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    Mexico

    May 15, 2025

    Shoots of light in US ferrous scrap export mart?

    Written by Stephen Miller

    The ferrous scrap export market has limped along the last several weeks. After bottoming out at $325 per metric ton (mt) CFR Turkey in late April for HMS 80/20, US-based exporters have seen the prices creep back up gradually into the $340s.

    Shredded scrap has risen into the $360s. Of course, this rise only came after Turkey drained scrap availability from Northern Europe and the US dollar weakened against the euro.

    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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