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Following a flat performance in June, the US ferrous scrap market anticipates a moderate price uptick of 2.8% in July, according to the latest survey data. The Trend Indicator rose slightly to 55.6, signaling mildly bullish expectations. Sub-indexes across the market—buyers (54.41), brokers (56.3), and sellers (56.3)—reflect a relatively unified sentiment.
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.
Inventory levels remain near the equilibrium mark at 49.8, and the predominant market driver this month is “All Unchanged,” pointing to a broadly stable environment. The consensus reading of 69% suggests stronger-than-usual alignment among respondents, reinforcing the lack of major shifts in market dynamics.
Inventory levels remain near the equilibrium mark at 49.8 Survey participant
Inventory levels remain near the equilibrium mark at 49.8
Survey participant
Qualitative responses emphasize seasonal steadiness and balanced flows in key regions, with many noting that scrap and demand are moving in tandem. Geopolitical and tariff-related uncertainties persist but are not currently exerting a significant directional pull on the market.
The outlook for July is one of cautious optimism. While no strong push from supply or demand is evident, the expectation of a small price increase suggests some resilience in pricing as the market settles into summer.