Ferrous Scrap: Export Market Report

The ferrous export market in the US has experienced several geopolitical events and natural disasters during 2023. Among them are the continuation of the Russian-Ukrainian war, the earthquake in Turkey in February, and now the ongoing Israeli-Hamas Gaza conflict. They are all having an effect on world scrap prices.

In discussing the overall tenor of the export markets with a USEC-based export executive, this person shed some light on the current state of affairs with SMU.

Stephen Miller

Stephen Miller started his career in the scrap metal industry in 1978 at Luria Brothers in Cleveland. Over the last 40-plus years, he has worked in all capacities in the trading business. He has had positions in both domestic and international scrap trading. In addition to scrap, Miller was at the forefront of the pig iron trade and established a pig iron distribution company under the name of Ferrosource, Inc. Most recently, Miller has concentrated on the scrap export market and regularly does consulting for several companies in the industry.