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    October 1, 2025

    IIMA meeting: Decarbonization to drive demand for scrap, DRI

    Written by Stephen Miller

    The International Iron Metallics Association held their biannual meeting in Sao Paulo, Brazil, this week. Much of the first sessions centered on Brazilian iron ore production, and strategies to further the decarbonization of the inputs to the steelmaking process. There was also an in-depth market report on pig iron, ferrous scrap and HBI/DRI, as well as the overall world economic outlook. 

    In the afternoon session, Thais Terzian from CRU Group’s office in Santiago, Chile, presented on the “Impact of Decarbonization on the Americas Metallics Markets.” (CRU is the parent company of SMU.)

    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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