US-Brazil pig iron trade stalls heading into fall

The Brazilian-US pig iron market has remained quiet, market sources told SMU.

It has been about a month since there has been activity in the Brazil-to-US pig iron trade. The last round of sales saw US mills quickly conclude four Brazilian cargoes after convincing the Trump administration to carve out an exemption to the increased tariffs on pig iron from Brazil. This tariff remains at 10% rather than increasing to 50%.

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.