National Metal and Steel Corporation was engaged in ship dismantling operations at Terminal Island in Los Angeles, California. Operations ceased on 1 January 1986 when the company lost its harbor facility to a harbor expansion project.
National Metal and Steel was the final destination for many decommissioned United States Navy ships, and for many red streetcars of the famed Pacific Electric Railway and yellow cars of the Los Angeles Railway which became Los Angeles Transit Lines. Also, a number of the very heavy coal-fired AC-9 class Southern Pacific articulated locomotives, which, for operational reasons, were usable mainly in New Mexico and Texas, and were very rarely operated elsewhere on the SP system due to clearance considerations.
The president of National Metal and Steel was Harry Faversham.