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    Mexico

    March 9, 2025

    Miller on Scrap: Export prices starting to play catch up

    Written by Stephen Miller

    Ferrous scrap prices in Europe are starting to improve. And it’s to the point now that US-based exporters may take a second look at sales to Turkey and other destinations across the pond.

    The recent strength in the Euro vs the US dollar has caused scrap prices to increase. Also bolstering prices are the hint of increased demand for Turkish long products and seasonally reduced scrap flows. It all adds up to markets in Europe are looking much firmer.

    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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