Iron and steel scrap prices in the United States stood at around *** U.S. dollars per metric ton in 2024, down from *** dollars per ton a year earlier. This is the fourth consecutive annual decrease recorded. Steel scrap consumption The majority of domestic steel industry scrap consumption is from manufacturers of raw steel, and steel castings. These raw materials are used to produce steel products that are used for appliances, construction, machinery, and transportation, among other industry uses. Only small amounts of steel scrap were used for the production of ferroalloys, copper precipitation, and the chemical industry. Recycling scrap Recycled iron and steel scrap materials have been essential for the production of new steel and cast iron products. Vehicles are one of the largest sources of old steel scrap used for recycling and nearly 100 percent of cars are recycled for their scrap material. It is expected that the recycling rate for scrap materials from appliances and construction purposes should rise, especially as public interest for recycling grows and profitability increases.

Steel fell to 3,112 CNY/T on August 22, 2025, down 0.32% from the previous day. Over the past month, Steel's price has fallen 2.99%, but it is still 3.87% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on August of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cast Iron Scrap (WPU101213) from Dec 1986 to Jul 2025 about iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Get the latest insights on price movement and trend analysis of Steel Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Copper rose to 4.46 USD/Lbs on August 22, 2025, up 0.40% from the previous day. Over the past month, Copper's price has fallen 23.30%, but it is still 6.14% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on August of 2025.

Brazil Imports: Price: Other Products: Ferrous Metal Waste and Scrap data was reported at 363.808 USD/Ton in 30 Apr 2025. This records an increase from the previous number of 335.785 USD/Ton for 27 Apr 2025. Brazil Imports: Price: Other Products: Ferrous Metal Waste and Scrap data is updated daily, averaging 451.103 USD/Ton from Mar 2019 (Median) to 30 Apr 2025, with 263 observations. The data reached an all-time high of 2,378.181 USD/Ton in 23 Feb 2025 and a record low of 157.413 USD/Ton in 09 Mar 2025. Brazil Imports: Price: Other Products: Ferrous Metal Waste and Scrap data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA010: Imports: Economic Activity: Product: Price.

Aluminum rose to 2,591 USD/T on August 21, 2025, up 0.33% from the previous day. Over the past month, Aluminum's price has fallen 2.49%, but it is still 4.48% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum - values, historical data, forecasts and news - updated on August of 2025.

This statistic shows steel scrap prices worldwide between the 2013 and 2016 calendar years, and gives a forecast through 2021. In 2018, it is expected that the price of steel scrap will come to around *** U.S. dollars per metric ton.

Metal and Steel Price: Mumbai: Melting Scrap HMS-II data was reported at 38,500.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 38,400.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Mumbai: Melting Scrap HMS-II data is updated monthly, averaging 29,000.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 189 observations. The data reached an all-time high of 57,820.000 INR/Metric Ton in Jan 2023 and a record low of 7,700.000 INR/Metric Ton in Sep 2003. Metal and Steel Price: Mumbai: Melting Scrap HMS-II data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC006: Metal and Steel Retail Prices: Mumbai: Monthly.

Metal and Steel Price: Chennai: Melting Scrap HMS-I data was reported at 38,910.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 38,280.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Chennai: Melting Scrap HMS-I data is updated monthly, averaging 24,150.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 252 observations. The data reached an all-time high of 52,120.000 INR/Metric Ton in Apr 2022 and a record low of 10,500.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Chennai: Melting Scrap HMS-I data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC002: Metal and Steel Retail Prices: Chennai: Monthly.

About This Dataset: Copper Prices and Market Trends

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    #### **Live Market Data and Updates**
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    Global copper supply is driven by mining activities in regions like **Peru**, **China**, and the **United States**. Disruptions in production or policy changes can cause **supply shocks**. On the demand side, **industrial growth** in countries like **India** and **China** sustains demand for copper.

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Iron Ore rose to 101.57 USD/T on August 21, 2025, up 0.05% from the previous day. Over the past month, Iron Ore's price has risen 3.53%, and is up 3.44% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on August of 2025.

