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    Final Thoughts

    July 31, 2026

    Final Thoughts: Scrap trends in the international market

    Written by Stephen Miller

    Lately, the scrap and steel industries have been engaged in a theoretical discussion about the long-term value and trade of ferrous scrap. As electric-arc furnace (EAF) melting proliferates throughout the world for both economic and ecological reasons, the question is whether price and availability of scrap stay within reach for steel-producing countries that rely on scrap imports.

    During the last two decades, the industry has seen a move away from integrated steelmaking to the EAF method in North America and Europe and partially in India and the MENA region.

    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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