Thank You to our long-time Customers!
Cambridge Iron & Metal Inc., founded in 1909 in Baltimore, MD announced in December 2015 that we would no longer be operating.
For over 106 years, Cambridge Iron & Metal Co., Inc. has been owned and operated by three generations of the Shapiro family. In that time we have not only learned about your business needs, but have formed many close relationships and friendships. We have serviced your businesses through both good times and bad, and unfortunately, it is now our scrap industry that is experiencing a period of unprecedented turmoil and despair. The collapse of global demand for scrap metal has caused a long steady decline in metal prices. This combined with increasing freight rates and operating costs has created a scenario in which we can no longer weather the storm. We have worked tirelessly to keep our business open for our valued customers and our loyal employees, but with the long-term forecasts showing no tangible signs of improvement, there appears to be no way for the company to survive this downturn.
It is with a heavy heart we are announcing that on December 3, 2015, we will cease our operations and begin an orderly wind down and liquidation of our business.
We appreciate your business, friendship and loyalty for all these years, and your understanding during these trying times. We will sincerely miss being part of the fabric of the Baltimore industrial community.
With much thanks and gratitude,