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    Overseas

    October 23, 2025

    Ferrous scrap export market activity sizzles

    Written by Stephen Miller

    There has been renewed activity in the scrap export market in the Mediterranean Basin during the last week. Most of the activity occurred in Northern Europe and the Baltic regions with prices basically staying sideways to up slightly.

    Prices for HMS 80/20 ranged from $345-350 per metric ton (mt) CFR Turkey. If the earlier cargoes booked from the US are added, there have been 31 cargoes purchased by Turkish mills, mainly for shipment in November or early December. In terms of tonnage, this amounts to just slightly under 1 million mt.

    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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