What Ferrosource does

Ferrosource LLC is a private B2B procurement and distribution company founded in 2017 that sources, processes, and distributes ferrous metals — primarily flat-rolled steel products (hot roll, cold roll, hot dip galvanized, galvanneal, galvalume, and prepaint) plus rebar, pipe, tube, and long products — for OEM customers in North America and Europe. The company operates owned processing facilities in Jacksonville, Florida and Ivyland, Pennsylvania, and is constructing a $70M+ facility on U.S. Steel's Big River Steel Works campus in Osceola, Arkansas scheduled to begin operations in August 2026. Core processing capabilities include slitting, cut-to-length, multi-blanking, stretcher leveling, and master coil processing, organized around a zero-inbound-freight co-location model that places capacity adjacent to producing mills to eliminate inbound freight costs and transit times.

The company generates revenue through transaction fees on steel distribution and on processing services delivered to manufacturers. Its go-to-market is direct B2B sales into an established OEM network in verticals such as construction manufacturing, agriculture equipment, HVAC, appliance, and metal building, supported by inventory management programs (stocking, consignment, JIT, long-term contracts, spot) and multi-modal logistics (truck, rail, barge, breakbulk, container). A differentiated offering is price risk management — fixed pricing or variable pricing tied to global indices such as Platts Turkish Scrap or US Midwest Hot Rolled — delivered in partnership with affiliate Ferrometrics for ferrous futures hedging and with Hanwa for stocking and inventory release programs. The operating model is reinforced by a multi-state affiliate network (Paragon Steel, Midwest Pipe & Steel, Paragon Tube, Mission Metals, San Diego Vista Steel Service Corp) that extends processing and distribution reach without full ownership of every facility.

Name

Ferrosource

Legal name

Ferrosource LLC

Website

https://ferrosource.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Ferrosource LLC is a private B2B procurement, processing, and distribution company that supplies flat-rolled steel, rebar, and related ferrous metals to OEM customers in construction, agriculture, HVAC, appliance, and metal building markets across North America and Europe.

Ownership category

akta.pro rank

Product category

Steel Distribution & Processing Services

NAICS

Metal Service Centers and Other Metal Merchant Wholesalers (423510)

SIC

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

akta.pro primary industry

Ferrous Metals Trading & Distribution (Iron Ore, Pig Iron, DRI/HBI, Ferroalloys) (IMAKAJAA)

akta.pro secondary industry

Metal Scrap Trading & Brokerage (Ferrous & Non-Ferrous) (IMAKAJAI)

Keywords

• Steel distribution services
• Ferrous metals processing
• Metal service center
• Supply chain management
• Price risk management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Steel and Raw Materials Distribution: Sourcing, consigning, distributing, and managing steel supply chain for customers. Works with established network of OEM customers to supply steel, rebar, and raw materials to meet exacting needs.
2. Metal Processing Services: Processing galvanized and cold-rolled steel products including slitting, cut to length, multi-blanking, stretcher leveling. Revenue generated from processing fees for manufacturers.
3. Price Risk Management Services: Managing price risk for suppliers and customers through fixed pricing or variable pricing tied to domestic or global price indices. Specialty financing and stocking programs for raw materials and finished goods.
4. Rebar Operations: Fabrication, cut to length bundled and tagged, estimating, detailing and shop drawings for rebar products

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ferrosource is a global procurement and distribution company that sources, processes, and supplies steel products (hot roll, cold roll, galvanized, galvanneal, galvalume, prepaint, pipe/tube, rebar) to OEM customers across North America and Europe. The company provides metal processing services including slitting, cut-to-length, multi-blanking, and stretcher leveling through facilities in Florida and Pennsylvania, complemented by inventory management programs, logistics coordination, and price risk management solutions tied to global indices.

