| Product | Region | Incoterm Basis | Price | Time Period |
|---|---|---|---|---|
| Steel Scrap | China | FOB | USD 347.20/MT | April 2026 |
| Steel Scrap | India | CIF | USD 397.20/MT | April 2026 |
| Steel Scrap | USA | CIF | USD 434.20/MT | April 2026 |
| Steel Scrap | Germany | CIF | USD 473.20/MT | April 2026 |
| Steel Scrap | Australia | CIF | USD 385.20/MT | April 2026 |
| Steel Scrap | China | FOB | USD 346.51/MT | March 2026 |
| Steel Scrap | India | CIF | USD 401.51/MT | March 2026 |
| Steel Scrap | USA | CIF | USD 433.51/MT | March 2026 |
| Steel Scrap | Germany | CIF | USD 428.51/MT | March 2026 |
| Steel Scrap | Australia | CIF | USD 390.51/MT | March 2026 |
Stay updated with the latest steel scrap prices, historical data, and tailored regional analysis
Steel scrap prices recorded a generally upward trend in Q1 2026, driven mainly by tight raw material availability, rising freight costs, and higher energy-linked expenses across global markets. Turkey remained one of the strongest markets as supply shortages and freight disruptions kept scrap values supported, while US prices also increased on winter-related collection delays and stable mill demand.
Europe moved into a more balanced phase during the quarter, with earlier supply tightness easing and mills showing resistance to fresh increases, though costs remained supported by energy and transport pressure. China saw only a mild rise, as slower construction recovery and limited new project activity capped steel demand and scrap buying interest. In India, gas supply shortages disrupted secondary steelmakers using scrap and DRI (direct reduced iron), with some mills reducing output and rationing fuel, which added pressure to feedstock flows and market sentiment.
Analyst Insight
According to Procurement Resource, steel scrap prices are likely to remain firm where supply stays tight, though softer finished steel demand may restrict sharper gains.
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The global steel scrap market exhibited divergent regional price trajectories during the fourth quarter of 2025, shaped by contrasting supply-demand fundamentals and seasonal dynamics. North American markets witnessed a fundamental transformation as mills reasserted negotiating power following years of elevated premium structures. Buyers leveraged improved supply availability and spot market liquidity to renegotiate legacy contracts, driving premium compression and shifting procurement strategies toward more flexible, margin-focused sourcing. Contract review processes accelerated as steelmakers challenged inflated pricing arrangements established during earlier supply disruption periods.
European markets balanced weak steel demand against limited scrap availability, with prices supported by export activity to Turkey and North Africa. Seasonal supply reductions intensified due to shortened working periods and early winter weather conditions restricting collection activities. Turkish markets experienced upward price pressure driven by tight supply from key source regions, elevated freight rates, and accelerated purchasing to secure material for early-year requirements, though steel sector fundamentals remained mixed with sluggish rebar consumption.
Asian markets faced downward pressure as Chinese electric arc furnace mills limited purchases amid unprofitable production conditions and seasonal demand weakness. Indian markets confronted mounting challenges from export restrictions implemented by the UAE and potential European Union measures, exacerbating domestic scrap deficiency concerns as international sourcing options contracted.
Steel scrap or scrap is the product produced by re-using steel scrap generated from steel manufacturing processes. It can be remelted over and over endlessly to make new products such as automobiles, rail coaches, ships, white goods, construction products, machinery, electrical and electronic equipment, as well as packaging material.
Used for manufacturing various goods, including home furnishings from metal beds to office equipment, steel lamps and steel tables, white goods, vehicles, electronics, machinery, and packaging, among others.
Scrap metal, Metal Scrap, Ferrous Scrap
EVRAZ North America, China Steel Corporation (CSC), American Iron & Metal Company Inc., OmniSource, LLC, Hyundai Motor Company, TSR Recycling GmbH & Co. KG, European Metal Recycling Ltd., Innovative Metal Recycling, SA Recycling LLC, Schnitzer Steel Industries, Inc., Ward Recycling Ltd, Inc.
CurrencyUS$ (Data can also be provided in local currency)
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The study offers a detailed cost analysis of Cold Rolled Steel Sheet Production From Recrystallization Annealing. In addition, the report incorporates the manufacturing process with detailed process and material flow, operating costs along with financial expenses and depreciation charges.
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