Scrap Metal Processors

What Scrap Metal Processors does

Scrap Metal Processors, Inc. is a privately held, founder-led industrial scrap metal recycling company headquartered at 9000 Science Center Drive in New Hope, Minnesota. Incorporated in Minnesota on March 16, 1977, by Michael (Mickey) Minter, the company opened for business on April 1, 1977, in Minneapolis and has operated continuously for nearly 50 years. The firm purchases bulk scrap metal from industrial businesses across a five-state Midwest region (Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota) and resells processed metals to wholesale buyers including mills, foundries, manufacturers, and refiners domestically and internationally. It explicitly does not accept dropoffs from the general public, maintaining an exclusive B2B focus on industrial metal waste generators.

The company operates as an integrated recycling platform combining transportation (container delivery and pickup logistics), container rental (sizes ranging from 1 to 30 cubic yards in leak and non-leak configurations), and processing services that include collection, transportation, identification, sorting, compacting, melting, purification, and solidification of scrap metals. Metal identification and alloy verification are performed using X-ray Fluorescence (XRF) analysis, while state-certified electronic scales ensure accurate weights at point of purchase and resale. Supporting service lines include consulting (XRF-based metal identification, recycling program development, and pricing consultation) and direct metals purchasing spanning aluminum, brass, copper, high-temperature alloys, stainless steel, steel, and other metals in various forms.

The business model is a commodity margin model: the company generates revenue through the spread between the price paid to industrial suppliers for scrap metal and the price received from wholesale buyers, with pricing tied to competitive market rates and communicated only on direct inquiry. Go-to-market is sales-led and relationship-based, relying on phone, email, website contact forms, and a secure online pickup-scheduling form for existing customers, with no digital marketing or self-serve consumer channel. The firm is privately held with no external institutional capital, operates with 1-10 employees, and has no app, API, or disclosed AI/ML capabilities, making it a small, operationally focused industrial services business anchored by long-tenured customer relationships and nearly five decades of accumulated regional buying and selling expertise.

Name

Scrap Metal Processors

Legal name

Scrap Metal Processors, Inc.

Website

https://scrapmetalprocessors.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

1–10 employees

Short description

Scrap Metal Processors is a privately held, founder-led industrial scrap metal recycling company purchasing and reselling bulk metals from Midwest industrial businesses across five states, using XRF analysis and state-certified scales, and selling processed metal to domestic and international wholesale buyers.

Ownership category

akta.pro rank

Product category

Scrap Metal Recycling

NAICS

Secondary Smelting and Alloying of Aluminum (331314), Nonferrous Metal (except Aluminum) Production and Processing (3314)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341), Wholesale-Metals Service Centers & Offices (5051)

akta.pro primary industry

Non-Ferrous Scrap Processing & Brokerage (Aluminum, Copper, Brass/Bronze, Lead, Zinc, Nickel) (IMAKAMAB)

akta.pro secondary industries

Scrap Metal Collection, Logistics & Aggregation (Yards, Roll-off, Container Programs) (IMAKAMAK), Industrial & Manufacturing Scrap Recycling (Factory Scrap, Turnings, Offcuts) (IMAKAMAE), Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters) (EUAIAJAH)

Keywords

• Scrap metal recycling
• Industrial metal recycling
• Metal waste management
• Ferrous nonferrous metals
• Metal recycling consulting

Headquarters

HQ city

Hope

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Scrap Metal Purchase and Resale: Company purchases scrap metal from industrial businesses at competitive market prices and resells processed metal to wholesale buyers including mills, foundries, manufacturers, refiners, and other industrial companies. Revenue is generated through the margin between purchase price paid to suppliers and sale price to wholesale buyers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Scrap Metal Processors provides industrial scrap metal recycling services for commercial businesses in the Midwest. The company supplies containers, schedules pickups, transports scrap metal to its processing facility, sorts and processes metals using XRF-based identification and certified scales, and resells processed metals to mills, foundries, manufacturers, and refiners. It also purchases bulk scrap metals at competitive market prices and offers consulting on recycling programs and alloy verification.

