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    Analysis

    May 4, 2026

    Prices for imported pig iron poised for further gains

    Written by Stephen Miller

    Prices for imported pig iron into the US rose in April because Brazilian supply remained limited. The gains also coincided with renewed demand for low residual alloyed scrap, for which basic pig iron is used as a substitute.

    Recall that prime scrap grades traded sideways in the domestic market in the April, despite secondary grades tumbling $20 per gross ton (gt). And the prevailing sentiment for May is that #1 busheling and bundles are likely to increase. This may cause pig iron to continue its upward trajectory.

    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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