Snapshot img

Stainless Steel Market Size 2023-2027

The stainless steel market size is forecasted to increase by 10,299.64 thousand tons at a CAGR of 3.38% between 2022 and 2027. Market growth relies on various factors, notably the increased consumption of high-strength stainless steel, propelled by its corrosion resistance and excellent mechanical properties. Additionally, economic expansion in China and India contributes significantly to market growth. As these nations continue to develop industrially and infrastructurally, the demand for stainless steel, particularly for construction and manufacturing applications, is expected to rise. This confluence of factors positions the market for substantial growth in the foreseeable future. Furthermore, the stainless steel market analysis report includes historic market data from 2017 to 2021. The stainless steel market forecast indicates robust expansion, driven by increasing demand for steel across various industries. The stainless steel market size growth is propelled by advancements in production technologies and the rise of sustainable manufacturing practices. Current stainless steel market trends show a surge in applications, particularly in construction and automotive sectors, underscoring its vital role in modern infrastructure.

What will be the Size of the Stainless Steel Market During the Forecast Period?

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Stainless Steel Market Segmentation

The stainless steel market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Million' for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

End-user Outlook 

  Metal products
  Mechanical engineering
  Automobile and transportation
  Infrastructure and construction
  Electrical engineering





Product Outlook

  Flat
  Long





Region Outlook

  North America

    The US
    Canada


  Europe

    The UK
    Germany
    France
    Rest of Europe


  APAC

    China
    India


  Middle East and Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East and Africa


  South America

    Argentina
    Brazil
    Chile

By End-user

The market share growth by the metal products segment will be significant during the forecast period. The use of stainless steel in metal products provides an aesthetic appeal, extensive textures, strength, functionality, corrosion resistance properties, and ease of cleaning properties such products, driving the growth of steel manufacturing. The demand for stainless steel for manufacturing metal products is high due to its ease of fabrication and mechanical properties.

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The metal products segment showed a gradual increase in the market share of 20,426.71 thousand t in 2017. Stainless steel is used in jewelry, belt buckles, clips, casings, watch straps and backs, cooker hoods, outdoor kitchen cabinets, worktops, drainers, sinks, and others. It is also used in kitchen vessels due to its hygiene properties, durability, and resilience to food discoloration and spoilage. The shift in consumer preference toward hygienic and easy-to-clean products is likely to increase the demand for stainless steel in metal products during the forecast period.

By Region

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APAC is estimated to account for 76% of the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC has some of the largest stainless steel-producing countries in the world, such as China, Japan, South Korea, and India. China was the largest producer and consumer of stainless steel in 2020. Manufacturers are shifting to the consumption of scrap steel and stainless steel as raw materials to reduce pollution as well as manufacturing costs. These factors will drive the growth of the market in APAC during the forecast period.

Stainless Steel Market Dynamics

The market plays a vital role across various sectors, including residential housing, building & construction, railways, and automotive & transportation. Its resistance to corrosion surpasses that of carbon steel, making it a preferred choice. Renowned companies like Jindal Steel and Daido Steel contribute to its production capacities. Stainless steel finds applications in diverse architectural elements such as railings, roofing, and staircases, offering both pliability and appealing aesthetic properties. Moreover, it serves industrial needs like heat exchangers and tubulars, alongside providing swimming pool shades, canopies, and atriums with durability and low maintenance cost during repair and re

The average price of aluminum has fluctuated in recent years, and since 2020 it has increased significantly. In 2024, the average price of the metal was 2,419 U.S. dollars per metric ton, compared to 1,704 U.S. dollars in 2020.

Cleveland-Cliffs raises HRC prices to $950 per ton for July, marking a 4.4% increase amid evolving market dynamics and past downturns.

Snapshot img

Steel Scrap Market Size 2023-2027

The steel scrap market size is forecast to increase by 62.78 million T, at a CAGR of 1.62% between 2022 and 2027. Market expansion is driven by various factors, notably the rising utilization of steel scrap, the robust demand for steel in industrial sectors, and the growing needs within the construction industry. However, this growth trajectory encounters obstacles such as the intricacies involved in sorting steel scrap and the prevalence of impurities within it. Additionally, the presence of substitute materials poses a threat, while fluctuations in the demand and pricing for stainless steel further add to market uncertainty. Overcoming these challenges necessitates innovative approaches to streamline scrap sorting processes and mitigate impurity concerns. Moreover, strategies to address the threat of substitutes and navigate through market volatility are crucial for sustained growth. By proactively managing these factors, the steel industry can capitalize on opportunities and reinforce its position amidst evolving market dynamics.

