MetalX is a privately held, independent scrap metals company located in Waterloo, Indiana that deals in ferrous and nonferrous scrap.

what drives us


The founders of MetalX have a rich history in the scrap metals industry, dating back to 1943 when Irving Rifkin purchased his first scrap yard. Irving’s son, Leonard, and then his grandsons, Danny, Rick, and Marty, grew the business into the largest scrap processor in the U.S., which was sold to a steel company in 2007. Now, as CEO, Danny Rifkin and his brothers are joined by a fourth generation and a seasoned team of scrap executives.

Our Company

MetalX is a scrap metal recycling company that deals in all types of ferrous and  nonferrous scrap metal. We buy scrap from industrial generators, wholesale suppliers, and the general public. As a processor, we transform unprepared scrap into a form that is suitable for remelting purposes, which then becomes raw material for metal products.

Our first facility is located on a 70-acre site near Waterloo, Indiana, and will be a full-service facility, capable of receiving, processing, and handling high volumes of scrap in the most efficient manner.

Our Vision

To build a lasting organization that creates value for customers, long-term security for employees and superior returns for shareholders.

Our Path

MetalX is focused on achieving long-term growth by implementing clear strategies that emphasize our suppliers and customers by applying our extensive knowledge of and experience in the scrap metals industry.

The MetalX Team

  • Danny Rifkin
  • Jim Ustian
    EVP Marketing
  • Steve King
    VP Marketing
  • Jeff Rynearson
    VP Operations
  • Shari Zink
    Administrative Manager

Our normal business hours are

(Effective April 9th, 2016):

Monday - Friday: 8 AM - 5 PM
Saturday: 8 AM - Noon

Fort Wayne
Monday - Friday: 8:00 AM - 4:30 PM
Saturday: 8:00 AM - 12:00 PM

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