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    June 26, 2025

    Ferrous scrap mart enters 'summer doldrums'

    Written by Stephen Miller

    The US scrap market has settled into the “summer doldrums,” along with the domestic steel industry. There are some conflicting opinions on its direction, but most players SMU has contacted can’t find a good reason for the market to rise. But they cannot find a reason for it to fall. I guess that means sideways, whether strong or soft.

    We spoke with a trader in the Western Pennsylvania district who told us there was little change in the expectations of his suppliers.

    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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