July ferrous scrap market looking even with June

The scrap market seems firm as we go into the midsummer month of July without too many changes from June.

The June market settled easily sideways without much unnecessary debate. July is usually a fairly uneventful month historically. However, July can see a lessening of industrial scrap flows brought on by vacation schedules, automotive retooling, and the July 4th holiday break. This may affect demand, but the fear this year is the effect on supply given the generally improved melt rate.

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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