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| Global Scrap Prices |
Regional Supply Constraints and Market Drivers
Global scrap prices have increased since early 2026, reflecting tight supply and active procurement. Meanwhile, European markets led the price surge, with Germany’s E3 scrap rising 13% to €305/t and Italy’s E3 reaching €330/t, up 5.6%. Winter weather in Europe and the U.S. restricted collection, while high freight rates and a strong euro supported higher export prices. In contrast, Turkish HMS 1&2 80:20 scrap rose only 1.5% to $374/t CFR due to weak rebar demand and competition from imported billets. Therefore, supply constraints set a firm price floor despite regional demand differences.
Export Flows and Seasonal Influences
Export demand influenced global scrap prices, particularly toward Turkey and Asia. U.S. scrap prices rose 2.3% to $335/t due to seasonal shortages and logistics disruptions, with frosts delaying collections. Similarly, China saw domestic scrap prices rise 4.6% to $347.1/t, while import offers increased 7% to $342.5/t. However, limited import volumes reflected high costs and strict quality standards. Meanwhile, European exports, mainly from Germany and Italy, supplied Turkey, maintaining upward price pressure. As a result, winter weather and international trade flows jointly shaped regional pricing trends.
Market Outlook and Price Stabilization
Global scrap prices may stabilize or experience moderate corrections as spring improves collection and transportation. In Turkey, construction recovery could trigger significant demand, while in the U.S. and Europe, inventory normalization may ease pressure. In China, EAF plant operations and smelting margins will dictate further price movements. Therefore, analysts expect sideways price ranges with elevated bases until seasonal and operational factors shift, highlighting the importance of monitoring supply constraints, export flows, and regional steel demand.
ScrapInsight Commentary
Global scrap markets show tight supply supporting higher prices, yet weak steel demand limits growth. Seasonal weather, logistics, and export flows remain key price drivers. Monitoring spring recovery in Turkey and EAF ramp-ups in China is essential for forecasting 2026 scrap trends.
