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    scrap

    June 4, 2026

    Scrap market trading sideways for June

    Written by Stephen Miller

    The US domestic ferrous scrap market started to form on Thursday, with June activity showing signs of a sideways move compared to May levels.

    This was generally predicted by most of the participants SMU has contacted over the last week. Several of the people contacted thought steelmakers would not want to disrupt the free flows of scrap, which has been achieved after a harsh winter and early spring. The steel market is extremely vibrant, and there are ample spreads between steel prices and scrap tags, especially in the flat-roll sector.

    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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