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Business Summary
The Company is a scrap metal dealer, steel service center and fabrication shop serving construction, agriculture, mining, oil, and retail markets. Revenue is generated from new steel sales (43%), scrap metal (39% of sales), fabrication (16%), and other (2%). The Company provides steel fabrication and erection services to general contractors, as well as offers scrap metal roll-off container services to its customers. The Company operates out of a 15,000 square-foot steel building complete with two 5-ton, 60-foot overhead cranes. Positive industry trends point to continued demand for the Company’s products and services, including approximately 75% less energy is required to produce steel from scrap than iron ore and more steel is being used in housing.
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