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    April 14, 2025

    Miller on Raw Materials: Iron ore tariff woes

    Written by Stephen Miller

    There are several other tariffs implications concerning the ferrous raw materials sector. In addition to tariffs on DRI/HBI imports, there will be also be a tariff on raw materials imported to domestically based metallics producers. 

    In the US, there are three producers of direct-reduced iron/hot-briquetted iron (DRI/HBI). They are ArcelorMittal, Corpus Christi, Texas; Nucor, Convent, La.; and Cleveland-Cliffs, Toledo, Ohio.

    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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