Miller on Scrap: Heading for another sideways month?

Traditionally, August is a month when scrap supplies start to shrink. Scrap dealers often report a slowdown of inbound flows of obsolescent material into their production facilities. However, the larger deficit in supply is from the industrial grades, which are impacted by vacation schedules and retooling at automotive related manufacturing plants during the month. Let’s see if these factors play a role in the August market.

Recall that scrap settled soft sideway this month. Will August follow suit?

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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