Ferrous Processing & Trading Salary

Ferrous Processing & Trading Salary

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As of May 2026, the average annual salary for employees at Ferrous Processing & Trading in the United States is $108,570. This translates to an approximate hourly wage of $52. Salaries at Ferrous Processing & Trading typically range from $95,374 to $122,963 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Ferrous Processing & Trading

Ready for your next career move? Explore current job openings at Ferrous Processing & Trading. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Ferrous Processing & Trading’s Pay Competitive? Salary Benchmarking Analysis

How does Ferrous Processing & Trading's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Kwajalein Range Services LLC $99,668
-8.2%
Normalized for lower cost-of-living zones where Kwajalein Range Services LLC primarily operates.
Vilmorin Co $112,705
+3.8%
Driven by niche technical certifications required for Vilmorin Co's specialized projects.
Smith Industries Inc $115,975
+6.8%
Reflects a supply-demand imbalance for the specific talent Smith Industries Inc targets.
Recycling Centers $101,219
-6.8%
Recycling Centers likely leverages performance bonuses over the high base salary shown here.
Retail & Wholesale Industry $123,318
+13.6%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Ferrous Processing & Trading's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Ferrous Processing & Trading. Click a company name to learn more.

Employee Reviews: Working at Ferrous Processing & Trading

Considering a career at Ferrous Processing & Trading? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The company maintains a professional work setting. One of the best aspects of this company is its focus on employee development. The culture is positive, and management truly listens to staff feedback. I appreciate the flexible scheduling options here. The team is friendly, and the workload is manageable. Overall, it’s a great place to build a career in retail. Benefits are average, but the team i...
Commented in April 29, 2025
20
2
The job provides a good work-life balance. The benefits package is solid, and morale is high. The company maintains a structured work environment. The workload is manageable, and the work-life balance is respected.
Commented in March 12, 2025
45
3
There’s a real focus on teamwork here. Steady hours and predictable tasks. The work culture is positive, making every day enjoyable.
Commented in January 05, 2024
33
1

Ferrous Processing & Trading Overview

Website
www.fptscrap.com
Founded In
1904
Employees
200 - 500 employees
Industry
Retail & Wholesale
Headquarter Address
3400 E Lafayette St Detroit Michigan MI 48207
Revenue
$50 Million - $200 Million
Phone Number
+1 3135679710
Social Media
About Ferrous Processing & Trading
Ferrous Processing & Trading, founded in 1914, is a scrap metal processor and seller. They process industrial scrap metal management, non-ferrous metals, ferrous foundry products, and non-ferrous foundry products. Ferrous Processing & Trading is headquartered in Detroit, Michigan.

What Benefits Does Ferrous Processing & Trading Offer Beyond Salary?

A competitive compensation package is more than just a salary. Ferrous Processing & Trading offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Ferrous Processing & Trading.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Ferrous Processing & Trading, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Ferrous Processing & Trading salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Ferrous Processing & Trading

1. What is the typical salary range (low to high) for most roles at Ferrous Processing & Trading?

The typical annual salary range for most roles at Ferrous Processing & Trading is approximately from $95,374 to $122,963. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Ferrous Processing & Trading pay compared to Kwajalein Range Services LLC?

The average annual salary at Ferrous Processing & Trading is $108,570, or an hourly wage of $52, in comparison to Kwajalein Range Services LLC which pays $99,668 per year or $48 per hour.

3. Do salaries differ significantly between departments at Ferrous Processing & Trading?

Yes, salaries often differ between departments at Ferrous Processing & Trading due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Ferrous Processing & Trading?

Experience level is a significant factor in determining salary at Ferrous Processing & Trading, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Ferrous Processing & Trading in Detroit is fair given the local cost of living?

To determine if a salary offer from Ferrous Processing & Trading in Detroit is fair, first compare the gross salary to our data for similar roles at Ferrous Processing & Trading and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Detroit" to understand its purchasing power.

6. What factors influence salary increases at Ferrous Processing & Trading?

Salary increases at Ferrous Processing & Trading are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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