Brazil, US pig iron deals pause on tariff uncertainty

There has been a pause this month in new pig iron transactions between Brazil and the US due to uncertainty around US tariffs, sources said.

Although supply is still short and prices are still firm to up, this is not the reason for the impasse. Concerns center around the uncertainty of tariff levels for shipments to the US after the Section 122 tariffs expire on July 24. The section 122 tariff stands today at 10%.

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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