 |
| US ferrous scrap prices |
US ferrous scrap prices are likely to decline modestly in April 2026, reflecting balanced yet cautious market conditions. The Trend Indicator for April posted 46.9, signaling a 3.1% month-on-month decrease. This follows a flat prior month, with minimal price movements in March.
Market Sentiment and Buyer Caution
Buyer sentiment remains notably weak, with a Trend Indicator of 40.7, while brokers and sellers stay neutral at 50.0. Meanwhile, consensus levels hit a record-low 47.0, indicating high uncertainty among market participants. Therefore, diverging expectations could influence short-term scrap trade decisions.
Inventory Levels and Market Drivers
Inventory assessments registered 49.0, reflecting near-normal stock levels without significant supply imbalances. As a result, the primary driver cited by participants was “All Unchanged,” suggesting stable supply-demand conditions. However, the slightly bearish tilt may pressure ferrous scrap prices in the near term.
The April outlook emphasizes caution among buyers and modest downward pricing risk despite balanced market fundamentals.
ScrapInsight Commentary
The softening April outlook signals mild price pressure for US ferrous scrap, driven by cautious buyers despite balanced inventories. High uncertainty underlines the need for close monitoring of near-term market shifts. Strategic procurement and hedging could mitigate risks in this subdued environment.
