Pig iron markets seek clarity after tariff confusion

The pig iron markets have been quiet for the last several weeks as tariff implementation on imports into the US became a reality. There has been debate on which party will have to pay the tariff. A recent transaction could provide the answer to that question.

SMU has verified a cargo of 55,000 metric tons (mt) of pig iron sold to a US buyer last week at a price of $485/mt CFR US Port. The freight is estimated at $25/mt.

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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