What Ferrous Processing and Trading does

Ferrous Processing and Trading Co. is a privately held, Detroit-based metals recycler founded in 1904. The company operates in the environmental services segment of the scrap industry, collecting, processing, and trading ferrous (and, per its short description, nonferrous) metals for resale to industrial buyers. Its stated technology is conventional ferrous scrap processing and trading operations; no proprietary software platforms, AI systems, or named product modules are disclosed in the source data.

The company serves steel mills and foundries as its primary customer segment, supplying processed ferrous scrap as raw material for steelmaking and casting operations. Its value proposition centers on reliable supply of quality ferrous scrap to support furnace operations and the circular economy in steel production. Go-to-market is direct B2B enterprise field sales, supplemented by participation in industry events such as Scrap Expo 2026, where executives engage on ferrous scrap market evolution, mobile shear operations, and adjacent commodities.

Revenue is generated on a transaction basis through sales of processed scrap to industrial buyers, with pricing negotiated per transaction based on grade, volume, and prevailing market conditions; no publicly disclosed pricing, contracts, or revenue figures are available. The company is grouped alongside other major US metals recyclers — SA Recycling, Omni, Sims Metal, Alter Trading Corp., Gerdau, Gershow Recycling, and CW Metals — indicating a mid- to upper-tier position in a fragmented domestic ferrous scrap market. Leadership is headed by Dave Dobronos as President & CEO, and headcount is reported in the 501-1000 range.

Name

Ferrous Processing and Trading

Legal name

Ferrous Processing and Trading Co.

Website

https://fptscrap.com

Company type

Private

Founded year

1904

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ferrous Processing and Trading Co. is a privately held Detroit-based metals recycler founded in 1904 that collects, processes, and sells ferrous scrap to steel mills and foundries across the United States on a transaction basis.

Ownership category

akta.pro rank

Product category

Metal Recycling Services

NAICS

Recyclable Material Merchant Wholesalers (42393), Recyclable Material Merchant Wholesalers (423930)

SIC

Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Ferrous Scrap Processing & Brokerage (Steel & Cast Iron) (IMAKAMAA)

akta.pro secondary industries

Non-Ferrous Scrap Processing & Brokerage (Aluminum, Copper, Brass/Bronze, Lead, Zinc, Nickel) (IMAKAMAB), Scrap Metal Collection, Logistics & Aggregation (Yards, Roll-off, Container Programs) (IMAKAMAK), Metal Scrap Trading & Brokerage (Ferrous & Non-Ferrous) (IMAKAJAI)

Keywords

• Ferrous scrap recycling
• Nonferrous metals recycling
• Scrap metal trading
• Steel mill scrap supply
• Industrial metals processing

Headquarters

HQ city

Detroit

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Ferrous Scrap Sales: The company collects, processes, and sells ferrous scrap metal to steel mills and foundries. Revenue is generated through the sale of processed scrap materials, typically on a transaction basis with industrial buyers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ferrous Processing and Trading Co. collects, processes, and sells ferrous and nonferrous scrap metals to industrial buyers. The company operates as a major US metals recycler, supplying processed scrap materials as raw input for steel mills and foundries engaged in steelmaking and casting operations.

Product overview

Ferrous Processing and Trading Co. is a metals recycling company operating in the scrap metal industry. The company processes and trades ferrous scrap materials and participates in industry events such as Scrap Expo. No specific named products, modules, or sub-brands were identified in the available source data.

Differentiator

Problem solved

Functional benefit

Products and services

• Ferrous and Nonferrous Scrap Metal Recycling and Trading

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves2 records

Expansion highlights2 records

Direct peers

• SA Recycling: One of the largest ferrous and nonferrous scrap recyclers in the United States, headquartered in Orange, California. Directly comparable to FPT as a major US scrap processor serving steel mills and foundries with similar collection, processing, and trading operations.
• OmniSource: Fort Wayne, Indiana-based ferrous and nonferrous scrap metal recycler, operating dozens of processing facilities across the Midwest and Southeast. Closely comparable to FPT in operating model, customer base (steel mills, foundries), and Midwest geographic orientation.
• Sims Metal Management: Global publicly-listed scrap metal recycler with substantial US operations. Directly comparable as a major ferrous and nonferrous processor, though considerably larger and with global trading capability that FPT lacks.
• Alter Trading Corp. St. Louis-based scrap metal processor and broker with operations across the Midwest. Comparable to FPT in scale, ferrous focus, and Midwest industrial customer base, and explicitly named alongside FPT as a major US recycler.
• Gershow Recycling: Long Island, New York-based family-owned scrap metal recycler with nine facilities. Comparable to FPT as a privately-held, multi-yard ferrous and nonferrous processor, though more regionally concentrated in the Northeast.
• Schnitzer Steel Industries (Radius Recycling): Portland, Oregon-based ferrous scrap recycler and steel products manufacturer, publicly traded. Comparable to FPT in ferrous processing and trading operations, with additional downstream steel manufacturing that provides vertical integration.
• CW Metals: Nashville, Tennessee-based nonferrous scrap metal processor and exporter. Comparable to FPT as a recognized major US metals recycler serving industrial customers, though more focused on nonferrous streams.
• Metalico: US-based scrap metal recycler with operations in ferrous, nonferrous, and catalytic converter processing. Comparable to FPT in service offering and customer base, though with more concentration in lead and precious metals recovery.

Broad incumbents

• Gerdau Ameristeel: Brazilian-based integrated steelmaker with substantial US operations, including scrap collection and processing. A broader incumbent that overlaps with FPT in scrap procurement and supply to its own mills, but is primarily a steel producer rather than a pure-play recycler.
• EMR (European Metal Recycling): UK-headquartered global metal recycler with growing US presence. Comparable to FPT in core recycling operations and customer types, but operates at much larger global scale and is more diversified across geographies and metal streams.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/fptscrap
• Facebookfacebook.com/ferrousprocessingtradingco
• LinkedInlinkedin.com/company/ferrous-processing-and-trading

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ferrous Processing and Trading