Metal Services does
Scrap Metal Services (SMS) is a Chicago-headquartered industrial services provider that supplies outsourced steel mill services and marine vessel decommissioning to enterprise clients globally. The company operates two core service lines: Steel Mill Services, covering the full steelmaking process from raw material handling through scrap and slag management to finished product delivery, and Ship Recycling & Oil Drilling Rig Dismantling, providing marine vessel decommissioning and recycling. A third offering, Portable Solutions, extends mobile on-site service capabilities to customer sites. SMS positions itself as one of only a few 'full' mill service providers in the industry, delivering contractual managed services rather than transactional products.
The company's revenue model is built on long-term, on-site contractual engagements with steel mills and maritime operators. Services are delivered by dedicated equipment and personnel embedded at customer facilities, supported by the MayerNet client portal (version 4.4.0) for account management. Geographic footprint spans 17 locations across four countries—USA (including Portage, Indiana), Belgium, Brazil, and Spain—covering North America, Europe, and South America. The workforce ranges from 501 to 1,000 employees, reflecting the labor-intensive nature of industrial services delivery.
In August 2025, FalconPoint Partners acquired SMS in a $500 million carve-out transaction, with the investment earmarked for market share expansion, capability development, and equipment upgrades. The acquisition was accompanied by governance changes including a new CFO (Henrik Nielsen) and two new board appointments (Chris Dods and James Herald). Active industry affiliations span ISRI, Steel Manufacturers Association, American Iron and Steel Institute, AIST, and Forbes Human Resources Council.
Scrap Metal Services firmographics
Firmographics- Name
- Scrap Metal Services
- Legal name
- Scrap Metal Services LLC
- Website
- https://scrapmetalservices.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Scrap Metal Services is a global industrial services provider delivering outsourced steel mill services and marine vessel decommissioning to enterprise clients across 17 locations in the USA, Belgium, Brazil, and Spain.
- Ownership category
- akta.pro rank
Scrap Metal Services industry classification
Industry- Product category
- Industrial Recycling & Steel Mill Services
- NAICS
- Support Activities for Metal Mining (213114)
- SIC
- Refuse Systems (4953), Wholesale-Metals Service Centers & Offices (5051)
- akta.pro primary industry
- Industrial Scrap Management & On-site Services (Plant Scrap, Roll-off, Managed Programs) (EUAIAJAI)
- akta.pro secondary industries
- Scrap Metal Recycling & Brokerage (IMAIAFAN), Industrial & Manufacturing Scrap Recycling (Factory Scrap, Turnings, Offcuts) (IMAKAMAE), Scrap Metal Collection, Logistics & Aggregation (Yards, Roll-off, Container Programs) (IMAKAMAK)
Keywords
Where Scrap Metal Services is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Scrap Metal Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Steel Mill Services: Provides outsourced site environmental services, scrap and slag management to steel mills on a contractual basis across U.S., Europe, and South America operations.
- Marine Vessel Decommissioning: Ship recycling and oil drilling rig dismantling services provided to maritime industry operators in multiple geographic regions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Scrap Metal Services product offering
Product offeringCore offering
Scrap Metal Services (SMS) is an industrial services provider that supplies outsourced steel mill services — including site environmental services and scrap and slag management — to steel producers, and provides ship recycling and oil drilling rig dismantling to maritime operators. Services are delivered on-site at customer facilities across 17 locations in the U.S., Belgium, Brazil, and Spain.
Product overview
SMS (Scrap Metal Services) operates as a unified industrial services platform offering steel mill services and marine vessel decommissioning & recycling. The company provides three interconnected service lines: Steel Mill Services (covering the full production cycle from steel-making to finished product delivery, including environmental services and scrap/slag management), Ship Recycling & Oil Drilling Rig Dismantling (marine decommissioning and recycling), and Portable Solutions (mobile on-site support). A client-facing MayerNet web portal enables customer access and account management. With 17 global locations across North America, Belgium, Brazil, and Spain, SMS positions itself as one of the few 'full' mill service providers in the industry.
Differentiator
Problem solved
Functional benefit
Products and services
- Steel Mill Services Comprehensive outsourced mill services covering the full steel-making process from start of steel-making to delivery of the finished product, including site environmental services and scrap and slag management for steel mills.
- Ship Recycling & Oil Drilling Rig Dismantling Marine vessel decommissioning and recycling services for ship owners and maritime operators, including dismantling of ships and oil drilling rigs.
- Portable Solutions Mobile on-site service capabilities providing flexible support at customer sites, including equipment and personnel deployment for short-term or specialized scrap management needs.
Quantifiable outcome
- Reduced CO2 emissions through metal recycling and resource efficiency
- +2 more outcomes
Companies that use Scrap Metal Services
Customer profileSegments2 records
Ideal customer profiles2 records
Scrap Metal Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Scrap Metal Services partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor.
