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    scrap

    June 2, 2026

    June ferrous scrap outlook looks sideways to negative

    Written by Stephen Miller

    Current scrap market sentiment is again divided as we enter the summer month of June. Most participants are sticking to sideways positions, while a growing number of players are more pessimistic about pricing, mainly on shredded and HMS.

    Many dealers are indicating obsolescent scrap flows are good but not great. However, there does not seem to be any concerns about supply. The main concern is about the increases in freight caused by the implementation of fuel surcharges. Dealers are saying their mill customers are not acknowledging this while they have installed increased fuel surcharges for steel they sell.

    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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