Iron Scrap Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Iron Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Iron Scrap Price Trend for the Second Half of 2023

Iron Scrap prices were witnessed to fluctuate throughout the second half of 2023. July began with a marginal dip in prices, particularly in the American and European regions, as the supplies started improving after a long time.

Iron Scrap Price Chart

Iron Scrap Price Trends and Forecast

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In the Asian markets, however, the prices were found to be inclining, particularly in the Indian and Chinese markets, as the demands were rising in both domestic and international markets. Nonetheless, these situations reversed soon as the second half of the third quarter started seeing a dip in prices in the Asian markets. The supply flow increased, and the American markets started weighing high as the suppliers here got cautious with orders and purchased less.

Some stability in the global iron scrap market was achieved in the fourth quarter as the gap between the supply and demand dynamics started to diminish, which brought the pricing fundamentals on more equal terms, and the price graph almost plateaued during this time. Overall, a lukewarm performance was witnessed in H2’23.

Analyst Insight

According to Procurement Resource, Iron Scrap price trends are expected to pick up in the coming months as the manufacturing and recycling industries are likely to boost following the holiday season.

Iron Scrap Price Trend for the First Half of 2023

In the first and second quarters of 2023, the price trend of iron scrap oscillated consistently in the North American region. The construction and demolition sectors showcased steady demand that somewhat stabilized the market sentiments of iron scrap. Further, the offers from overseas buyers also helped to keep the demand in the positive zone.

The inflow of iron scrap in the region was not as par to equalize the demand from the downstream sectors. The muted supply provided the iron scrap market with a positive push, especially in the months of March and April. The sales of downstream industries such as automotive and construction improved only slightly during this period. However, during the end months of the second quarter, the market sentiments of the construction and the demolition sector contracted, and even the investors were reluctant to spend, negatively impacting the iron scrap price trend.

Analyst Insight

According to Procurement Resource, the price of Iron Scrap is estimated to fluctuate in the upcoming quarters due to the uncertain market sentiments of the downstream industries.

Procurement Resource provides latest prices of Iron Scrap. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Iron scrap refers to discarded or recycled iron containing materials and products derived from old-machinery, vehicles, appliances, and structural components. ich can then be melted down and reused in various industrial applications, particularly in the production of steel and iron-based alloys. Recycling iron scrap helps conserve resources, reduce waste, and minimize the environmental impact associated with mining and producing new iron materials.

Product Details

Report Features Details
Product Name Iron Scrap
Industrial Uses Steel production, Foundries, Construction, Automotive industries, Fencing and security, Energy Industry
HS Code 72044910
Supplier Database American Iron & Metal Company Inc, European Metal Recycling Ltd, Innovative Metal Recycling, SA Recycling LLC, Schnitzer Steel Industries Inc, Rudolf Schuy Gmbh Co KG, TSR Recycling GmbH & Co KG
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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