Steel Summit: US lagging in DRI Commitments

Thais Terzian, principal analyst at CRU, gave a presentation on ore-based metallics (OBM), namely pig iron and direct-reduced iron (DRI), and how important they are to the global steel industry.

Presenting at SMU Steel Summit in Atlanta, Terzian pointed out the nations producing pig iron that US mills could source for importation. However, with recent tariffs imposed by the Trump administration, the number of sources has been reduced to two countries: Brazil and Ukraine. There remains a 10% tariff on pig iron from both of these sources.

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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