Product overview

Ferrosource LLC is a global procurement and distribution company focused on supply chain and risk management in ferrous metals markets. The company offers a portfolio of steel products including Hot Roll, Cold Roll, Hot Dip Galvanize, Galvanneal, Galvalume, Prepaint, Pipe/Tube & Long Products, and Rebar. These products are complemented by processing services (slitting, cut to length, multi-blanking, stretcher leveling) and logistics solutions (trucking, rail, barge, breakbulk, container). The company also provides inventory management programs and price risk management services, enabling customers to source, finance, and manage the steel supply chain while focusing on their core business operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Hot Roll Steel Hot rolled steel products including Hot Roll Black and Hot Roll Pickle and Oil, available in grades such as EDDS, DS, CS Type B, Structural, and HSLA, sourced and distributed to OEM customers across North America and Europe.
• Cold Roll Steel Cold rolled steel products available in grades including EDDS, DS, CS Type B, and HSLA, supplied to industrial OEM customers.
• Hot Dip Galvanize Steel Hot dip galvanized steel with coating weights from G30 to G235, featuring acrylic and ROHS compliant options, with master coil widths up to 72 inches.
• Galvanneal Steel Galvannealed steel products with A40 and A60 coatings, available in grades including EDDS, DS, CS Type B, Structural, and HSLA, with master widths up to 72 inches.
• Galvalume Steel Galvalume steel products with AZ50 and AZ55 coatings, available in CS Type B and Structural grades.
• Prepaint Steel Pre-painted steel substrates available in Hot Roll, Cold Roll, Hot Dip Galvanize, Galvalume, and Galfan variants.
• Pipe, Tube & Long Products Steel pipe and tube products including HSS, Mechanical Pipe/Tube, and Wire Rod.
• Rebar Steel reinforcement bar available in domestic (Plain, epoxy coated, galvanized in Grade A615 and A706 Grade 60 and 80) and import (Plain Grade 40 and 60) variants, including Welded Wire Mesh and Rebar accessories.
• Metal Processing Services Metal processing services including slitting, cut to length sheets, multi-blanking, stretcher leveling, and master coil processing, delivered through company facilities in Florida and Pennsylvania and affiliated partners for industrial manufacturers.
• Inventory Management Services Inventory management services including stocking programs, consignment, J.I.T., long-term contracts, and spot inventory for industrial OEM customers.
• Logistics Services Logistics services including trucking, rail, barge, breakbulk, and container transportation coordinated with partner carriers.
• Rebar Operations Rebar processing services including fabrication and cut-to-length bundled and tagged, estimating, detailing, and shop drawings for construction and infrastructure customers.
• Price Risk Management Services Steel price risk management solutions offering fixed pricing or variable pricing tied to global price indices such as Platts Turkish Scrap or US Midwest Hot Rolled, along with specialty financing and stocking programs for raw materials and finished goods.

Quantifiable outcome

• Eliminates inbound freight costs and reduces material handling costs for manufacturers
• +1 more outcomes

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core, major and supporting.

• FerrometricscoreOthersMajor player in global ferrous futures markets providing expert assistance for hedging services to Ferrosource's domestic customers.
• HanwacoreStrategic or Co-development PartnerGlobal Japanese trading house that works with Ferrosource to provide customers with competitive cost stocking and inventory release programs.
• Paragon SteelmajorStrategic or Co-development PartnerAffiliate company that processes, consumes and distributes full range of flat and long steel products. Located in Butler, Indiana. Processing partner with facility at 4211 Company Road 61.
• Midwest Pipe & SteelmajorStrategic or Co-development PartnerAffiliate company in the heartland of the USA that processes, consumes and distributes full range of raw materials as well as flat and long steel products.
• Paragon TubemajorStrategic or Co-development PartnerAffiliate company that processes, consumes and distributes full range of raw materials as well as flat and long steel products.
• Mission MetalssupportingChannel Partner/ Reseller/ DistributorProcessing partner facility located at 1251 West Durst Drive, Rialto, CA 92376, complementing Ferrosource's own brick and mortar operations.
• San Diego Vista Steel Service CorpsupportingChannel Partner/ Reseller/ DistributorProcessing partner facility located at 8753 Kerns Street, San Diego, CA 92154, complementing Ferrosource's operations.
• U.S. Steel (Big River Steel Works)coreStrategic or Co-development PartnerOwner of Big River Steel campus in Osceola, Arkansas where Ferrosource is building its new $70M processing facility. U.S. Steel is simultaneously planning a $3 billion expansion at the same site, scheduled for completion in 2028. Ferrosource benefits from co-location on their campus providing direct access to mill production.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Ryerson: Public metal service center and processor with nationwide processing capabilities and broad OEM customer base in carbon steel, aluminum, and stainless — directly comparable to Ferrosource's steel distribution and processing offering.
• Metalwest: Flat-rolled steel processor and distributor with multiple processing facilities across the U.S. — comparable to Ferrosource in slitting, blanking, and cut-to-length processing services.
• Kloeckner Metals: Global metal service center and processor with significant North American operations in carbon steel processing and distribution — comparable to Ferrosource's geographic and product scope.
• Steel Technologies: Flat-rolled steel processor owned by Nucor, operating numerous processing facilities across North America — directly comparable to Ferrosource's flat-rolled processing model and mill-adjacent strategy.
• Worthington Industries: Public steel processor with pressure cylinder, steel processing, and sustainable energy solutions — comparable in flat-rolled processing operations and OEM customer focus to Ferrosource.
• Olympic Steel: Public flat-rolled steel processor and distributor offering slitting, cut-to-length, and value-added processing to OEM customers across diversified end markets — closely comparable to Ferrosource's core flat-rolled processing and distribution model.

Others

• U.S. Steel: Integrated steelmaker and landlord of Big River Steel Works campus where Ferrosource's new $70M facility is co-located — a strategic partner and adjacent ecosystem participant rather than direct competitor.

Broad incumbents

• Nucor: Largest North American steel producer with vertically integrated service center operations (Steel Technologies) — broader incumbent that competes with Ferrosource on mill-adjacent processing.
• Reliance Steel & Aluminum: Largest North American metal service center operator with a highly diversified portfolio of metals and processing services — broader incumbent competing with Ferrosource in flat-rolled and rebar distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ferrosource-llc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

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 Ferrosource