US pig iron tags hold despite potential scrap price drop

The price of pig iron for the US market remains firm despite a potential drop in domestic ferrous scrap prices going into April.

The International Iron Metallics Association (IIMA) held their spring meeting in San Sebastian, Spain, last week. This is a meeting attended by pig iron and direct-reduced iron/hot-briquetted iron (DRI/HBI) producers, traders, users, investors, financiers, and logistics firms.

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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