US scrap trends outlook: June 2025

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our June survey

Market weakens as demand erosion continues to dominate sentiment

Ferrous scrap market sentiment has softened into June, with the Trend Indicator declining further to 44.3, signaling continued bearish expectations across participants. The average forecasted price change is a modest -1.7% m-o-m, a slowdown in the rate of decline from May’s actual drop of -6.2%. Still, bearish tones persist across market segments, with buyers and brokers posting subdued indicators at 44.4 and 35.0 respectively, while sellers remain slightly more optimistic at 53.6.

Read on for some highlights from our US ferrous scrap market survey for June or click here to download your copy of the full US scrap trends outlook.

Market hesitancy drives lower demand for US scrap market

Consensus among surveyed is at 62%, close to the long-term average, suggesting relative agreement among respondents despite a lack of directional clarity.

The market driver this month is lower demand, which remains the dominant concern across responses. This aligns with weak mill buying patterns and continued hesitancy in key downstream sectors like automotive and construction, as noted by surveyed participants.

The market driver this month is lower demand, which remains the dominant concern across responses.

Survey participant

Inventory levels are below average in a wait-and-see pattern

Inventory levels are still below average at 46.7, but not low enough to offset the pullback in consumption. Market participants widely note that activity has settled into a wait-and-see pattern, with few expecting a significant rebound in the short term.

Unless demand fundamentals show signs of recovery, particularly from domestic steel mills, the market appears likely to remain under downward pressure into the early summer period.

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This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
This consultation was done as an adhoc methodology review process, aiming to better reflect the physical market under indexation, considering its reduced liquidity linked to the combination of seasonal demand patterns and the implementation of cross-border import tariffs between the US and China. No feedback was received during the consultation period and therefore Fastmarkets will […]
Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our July survey.
The prices are: The changes were made in order to ensure that the liquidity and price volatility in these markets is adequately captured. The changes were welcomed by market participants seeking more granular coverage and increased transparency. In the UK, the decline of domestic steelmaking means the scrap market is dominated by exports. Exporters told Fastmarkets that […]