WebFerrous Processing and Trading (FPT) is one of North America’s premier processors, buyers, sellers, and recyclers of scrap metals of all kinds. Ferrous Processing and Trading is a key supplier to the metals industry … WebOct 14, 2024 · "FPT operates 22 scrap processing facilities, with approximately 90% of revenues originating from its Midwest locations, primarily in Michigan and Ohio," said Cleveland-Cliffs. "In the trailing twelve months ended August 31, 2024, FPT generated EBITDA of approximately $100 million.
Cleveland-Cliffs Popped on News of a $775 Million Metal …
WebOct 11, 2024 · According to Cleveland-Cliffs, FPT processes about 3 million tons of scrap metal per year, half of which is prime grade scrap, and sells 99% of it to North American clients. The deal will be useful for Cleveland-Cliffs, according to its CEO, Lourenco Goncalves, in part because Cleveland-Cliffs already indirectly makes a lot of scrap: WebOct 11, 2024 · Steelmaker Cleveland-Cliffs inked a deal to acquire scrap metal processor Ferrous Processing and Trading Company (FPT) and related entities for $775 million. Shares of the company were up 5.2% in ... falwell library login
Soave to sell Detroit scrap metal business to Cleveland-Cliffs in …
WebSearch and apply for jobs at Cleveland-Cliffs, the largest flat-rolled steel producer in North America. Find your future in steel today. WebCLEVELAND—October 22, 2024— Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2024. Third-quarter 2024 consolidated revenues were $6.0 billion, compared to the prior-year third-quarter revenues of $1.6 billion. WebOct 11, 2024 · (RTTNews) - Flat rolled steel producer Cleveland-Cliffs Inc. (CLF) on Monday announced its decision to enter into the scarp business by acquiring Ferrous … convert xlsx to mat