What will be the Size of the Market During the Forecast Period?

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Market Definition

Steel scraps are discarded steel or steel products that are suitable for melting, generally segregated by composition and size or 'grade'. These are recycled and used to make crude steel.

Market Segmentation

End-User Insights

The market share growth by the construction segment will be significant during the forecast period. The construction industry is a major contributor to the growth of the global market. The construction of high-rise buildings, tech parks, roads, highways, and bridges globally drives the demand for steel manufacturing. Owing to its high strength and ductility, steel is extensively used in the construction industry. It is typically used in the manufacturing of beams for structural frameworks, rectangular tubing for welded frames, and high-strength plates for highways and bridges. It is also used in manufacturing rebars and hollow structural sections.

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The construction segment showed a gradual increase in the market share with 291.44 million tons in 2017 and continued to grow by 2021. Moreover, steel is used in handrails, culverts, columns, pilings, fences, caissons, and sign poles. Durability, strength, economical nature, and suitability to long-term exposure to different kinds of weather increase the demand for steel in the construction sector. Moreover, the growing use of steel that is recovered used in construction equipment significantly increases the demand and, in turn, will drive the growth of the market during the forecast period.

Regional Analysis

APAC is estimated to contribute 66% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The regional market is poised for significant growth due to the increasing adoption of carbon steel, particularly using steel scrap. Notable contributions come from India and China. JSW Steel's USD 1.26 billion partnership with Germany's SMS group aims to cut emissions by 42% by 2030 through greater utilization. Key players like Tata Steel are also driving growth in the Asia-Pacific (APAC) region. Tata Steel's Steel Recycling Business introduced FerroHaat, a mobile app, to streamline India's market. In APAC, the demand for steel is rising steadily, driven by industrialization and infrastructure projects in countries like Indonesia, South Korea, and India. Government initiatives, like India's increased imports in H1 2022, will further boost steel and steel scrap demand in the region. Consequently, the growth of steel production from scrap will be a significant driver in the regional market during the forecast period.

Market Dynamics

The steel industry is undergoing a paradigm shift towards sustainability, with a focus on emission-based sectoral arrangements and carbon emissions reduction. Production of steel, whether through blast furnaces or electric arc furnaces (EAF), is increasingly emphasizing energy efficiency and the use of recycled steel. Major players like JSW Steel are investing in sustainable practices to reduce greenhouse gas emissions. Construction projects, including the Twin Towers of Supertech and the development of recycling parks like the one in Binzhou, China, are adopting sustainable materials such as beams, reinforcement bars, and structural parts. Initiatives like the Scholz Joint Venture and the circular economy approach are driving the steel industry towards a sustainable economy, ensuring the longevity of resources and promoting sustainable dev

Lead rose to 1,984.03 USD/T on August 22, 2025, up 0.53% from the previous day. Over the past month, Lead's price has fallen 2.41%, and is down 6.28% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lead - values, historical data, forecasts and news - updated on August of 2025.

China Transaction Price: 36 City Avg: Scrap Steel: Heavy Scrap 2 data was reported at 2,412.150 RMB/Ton in Mar 2025. This records an increase from the previous number of 2,411.790 RMB/Ton for Feb 2025. China Transaction Price: 36 City Avg: Scrap Steel: Heavy Scrap 2 data is updated monthly, averaging 2,613.070 RMB/Ton from Apr 2008 (Median) to Mar 2025, with 204 observations. The data reached an all-time high of 3,871.000 RMB/Ton in Jun 2008 and a record low of 984.000 RMB/Ton in Jan 2016. China Transaction Price: 36 City Avg: Scrap Steel: Heavy Scrap 2 data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: Transaction Price: Production Material: Steel.

