March scrap market starts to shape up

After an unusually long period of waiting for the March scrap market settlements, several mills are now actively buying ferrous scrap. And it looks like prices are ticking up.

The delays in buying were partly attributable to the decision on tariffs for scrap from Mexico and Canada. The imposition of these tariffs has been delayed until April and it has resulted in steady scrap shipments from both our neighbors for March. This has made scrap procurement considerably easier than anticipated.

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.

Stephen Miller

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