- ISRI (Institute of Scrap Recycling Industries)minorIndustry membership affiliation - ISRI is the world's largest scrap recycling industry trade association
- Steel Manufacturers AssociationminorIndustry membership affiliation for steel manufacturing sector
- American Iron and Steel InstituteminorIndustry membership affiliation for North American steel producers
- AIST (Association for Iron & Steel Technology)minorIndustry membership affiliation for iron and steel technology professionals
- Forbes Human Resources CouncilminorForbes Council membership indicating thought leadership in HR and workplace practices
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
Scrap Metal Services competitors and assessment
Company assessmentBroad incumbents
- Nucor Corporation: Largest North American EAF steel producer and a major consumer of ferrous scrap. Comparable to SMS as a counterpart in the scrap-to-steel value chain, often acting as both a customer and competitor via its in-house scrap operations.
- Steel Dynamics: U.S. flat-rolled and structural steel producer operating EAF mini-mills with significant scrap intake. Comparable to SMS as a scrap-consuming steel producer that also engages in scrap processing and recycling.
- Cleveland-Cliffs: Largest flat-rolled steel producer in North America with integrated mining and scrap-consuming operations. Comparable to SMS as a major steel industry customer/participant with material scrap and slag management needs.
- Commercial Metals Company (CMC): U.S. metals recycler and steel manufacturer operating EAF mini-mills with vertically integrated scrap operations. Comparable to SMS across scrap processing and steel-mill services.
Direct peers
- Metalico: U.S.-based scrap metal recycler and processor of ferrous and non-ferrous metals. Comparable to SMS in providing scrap management services and supplying processed scrap to steel mills and industrial consumers.
- European Metal Recycling (EMR): One of the world's largest metal recyclers, operating scrap yards and processing facilities across Europe and internationally. Comparable to SMS in scrap collection, processing, and export-oriented trading to steel producers.
- Radius Recycling (formerly Schnitzer Steel): U.S. scrap metal recycler and steel mill operator with deep relationships to West Coast and international scrap consumers. Comparable to SMS as a vertically integrated ferrous scrap processor serving steel mills.
- Sims Limited: Global scrap metal recycler and trader operating metal recycling facilities across North America, the U.K., and Australasia. Comparable to SMS as a large-scale processor and trader of ferrous and non-ferrous scrap to steel mills and international consumers.
Regional players
- Gerdau: Latin American long steel producer with significant Brazilian operations and scrap-consuming EAF mills. Comparable to SMS given overlapping Brazilian geography and demand for outsourced mill services in the region.
Others
- Heritage Environmental Services: U.S. environmental and industrial services provider offering on-site waste management and recycling solutions to heavy industry. Comparable to SMS in delivering outsourced environmental and material handling services to industrial customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Scrap Metal Services social profiles
Digital presenceScrap Metal Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Scrap Metal Services leadership team
Management profileNumber of profiles
Profiles5 records
Scrap Metal Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Scrap Metal Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Scrap Metal Services
What does Scrap Metal Services do?
Scrap Metal Services (SMS) is an industrial services provider that supplies outsourced steel mill services — including site environmental services and scrap and slag management — to steel producers, and provides ship recycling and oil drilling rig dismantling to maritime operators. Services are delivered on-site at customer facilities across 17 locations in the U.S., Belgium, Brazil, and Spain.
Is Scrap Metal Services a public or private company?
Scrap Metal Services is a private company. It is classified as private equity controlled and is currently operating.
When was Scrap Metal Services founded?
Scrap Metal Services was founded in 2005. It employs 501 to 1,000 people.
Where is Scrap Metal Services based?
Scrap Metal Services is headquartered in Chicago, United States, in the North America region.
How does Scrap Metal Services make money?
Two revenue lines are on record. Steel Mill Services are the primary driver. The others are marine Vessel Decommissioning.
Who are Scrap Metal Services's main competitors?
Broad incumbents on record are Nucor Corporation, Steel Dynamics, Cleveland-Cliffs and Commercial Metals Company (CMC). Direct peers are Metalico, European Metal Recycling (EMR), Radius Recycling (formerly Schnitzer Steel) and Sims Limited. Gerdau is listed as a regional player. Heritage Environmental Services is listed as an others.
Does Scrap Metal Services have an API?
No public API is recorded for Scrap Metal Services.
What industry is Scrap Metal Services in?
Scrap Metal Services's product category is Industrial Recycling & Steel Mill Services. Its primary akta.pro industry code is EUAIAJAI, Industrial Scrap Management & On-site Services (Plant Scrap, Roll-off, Managed Programs), with a secondary code of IMAIAFAN, Scrap Metal Recycling & Brokerage. Its NAICS code is 213114 and its SIC code is 4953.