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    Analysis

    December 22, 2025

    Ferrous scrap export market firms at year's end

    Written by Stephen Miller

    The export market in the Atlantic Basin has seen significant strengthening during Q4 as 2025 comes to a close. The strength has been mainly driven by Turkish buyers, but Italy has also been a contributor. 

    The increase in pricing for Turkey has been caused by supply concerns from Northern Europe and the UK. Turkish buyers have leaned heavily on shipments from this region before resorting to higher priced US and Canadian suppliers. This has caused a net increase on delivered pricing from both regions.

    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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