Tungco specializes in tungsten carbide reclamation and raw feed supply to tungsten carbide suppliers and consumers. As a global leader in the tungsten recycling industry, Tungco supplies truckload quantities of material to consumers who recycle and produce new tungsten products. Our procurement team is made up of some of the most knowledgeable tungsten specialists in the industry. We value our relationships. Ensuring that our suppliers receive the highest level of service throughout the procurement process is very important to us.
Accurate processing, settlement, and payment are handled with the utmost efficiency. Globally, there are thousands of tons of tungsten scrap generated from oil and gas, machining, thermal spray, aerospace, energy, healthcare, automotive, manufacturing, scrap dealers
and other tooling industries. These industries use tungsten in their daily operations and are left with a large amount of tungsten waste. At Tungco, our suppliers are able to trade that scrap for revenue and we are able to recycle the tungsten into reusable material.
One of our core values at Tungco is to do “Whatever it Takes.” Let us prove it to you, it’s as simple as a price quote.
Words from Chairman
When I look back over the years I do see some disappointments, some regrets, and certainly some mistakes. Many of the choices I made were dumb and were failures. Even with that said, I do not look back today and feel any disappointment for not trying.
2019 began our 50th year in business. Through the years we have ridden out many waves in the market, as that is what markets tend to do. Sometimes, we were only surviving and at other times, we were thriving. All the while we have maintained our goal of growing the
business and capturing market share. Much of our growth and success has been found by keeping our core focus on tungsten and the recycling of it. Our persistence over the years has led us to our current position in the global tungsten market.
My heart is full of thanks and gratitude to my team, both present and past, and to customers and suppliers we have worked with over the last half century. I am excited and look forward to what the future holds.
Steve Nance, founder of Tungco Incorporated, started recovering tungsten while in high school at Madisonville North Hopkins. He graduated from there in 1971 and continued education at Madisonville Community College and the University of Kentucky for two more years. Steve went to work for GTE/American Mine Tool from 1984-1986. After returning to Tungco full time he and his team started manufacturing mine drill bits as well as recycling tungsten. This led to the formation of Cuda Tools, Inc. in 1996. Cuda International LLC was then formed in West Virginia, which manufactured drill bits and Cuda Canada, manufactured tungsten wear products. Steve co-founded Tungco Powder Procurement, the sludge and powder division in 2009 as well as 74 Alloys, the Tungsten Alloys division in 2014. With Steve’s help, the Global division, Tungco Worldwide was started in 2015. As of today, Steve Nance stands as the Chairman of our company.
See How It All Started
What We Do
Meet Our Tungco Family
Chairman, Steve Nance and his father, James Nance began reycling tungsten in 1969. Over the years, Tungco has expanded into one of the largest tungsten secondary raw materials suppliers in the world.
I have been a member of the Tungco team since March of 2014. Last fall I completed a CPE course entitled Best Practices for Getting Paid Faster (Invoicing Best Practices). I was impressed with the relevance it had to not only our company’s accounts receivable, but to all companies.
I have been in the Scrap Metal industry recycling Tungsten Carbide for the last 20 years, the last 4 of which have been with Tungco and I have seen many ups and downs. From 9/11, to financial collapses to global unease and pandemics, the one thing I have learned is that while the world still turns, our business does get affected, but at the end of it all, we come out stronger and more knowledgeable.