About Ferrous Processing & Trading
Ferrous Processing & Trading is a company based in Detroit (United States) founded in 1904 was acquired by Cleveland-Cliffs in October 2021. It operates as a Reseller / Distribution, and Professional Services. Ferrous Processing & Trading offers products and services including Ferrous Metal Recycling, Non-Ferrous Metal Recycling, and Material Management Solutions. Ferrous Processing & Trading operates in a competitive market with competitors including Umicore, Befesa, Sims Metal Management, Galloo and A.Y. McDonald, among others.
- Headquarter Detroit, United States
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- Legal Name Ferrous Processing & Trading
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Acquired by
Cleveland-Cliffs
(Oct 11, 2021)
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Products & Services of Ferrous Processing & Trading
Ferrous Processing & Trading offers a comprehensive portfolio of products and services, including Ferrous Metal Recycling, Non-Ferrous Metal Recycling, and Material Management Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ferrous metals are recycled into reusable industrial resources.
Non-ferrous metals are processed for sustainable material recovery.
Material handling solutions are provided for continuous operations.
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Funding Insights of Ferrous Processing & Trading
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ferrous Processing & Trading
Ferrous Processing & Trading has secured backing from 1 investor. Prominent investors backing the company include Cleveland-Cliffs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
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Iron ore pellets and HBI are produced in North America.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Ferrous Processing & Trading
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Financial Statements - Ferrous Processing Trading
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ferrous Processing & Trading Comparisons
Competitors of Ferrous Processing & Trading
Ferrous Processing & Trading operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Umicore, Befesa, Sims Metal Management, Galloo and A.Y. McDonald, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Platinum, rhodium, and palladium-based materials are manufactured by Umicore.
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Industrial residues from various sectors are recycled by Befesa.
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Metal and electronics recycling services are provided worldwide.
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Recycles metals, cars, electronics, plastics, and ships for sustainable waste management.
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Provider of metal recycling services
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Delivers metal recycling services to promote sustainable waste management.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ferrous Processing & Trading
Frequently Asked Questions about Ferrous Processing & Trading
When was Ferrous Processing & Trading founded?
Ferrous Processing & Trading was founded in 1904.
Where is Ferrous Processing & Trading located?
Ferrous Processing & Trading is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Who is the current CEO of Ferrous Processing & Trading?
Dave Dobronos is the current CEO of Ferrous Processing & Trading.
What does Ferrous Processing & Trading do?
Ferrous Processing Trading is engaged in the recycling of ferrous and non-ferrous metals, transforming them into high-value resources for industrial use. Operating across North America, the company is positioned at the intersection of commodity trading, advanced processing technology, and supply chain optimization. Sustainable solutions are provided through innovative technologies and custom recycling programs, addressing modern industrial challenges. With a network of 28 facilities, logistics are streamlined for businesses in key industrial hubs. The focus remains on reducing waste and environmental impact while supporting Americas industrial supply chain with essential raw materials.
Who are the top competitors of Ferrous Processing & Trading?
Ferrous Processing & Trading's top competitors include Umicore, Befesa and A.Y. McDonald.
What products or services does Ferrous Processing & Trading offer?
Ferrous Processing & Trading offers Ferrous Metal Recycling, Non-Ferrous Metal Recycling, and Material Management Solutions.
Who are Ferrous Processing & Trading's investors?
Ferrous Processing & Trading has 1 investor. Key investors include Cleveland-Cliffs.