Miller on scrap: The plight of dealer resistance

The role of dealer resistance has had many ups and down over the last decades. At times, dealer resistance to ferrous scrap pricing was justified and had positive effects on prices. However, there were other times when dealer resistance had negative and unjustified effects. In recent years, developments have occurred that have limited the effects of dealer resistance, for better or for worse.

History

Ferrous Scrap

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.

History

Stephen Miller

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