 |
| US ferrous scrap prices |
Balanced Supply and Demand Limit Market Volatility
The US ferrous scrap market expects stable prices in August amid balanced supply and demand conditions. Buyers and sellers maintain contrasting views on the near-term market direction. Therefore, market participants anticipate a quiet trading month across major US steel mills.
Trend Indicators Signal Modest Downward Pressure
The Trend Indicator currently stands at 47.7, which is slightly below the neutral level of 50. As a result, the prediction model allows for an average month-on-month price decline of 0.9%. Estimated inventories hover around 49.7, indicating that scrap stocks remain close to historical averages. Meanwhile, weak export activity and summer mill outages continue to restrict overall demand.
ScrapInsight Commentary
The US ferrous scrap market maintains a stable baseline in August 2026, driven by balanced mill inventories and limited export demand. However, persistent macroeconomic headwinds and subdued seasonal activity suggest that regional pricing will likely drift slightly downward before autumn demand recovers.
