| Product | Region | Incoterm Basis | Price | Time Period |
|---|---|---|---|---|
| Steel Scrap | China | FOB | USD 347.20/MT | April 2026 |
| Steel Scrap | India | CIF | USD 397.20/MT | April 2026 |
| Steel Scrap | USA | CIF | USD 434.20/MT | April 2026 |
| Steel Scrap | Germany | CIF | USD 473.20/MT | April 2026 |
| Steel Scrap | Australia | CIF | USD 385.20/MT | April 2026 |
| Steel Scrap | China | FOB | USD 346.51/MT | March 2026 |
| Steel Scrap | India | CIF | USD 401.51/MT | March 2026 |
| Steel Scrap | USA | CIF | USD 433.51/MT | March 2026 |
| Steel Scrap | Germany | CIF | USD 428.51/MT | March 2026 |
| Steel Scrap | Australia | CIF | USD 390.51/MT | March 2026 |
Stay updated with the latest steel scrap prices, historical data, and tailored regional analysis
In China, the monthly average Steel Scrap price was ~RMB 2.49/kg in April and around RMB 2.53/kg in the subsequent month, showing an increase of ~1.7%. The marginal increase was primarily driven by limited scrap generation and steady buying from domestic steelmakers, while modest steel production growth and subdued obsolete scrap collection kept feedstock availability tight. In India, the monthly average Steel Scrap price was ~INR 33.99/kg in April and around INR 35.99/kg in the subsequent month, showing an increase of ~5.8%. The sharper increase was supported by concerns over impending EU scrap export restrictions, prompting India, one of the world's largest recycled metal importers, to seek exemptions amid fears of higher raw material costs and intensified competition for global scrap cargoes. Across both markets, expanding electric arc furnace (EAF) capacity and the growing transition toward circular steelmaking further elevated demand for high-quality scrap.
Analyst Insight
According to Procurement Resource, in the near term, steel scrap prices are expected to remain firm as supply constraints and strategic procurement continue to support market sentiment.
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Steel scrap prices recorded a generally upward trend in Q1 2026, driven mainly by tight raw material availability, rising freight costs, and higher energy-linked expenses across global markets. Turkey remained one of the strongest markets as supply shortages and freight disruptions kept scrap values supported, while US prices also increased on winter-related collection delays and stable mill demand.
Europe moved into a more balanced phase during the quarter, with earlier supply tightness easing and mills showing resistance to fresh increases, though costs remained supported by energy and transport pressure. China saw only a mild rise, as slower construction recovery and limited new project activity capped steel demand and scrap buying interest. In India, gas supply shortages disrupted secondary steelmakers using scrap and DRI (direct reduced iron), with some mills reducing output and rationing fuel, which added pressure to feedstock flows and market sentiment.
Steel scrap or scrap is the product produced by re-using steel scrap generated from steel manufacturing processes. It can be remelted over and over endlessly to make new products such as automobiles, rail coaches, ships, white goods, construction products, machinery, electrical and electronic equipment, as well as packaging material.
Used for manufacturing various goods, including home furnishings from metal beds to office equipment, steel lamps and steel tables, white goods, vehicles, electronics, machinery, and packaging, among others.
Scrap metal, Metal Scrap, Ferrous Scrap
EVRAZ North America, China Steel Corporation (CSC), American Iron & Metal Company Inc., OmniSource, LLC, Hyundai Motor Company, TSR Recycling GmbH & Co. KG, European Metal Recycling Ltd., Innovative Metal Recycling, SA Recycling LLC, Schnitzer Steel Industries, Inc., Ward Recycling Ltd, Inc.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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The study offers a detailed cost analysis of Cold Rolled Steel Sheet Production From Recrystallization Annealing. In addition, the report incorporates the manufacturing process with detailed process and material flow, operating costs along with financial expenses and depreciation charges.
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