Product overview

Scrap Metal Processors is an industrial scrap metal recycling company operating as a single integrated platform with multiple service modules. Their core offering combines Transportation (container-based pickup and logistics), Processing (sorting, compacting, melting, purification, and solidification), and Wholesale sales of recycled metals. Supporting services include Containers (various sizes from 1-30 cubic yards), Consulting (XRF metal identification and recycling program development), and Metals Purchasing (buying bulk aluminum, brass, copper, high temp alloys, stainless steel, steel, and other metals from industrial businesses). The company sells processed scrap metals to mills, foundries, manufacturers, and refiners.

Differentiator

Problem solved

Functional benefit

Products and services

• Transportation (Trucking) Provides container delivery and pickup services to streamline the removal of scrap metal from industrial facilities to the processing facility.
• Containers Offers various sized containers (SV, X, HV, Y, V, W, BV, Lugger, Lugger/Roll-off, Roll-off) with capacities from 1 to 30 cubic yards, in leak and non-leak options for scrap metal collection at industrial sites.
• Processing Industrial metal recycling process including collection, transportation, identification, sorting, compacting, melting, purification, and solidification of scrap metals.
• Wholesale Processes and sells recycled scrap metals to mills, foundries, manufacturers, and refiners. Uses XRF analysis and state-certified scales for quality control and accurate weights.
• Consulting Metal consulting services including XRF-based metal identification, alloy verification, recycling program development, and pricing consultation for industrial businesses.
• Metals Purchasing Purchases bulk scrap metals including aluminum, brass, copper, high temp alloys, stainless steel, steel, and other metals from industrial businesses at competitive market prices.

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Radius Recycling (formerly Schnitzer Steel): Major US West Coast-headquartered scrap metal recycler with significant Midwest presence through legacy operations. Competes with SMP for industrial scrap supply and sells to similar mill/foundry/refinery customers.
• OmniSource Corporation: Midwest-headquartered scrap metal processor and metals recycler serving the eastern and central US. Closely comparable in regional industrial focus and mill/foundry customer base, though operating at much larger scale.
• SA Recycling: Large US scrap metal recycler with yards across multiple regions. Overlaps with SMP in ferrous and non-ferrous scrap processing for industrial and mill customers, though at materially larger scale.
• Sims Metal Management: Global scrap metal recycler with significant US operations. Competes with SMP for industrial scrap supply and downstream mill/foundry offtake, but at substantially larger scale and broader geographic reach.
• EMR Metal Recycling (formerly Schnitzer): One of the largest metal recyclers globally and a dominant US operator. Overlaps with SMP in ferrous and non-ferrous scrap processing and wholesale to mills, but operates at vastly greater scale with national and international footprint.

Direct peers

• Metalico: Regional scrap metal recycler operating yards and processing facilities across multiple US states. Closely matches SMP's diversified ferrous and non-ferrous metals portfolio and industrial customer focus.
• Ferrous Processing & Trading: Detroit-headquartered scrap metal processor serving the Midwest with end-to-end collection, processing, and mill offtake. Closely matches SMP's B2B industrial focus, multi-state regional coverage, and container-based pickup model.
• Liberty Iron & Metal: Midwest-based scrap metal recycler with full-service processing, container programs, and wholesale offtake to mills and foundries. Direct competitor to SMP in the upper Midwest for industrial generator accounts.
• Cohen Metals Group: Regional industrial scrap metal buyer and processor with end-to-end container, pickup, processing, and mill offtake services. Highly comparable operating model to SMP — relationship-based B2B industrial recycling.
• Alter Trading Corporation: St. Louis-based regional scrap metal processor and merchandiser operating across the central US. Directly comparable to SMP as a multi-state, relationship-driven ferrous and non-ferrous scrap buyer/processor serving mills, foundries, and industrial generators.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

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 Scrap Metal Processors