Owner, Stephen
Feinstein is the third generation in his family to trade in
the metals industry. His Grandfather came to
this country in 1917 and started a small local scrap yard in
Houston, Texas. After World War II, his father Julius,
a decorated veteran of the war, came back to start his own
business trading in government surplus that was created
after the war. Later this small business of buying
“surplus” evolved into Universal Metals and Machinery.
A publicly traded company that had offices in Venezuela,
Japan, Georgia, Midland, Texas and Houston, Texas.
After graduating the University of Texas In 1983, Stephen
joined his father’s business to fine tune a trade that he
had grown up around his entire life. For the past 10
years Stephen has been on his own trading in surplus, excess
prime and secondary material. For Stephen metal is not
secondary it is second nature.
