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    Analysis

    March 12, 2026

    Miller on Pig Iron: US-Brazil trade gains strength

    Written by Stephen Miller

    The pig iron market in the Brazil-to-US trade flow is showing strength as supply concerns and increased logistical costs impact recent sales negotiations.

    We have all heard about the “rainy season,” which limits the production of charcoal used to reduce the iron ore into pig iron.  However, despite this effect on supply, it is usually not enough to push prices up in a scrap market poised to enter a seasonal decline in the US.

    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.

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