US November scrap market trading flat, sources say

The November scrap market in the US is appearing sideways across the board, according to several sources.

The domestic scrap trade is underway this month, but not yet entirely complete. Most scrap market participants on both sides of the furnace had predicted sideways pricing. The firm export market has remained firm. This and other considerations should keep obsolete grades sideways for November.

Ferrous Scrap

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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