Scrap prices and metals recycling

Pricing transparency for metals recycling and global scrap markets in the circular economy

Welcome to Fastmarkets metals recycling 

The world of metals is evolving, and so are we. What you’ve known as our scrap and secondary pillar is now rebranded as metals recycling – a name that better reflects the dynamic, technology-driven industry it represents today. This change underscores our commitment to staying ahead of industry trends and supporting a sector that’s critical to the circular economy and sustainable supply chains. 

Metals recycling is no longer just about scrap. It’s a process that plays a vital role in global sustainability efforts.  

  • Sustainability: Recycling metals uses significantly less energy than mining virgin ore, reducing emissions and environmental impact 
  • Strengthening supply chains: Recycling metals provides a reliable, sustainable source of materials for manufacturing, construction, electronics and more 
  • Circular economy goals: Metals recycling is at the forefront, driving innovation and reducing waste 

While the name has evolved, our trusted methodologies, pricing processes and benchmarks remain unchanged. Fastmarkets continues to deliver the same reliable data, analysis and insights that you’ve come to depend on. Our market reflective price data, news and forecasts combine the commodity intelligence of familiar names like Metal Bulletin, American Metal Market, Scrap Price Bulletin and Industrial Minerals. 

Build your personalized view of the metals markets in the Fastmarkets dashboard

What’s happening in the scrap and secondary metals recycling markets?

Scrap and secondary metals recycling markets are in a state of flux. Our expertise spans a wide range of recycled materials, including ferrous and non-ferrous metals, ensuring you have the information you need to make informed decisions. 

Global ferrous scrap prices have continued to fall in the week to August 13 due to high freight rates, Covid-19 outbreaks in importing countries and poor downstream steel demand.

The Turkish steel mills continued to limit their deep-sea scrap bookings in the week ended Friday July 16 due to weak finished steel sales, while the downturn in the country had a knock-on effect on prices in the global markets.

Global scrap prices in the key markets diverged in the week to Friday June 18, with those in Asia moving upward, while Turkish scrap prices fell amid slow buying driven by uncertainty over finished steel sales.

Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.

Turkish steel mills have extended their silence in the deep-sea scrap market due to limited finished long steel demand, especially in the domestic market, participants told Fastmarkets on Thursday April 15.

Turkish deep-sea scrap import prices edged up on Tuesday after firm offers from the Baltic Sea region, although many mills were looking to achieve further rebar sales in the export and domestic markets before purchasing more scrap, sources said on March 30.

How can we help you?

Our global team of over 200 price reporters provides over 900 proprietary scrap prices

Delivered to you as the markets are changing from reporters embedded in the global scrap and secondary markets

With an over 90% accuracy rating, our forecasting helps you understand what’s next for the scrap and secondary market

Grow and protect your profits and insulate your business from volatility with the Fastmarkets risk management team

Fastmarkets’ metals consulting is your partner in creating value and managing risk

Learn how the Fastmarkets platform can help you navigate the fast-moving metals market

Market report

This report brings together a wide range of opinions from US scrap industry participants and delves into the expectations for the market in the upcoming month, providing a deep dive into price movements and market dynamics by region, market side and more.

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