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    November 17, 2023

    Miller: Pig Iron Market Update

    Written by Stephen Miller

    The importation of basic pig iron has allowed EAF steelmakers to implement thin-slab casting technology to make drawing-quality flat-rolled sheet over the last 30 years. These pig iron imports have made it possible for these furnaces to use the available scrap supply—despite elevated alloy residual content—to make this product by adding it to the melts. By doing this, the steelmakers have successfully neutralized the effects of the copper and other alloys present in most obsolescent recycled ferrous scrap. Needless to say, this pig iron usage is a crucial element in this burgeoning industry.

    Pig Iron Pricing

    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.

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