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| Global scrap prices |
Turkey and EU Scrap Markets See Continued Price Strength
Global scrap prices remain high as Turkey and European markets face limited supply and seasonal demand shifts. In Turkey, HMS 1&2 80:20 scrap rose 1.9% in early December to $369.1/t FOB. Meanwhile, weak domestic steel demand prompted mills to consider imported billets, moderating further price increases. In Germany and Italy, prices climbed 2.9% and 1.7%, respectively, amid export support and competition for high-quality batches.
US Market Stabilizes While China Faces Weak Demand
In contrast, the US scrap market stabilized at $305/t, supported by metallurgists’ restocking and rising hot-rolled coil prices. Meanwhile, China experienced declining prices, with imported scrap falling 2.9% to $329/t CFR. Seasonal slowdowns and maintenance at electric arc furnace mills constrained purchases, while high domestic supplies limited market recovery. Export and import dynamics varied across regions, influencing local pricing trends.
Outlook for Scrap Prices into 2026
Global scrap prices are expected to remain relatively high until year-end, although weaker steel demand and increased billet imports may stabilize or moderately correct prices in early 2026. Regional differences, grade-specific demand, and supply constraints will continue shaping market dynamics. Strategic purchasing and limited procurement will support price resilience, particularly in Turkey and Europe, ahead of full post-holiday mill operations.
ScrapInsight Commentary
Global scrap markets show resilience due to limited supply and regional demand variations. Price trends will remain supported in Turkey and Europe, while China may see continued pressure. Strategic scrap management and high-quality batch allocation will be critical for mill profitability and circular economy integration.
