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    Mexico

    January 31, 2025

    Scrap market reacts on tariffs from both sides of border

    Written by Stephen Miller

    The scrap and metallics market has reacted to the tariffs potentially being implemented on our neighbors to the north and south. These could have a serious impact on the market, especially on Canada, unless there are exemptions.

    The US imports ferrous scrap from both countries. Metallics consisting of pig iron and direct-reduced iron (DRI) are imported from Canada, but not in the same volumes as 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.

    Read more from Stephen Miller

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