Contributor: Stephen Miller

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.

Miller on scrap: The diminished role of the scrap broker

Over the last two decades, the role of the scrap broker has been diminished in favor of steel mills purchasing their scrap requirements directly from scrap dealers.

Miller on scrap: Pig iron market takes off

The prices for all grades of pig iron have dramatically risen since SMU’s last report from Nov. 18.

Miller on scrap: Export market prices rising

The export market for ferrous scrap has been strengthening over the last month by a sizable margin.

Miller: Pig Iron Market Update

The importation of basic pig iron has allowed EAF steelmakers to implement thin-slab casting technology to make drawing-quality flat-rolled sheet over the last 30 years.

Ferrous Scrap: The Iron Foundry Market

The iron and steel foundry industries consume about 17% of the ferrous scrap in the US each year. They purchase several grades of scrap in common with steelmakers, such as shredded and turnings. But, most of the grades are much more restrictive than what larger mills require.

Ferrous Scrap: Republic Steel Closing - End of an Era

The announcement that Republic Steel in Canton, Ohio, is going to permanently cease operations disappointed many scrap suppliers in Ohio and Pennsylvania.

Ferrous Scrap: Export Market Report

The ferrous export market in the US has experienced several geopolitical events and natural disasters during 2023.

November Scrap Tags Seen Mostly Sideways, Sources Say

As the ferrous scrap market in the US enters the home stretch for 2023, it faces an array of issues and uncertainties.

SMU Explains: A Brief History of the US Pig Iron Market

The pig iron trade is an important element to the US steel and foundry industry.

Scrap Insight: Scrap Optimization as a Hedge on Pig Iron Usage?

Some of the movements in scrap and pig iron pricing over the past 18-24 months have been quite drastic.

Scrap Insight: All Eyes on UAW as 'Unsettled' Oct. Trade Approaches

The US scrap market for October is a bit unsettled as the UAW strike against the Big Three automotive companies has expanded and shows scant signs of an imminent settlement.