South Korea ImPI: CC: MI: BM: Scrap Metal data was reported at 191.720 2015=100 in Mar 2024. This records a decrease from the previous number of 195.120 2015=100 for Feb 2024. South Korea ImPI: CC: MI: BM: Scrap Metal data is updated monthly, averaging 51.590 2015=100 from Jan 1971 (Median) to Mar 2024, with 639 observations. The data reached an all-time high of 256.520 2015=100 in Apr 2022 and a record low of 14.160 2015=100 in Mar 1972. South Korea ImPI: CC: MI: BM: Scrap Metal data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.I115: Import Price Index (Contractual Currency Basis): 2015=100.

Within its sector the pig iron industry needs to be differentiated economically especially from the streel industry because there is much interdependence on an operational level. After the systematical list of goods for the contemporary industry statistics (edition 1970, Stuttgart und Mainz, S. 37 f.) the furnace industry (synonymous term for pig iron industry) is responsible for the production of pig iron and ferroalloys but not for the production of pig steel. This definition is based on metallurgic and technological reasons. Pig iron is an intermediate product in the transformation process between iron ore and roll steel. Pig iron itself cannot be rolled or forges therefor it is not a usable product in the terms of the steel industry. Another important differentiation needs to be made in contrast to the sector of foundries; this distinction is not that easy. In terms of metallurgy pig iron is not an entirely new product after repeated fusing and shedding in casting molds. But again an economic distinction can be made: pig iron is an intermediate product which is an economically usable finished product only after fusing. The pig iron industry can therefore be defined as an industry which produces pure primary products for foundries and steelworks. The geographical survey area is the German customs territory which basically includes the German Reich and the grand duchy of Luxemburg. Concerning the temporal differentiation there is a field of tension between political and economic history. 1871 was the year if the foundation of the Reich but economically this is no special date. A more sensible start from an economic point of view would be 1873 as a peak in industrial expansion. But 1871 is a very commonly used date for starting an investigation period of the German Reich. So for pragmatic reason we use 1871 as the starting year.The study is subdivided into two main topics. In the first part the growth of pig iron industry is decomposed in its components and explained in an inter-sectoral way using a neoclassical production model of growth. The necessary inter-sectoral analysis of this growth is undertaken in the second part of the study. Register of tables in HISTAT: 01 Trade union density of pig iron workers 1907-191302 Development of pig iron production in tons03 Number of factories and production per factory in tons.04 Use of iron ore, slag and scrap metal in tons 05 Use of limestones and other aggregates in tons 06 Comparison of consumption between charcoal and coke in melting a ton of pig iron 1881-189607 Coke consumption per ton of pig iron in the four different governmental districts of the Rhine province, 1871-190908 Coke consumption per ton of pig iron in chosen governmental districts of Hanover Province, 1871-190509 Coke consumption per ton of pig iron in the governmental district Oppeln 10 Coke consumption of three Prussian provinces and in the customs territory per ton of pig iron 11 Use of coke in tons12 Use of railway transport services in million ton kilometers 13 Labor input 14 Development of labor productivity and capital intensity 15 Furnace statistics 16 Capital Stock (= capacity in 1000 tons).17 Value of production in 1000 Mark.18 Development of the German average prices for 1 ton of pig iron 19 Development of German average prices of iron ore for 1 ton of ore 20 Costs of ore in 1000 Mark21 Development of German lime prices for 1 ton of limestone 22 Surcharge costs in 1000 Mark23 Development of German coke prices (Dortmund-Essener exchange trade price for 1 ton of furnace coke)24 Costs of energy in 1000 Mark25 Material transport costs per ton of iron pig in Mark 26 Costs of transport in 1000 Mark27 Average yearly wages of furnace workers in the Rhineland and Westphalia in Mark28 Average yearly wages of furnace workers in the government district of Oppeln in Mark29 Average yearly per capita income in of employees in the pig iron industry in Mark 30 Wage costs in 1000 Mark31Development of raw profit in 1000 Mark32 Development of per-unit profit 33 Cost structure of the pig iron industry in 1000 Mark absolute values and relative to the value of production 34 Development of total factor productivity 40 Share of the value of the pig iron industry of the GDP in market prices of 1913, absolute in million Mark and in percent.41 Share of employees in the pig iron industry of the total number of employees in percent.42 Pig iron production by types in tons 54 Most important competition prices for German foundry pig iron in Mark per ton 1866-191355 Most important competition prices for German steel pig iron in Mark per ton 1887-1913