Scrap export mart gains momentum to start 2026

The export markets in the Mediterranean Basin have shown firmness over the last month and have started to build in the first half of January.

During December, buyers in Turkey concentrated on cargoes from Northern Europe and Baltic origins and held prices between $361-368 per metric ton (mt) CFR for HMS 80/20. But any attempts to drop prices or even buy sideways were not successful as the January market for scrap started to settle.

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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