Ferrous Processing & Trading Co
3400 E Lafayette St, Detroit, MI 48207
About Ferrous Processing & Trading Co
Sellers in Detroit, Michigan can take scrap to Ferrous Processing & Trading Co, a scrap metal recycling business in Wayne County. The site processes inbound material from walk-in sellers and small contractors, providing a paid intake channel for scrap metal across the surrounding county and nearby towns. The site's accepted-material list is not posted in the directory entry for this yard at the time of the current snapshot. Practical details: operating hours are posted in the directory entry, and a phone line, a website, and an email contact appear in the listing. Both data points are pulled from the yard's filing with the directory and reflect the public-facing snapshot of the inbound flow, surfaced here as a working baseline for sellers planning a visit to the gate. Sorting at the gate moves faster when materials are pre-separated at home — ferrous in one bin, copper in another, aluminum kept clean. The yard can post the load through faster, and sellers tend to land a cleaner intake price on each category. Pre-sorted loads also avoid the wait that comes when staff have to break a mixed bin apart on site before grading and weighing the material.
Scrap Price Estimates (US Average)
Daily US average estimates updated Nov 10, 2026, not Ferrous Processing & Trading Co's own prices; call the yard for its pay rates. How we estimate prices.
| Metal | Est. Price | Unit |
|---|---|---|
| Bare Bright Copper | $5.54 | /lb |
| #1 Copper | $5.31 | /lb |
| #2 Copper | $4.73 | /lb |
| Insulated Copper Wire | $2.60 | /lb |
| Copper Pipe (Clean) | $5.14 | /lb |
| Aluminum (Mixed) | $0.70 | /lb |
| Aluminum Cans | $0.95 | /lb |
| Aluminum Extrusion | $0.99 | /lb |
| Steel (Heavy Melt) | $285.00 | /ton |
| Light Iron / Sheet | $215.00 | /ton |
| Cast Iron | $0.18 | /lb |
| Stainless Steel (304) | $0.62 | /lb |
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