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    June 3, 2025

    Miller on Scrap: Trump tariffs seen having little impact on June market

    Written by Stephen Miller

    On Friday, President Trump signaled the tariffs on steel imports will be doubled to 50% from the current level of 25%. Even though the the ferrous trade was not completely shocked by this, it was the suddenness and arbitrary way it came about that were surprising.

    It probably was greeted well by steelmakers and perhaps not so well by steel users. But what were the reactions from the scrap industry?

    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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