Stainless steel scrap prices moved higher, following recent gains in finished steel. The narrowing economic advantage of scrap relative to new steel has pushed scrap prices up. Rising smelting costs and potential mill production increases may add supply pressure.
Stainless steel scrap prices fell as weaker futures, declining product and high‑grade NPI prices, tight tax invoices, and year‑end off‑season constraints tightened demand.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Stainless Steel Scrap | China | FOB | USD 1,464.30/MT | October 2026 |
| Stainless Steel Scrap | India | CIF | USD 1,590.00/MT | October 2026 |
| Stainless Steel Scrap | Germany | CIF | USD 1,538.81/MT | October 2026 |
| Stainless Steel Scrap | Australia | CIF | USD 1,560.91/MT | October 2026 |
| Stainless Steel Scrap | Brazil | CIF | USD 1,544.24/MT | October 2026 |
| Stainless Steel Scrap | China | FOB | USD 1,498.82/MT | September 2026 |
| Stainless Steel Scrap | India | CIF | USD 1,607.76/MT | September 2026 |
| Stainless Steel Scrap | Germany | CIF | USD 1,590.82/MT | September 2026 |
| Stainless Steel Scrap | Australia | CIF | USD 1,594.44/MT | September 2026 |
| Stainless Steel Scrap | Brazil | CIF | USD 1,605.64/MT | September 2026 |
Stay updated with the latest Stainless Steel Scrap prices, historical data, and tailored regional analysis
In China, the average price of Stainless Steel Scrap rose slightly from ~USD 1,519.33/MT (FOB) in July to ~USD 1,531.19/MT in August. India's average import price eased slightly from ~USD 1,626.14/MT (CIF) to ~USD 1,622.19/MT, while Germany edged down about 0.5%, from ~USD 1,652.96/MT (CIF) to ~USD 1,645.19/MT. In China, the market held steady as mills kept regular purchases, and Chinese customs data showed ferrous scrap imports rising 31.2% in the first eight months of the year. However, lukewarm demand for finished steel and higher mill stocks limited gains. Japan's scrap export prices fell for several months in a row, adding cheaper supply to Asia and keeping Indian import offers in check. In Europe, Eurostat data showed scrap exports rising 10.3% in the first half of the year, but sluggish Turkish demand in late September weighed on sentiment. A proposed EU rule barring most non-OECD buyers from importing EU scrap classed as waste from May 2027 also raised concerns about future oversupply.
Analyst Insight
According to Procurement Resource, in the near term, stainless steel scrap prices are likely to stay range-bound, as steady supply balances cautious mill demand.
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Stainless steel scrap prices in China were 1,515 USD/MT (FOB) in May'26 and edged up to roughly 1,540 USD/MT in June'26, a modest 1.7% gain. In China, higher nickel-ore expectations, firmer stainless steel futures and favorable scrap-based production economics encouraged mills to increase procurement early in the quarter. Market conditions weakened later in May as the traditional stainless steel off-season approached, finished-steel demand softened and buyers became more cautious. A moderate recovery followed in June as mills returned to the scrap market and raw-material costs remained supportive. Indian prices strengthened on firmer regional alloy costs and continued demand for nickel-bearing stainless scrap. In Germany, the prices were around 1,608 USD/MT (CIF) in May'26 before strengthening to approx. 1,662 USD/MT in the last month of the quarter, a 3.3% rise. Germany recorded the increase as elevated alloy and energy costs supported replacement values, although softer service-center buying restrained larger gains.
Stainless steel scrap is the byproduct in the form of pieces or sheets. The stainless-steel scrap is highly corrosion resistant and also has high durability. It is collected and recycled to be melted down and used as a raw material in the production of new stainless-steel products, reducing the need for virgin stainless steel production and conserving resources while minimizing environmental impact.
Aerospace, Renewable energy, Environmental Engineering, Marine applications, Medical devices, Construction, Recycling
Baosteel Group Corporation, EVRAZ North America, BlueScope Steel Ltd, China Steel Corporation, Commercial Metals Company, Hyundai Motor Company
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