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    Analysis

    October 16, 2026

    Brazilian pig iron trade with US stuck in doldrums

    Written by Stephen Miller

    The pig iron trade from Brazil into the US has been lackluster over the last month, with minimal activity. Many players in the trade thought activity would increase after the International Iron Metallics Association (IIMA) meeting in Chicago earlier this month, but it has not materialized so far.

    Part of the reason could be the US scrap buy for October stretched out longer than usual, as buyers and sellers haggled over price. Now that prices settled upward, there may be different ideas on where pig iron prices should settle.

    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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