FE TRADING GROUP HIRES STEPHEN T. MILLER AS ITS MANAGER OF BY-PRODUCTS AND FOUNDRY SALES

April 01, 2015  

Fe Trading Group, LLC, a subsidiary of Scrap Metal Services LLC (SMS), is pleased to announce that Stephen T. Miller has been hired as its Manager of By- Products and Foundry Sales. The announcement was made today by Nanci Schuld, President, Fe Trading Group LLC.

Mr. Miller is a 38-year veteran of the metals industry. He began his career in 1976 with the scrap brokerage firm, Luria Bros (now PSC Metals) in Cleveland, OH. as a ferrous scrap trader. In 1983, he became Cleveland area district manager for Mindlin Co, Pittsburgh, PA. From 1988 to 1994, Miller worked in several positions with Luntz Corp., Metals Group (as its founder) and Tube City in Pittsburgh. In 1994, Mr. Miller founded Ferrosource, which in addition to scrap, further specialized in alternative iron sourcing. In 1997, Ferrosource became US agent for sales for pig iron produced at JSC Tulachermet, Tula, Russia.

Beginning in 2001, Ferrosource became a distributor of all grades of pig iron, serving the US foundry industry as well as steelmakers. In 2004, Ferrosource entered into a joint venture with Stemcor USA Inc., New York, NY for pig iron distribution in North America. This culminated in the sale of Ferrosource to Stemcor in July 2008 where he served until now as Managing Director of Ferrosource, Division of Stemcor USA . Mr. Miller has a Bachelor of Science degree in Business from the University of Colorado and served in the US Marine Corp.

“We’re excited to have Steve join our trading team as he has a solid reputation and has extensive trading experience, particularly in by-products and foundry sales. His addition will expand our company’s trading opportunities for additional growth,” said Nanci Schuld.

“I have followed SMS’s strategic growth and success over the last several years, and I believe that I can meaningfully contribute”, said Miller.

Fe Trading Group LLC, a subsidiary Scrap Metal Services LLC, is one of the fastest growing trading and brokerage companies in North America. Fe Trading Group provides complete trading, brokerage and logistic services for scrap processors, demolition companies and metal- working industry.

Scrap Metal Services, LLC (SMS), headquartered in Burnham (Chicago), IL, operates scrap processing, steel mill services, ship dismantlement and recycling, intermodal/truck/railcar dismantling facilities and auto salvage operations throughout the United States. SMS provides full-service scrap management, consulting and purchasing services to industrial scrap generators and demolition contractors, on a local and national basis. SMS is also a supplier of ferrous and nonferrous scrap commodities to both domestic and international consumers and offers brokerage and trading services to other scrap companies. SMS currently has 23 operations in the United States and 2 operations in Mexico.

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