Rochester Iron and Metal
“Can a regional scrap metal processor use supply chain finance tools to preserve supplier relationships and sustain operations amid increasingly extended steel-mill payment terms?”
Founded in 1995 as a regional scrap metal processor in North Central Indiana, Rochester Iron & Metal grew to serve both individual and industrial clients over five decades. Cash-flow pressures from extended steel-mill payment terms (up to 90 days) led the company to adopt supply chain finance solutions — first as a participant in a customer's LSQ SCF program and then as a buyer launching its own LSQ FastTrack® program in 2022. The company subsequently engaged eCapital for additional working capital financing. In August 2025, the business was acquired by Lewis Salvage and rebranded as Lewis Salvage Shred Services.