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    July 10, 2025

    Miller on Pig Iron: Brazilian tariffs threaten turmoil in sector

    Written by Stephen Miller

    The announcement of 50% tariffs on imports from Brazil, including pig iron, could have a dramatic effect on steelmaking raw materials.

    Yesterday, I wrote a draft article on the pig iron market. There was not too much new to report. I decided to finish and file it after lunch. Needless to say, when I returned to the office and heard about the 50% tariff threatened on Brazilian products, especially on pig iron, I went back to the drawing board.

    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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