Steel rose to 3,076 CNY/T on September 2, 2025, up 0.89% from the previous day. Over the past month, Steel's price has fallen 3.78%, but it is still 1.02% 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 September of 2025.

Graph and download economic data for Global price of Metal index (PMETAINDEXM) from Jan 1992 to Jun 2025 about metals, World, indexes, and price.

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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel (WPU101) from Jan 1926 to Jul 2025 about iron, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Jul 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

HRC Steel fell to 793 USD/T on August 29, 2025, down 2.10% from the previous day. Over the past month, HRC Steel's price has fallen 7.79%, but it is still 11.06% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for HRC Steel.

Aluminum fell to 2,617.40 USD/T on September 1, 2025, down 0.11% from the previous day. Over the past month, Aluminum's price has risen 2.06%, and is up 7.98% compared to the same time last year, 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 September of 2025.

Market intelligence service for the international metals industry, provides businesses, government agencies and individuals with reliable and accurate raw material pricing for metal products. Main focus is price discovery for “open market’ or over-the-counter metal products – reporting the prices of metals that are not listed on the major exchanges, but essential to global trade.

Website: https://www.metalprices.com/

Explore how factors like raw material costs, global demand, and geopolitical tensions impact stainless steel prices. Understand the role of nickel and chromium markets, sustainable practices, and economic growth in price fluctuations.

Raw materials price index (RMPI) by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

Copper fell to 4.40 USD/Lbs on September 1, 2025, down 2.49% from the previous day. Over the past month, Copper's price has fallen 0.83%, but it is still 10.24% 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 September of 2025.

According to Cognitive Market Research, the global Scrap Recycling Market market size will be USD XX million in 2025. It will expand at a compound annual growth rate (CAGR) of XX% from 2025 to 2031.

North America held the major market share for more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. Europe accounted for a market share of over XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. Asia Pacific held a market share of around XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. Latin America had a market share of more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. Middle East and Africa had a market share of around XX% of the global revenue and was estimated at a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031. Key Drivers

"Sustainability and rising demand for recycled metals drive Market growth"

Sustainability is the core driver behind the growth of the scrap metal recycling market. As industries worldwide face increasing pressure to reduce their environmental impact, the demand for recycled metals has surged. Many sectors, including automotive, construction, and electronics, are shifting toward recycled metals to minimize waste, lower energy consumption, and reduce the carbon footprint of their manufacturing processes. For instance, automakers use recycled aluminum and steel to build new vehicles, significantly reducing energy costs compared to producing new metals. The growing recognition of the benefits of recycling supports the global shift toward a more sustainable economy, which is propelling market growth.

"Fluctuating raw metal prices drive Market growth through cost-effective recycling"

Fluctuations in the prices of raw metals, such as aluminum, copper, and steel, are also driving the growth of scrap metal recycling. When prices for virgin metals increase, industries turn to recycled metals as a more cost-effective alternative. Recycling offers an attractive solution, reducing reliance on costly raw materials while providing a reliable supply of metals that can be reused in manufacturing. For instance, as the price of copper rises, industries that rely on copper-based components, like electronics and construction, are more likely to use recycled copper, which is less expensive and readily available. This price sensitivity encourages industries to adopt recycling as a viable and economically beneficial option, thus fostering the expansion of the market. These driving factors—sustainability goals and the economic advantages of recycling in the face of volatile raw material prices—are critical to the ongoing growth of the scrap metal recycling market. With more industries prioritizing environmental responsibility and cost savings, the demand for recycled metals is poised to continue its upward trajectory.   Restraint

"Contaminated scrap metal raises costs and challenges, limiting Market growth"

One significant restraint in the scrap metal recycling market is the issue of contaminated scrap metal. When scrap metal is mixed with non-metallic or hazardous materials, it complicates the recycling process, as these contaminants must be separated before the metal can be reused. This additional step increases both the time and costs associated with recycling. Moreover, the presence of contaminants can reduce the overall quality of the recycled metal, making it less competitive with virgin materials. In some cases, this contamination requires more advanced processing technologies, further driving up costs and presenting technical challenges. As a result, the presence of contaminated scrap metal can limit market growth by hindering efficiency and raising operational expenses for recyclers.

Opportunity

Electric Vehicle Production and growing interests in Corporate Sustainability Drives Increasing Demand for Recycled Metals

A significant opportunity for the scrap metal recycling market is the rising demand driven by the production of electric vehicles (EVs). Electric vehicles require substantial amounts of metals such as aluminum, copper, and steel for batteries, motors, and other components, all of whic...

The wholesale of used and residual materials has been subject to highly volatile developments over the past five years. In addition to important customer markets such as the recycling industry, steel and iron foundries and steel producers, the price of steel in particular has been very volatile over the past five years and was one of the reasons for the industry's highly volatile sales. Another key reason for the very high sales volatility was the coronavirus crisis. In 2020, demand for industry products collapsed due to the pandemic and only lower prices could be realised for them. Since 2021, however, the industry has benefited from a sharp rise in raw material prices. Due to economic catch-up effects, there was a significant increase in demand for materials such as steel and non-ferrous metals from various sectors, including construction, the automotive industry, mechanical engineering and the consumer goods industry. In 2021, prices for key raw materials for metal production such as iron ore and coking coal also rose sharply. This drove up the prices of metals; the price of steel alone rose by 110% in 2021 compared to the previous year. Prices for steel scrap, an important product area in the industry, also rose due to increased demand and limited supply. This was reflected in strong sales growth.Industry turnover therefore increased by an average of 4.6% per year between 2020 and 2025. However, the industry's turnover has been declining again since 2022. This is mainly due to falling raw material prices and an economic downturn in key customer industries, which consequently require fewer used materials for their production. Industry turnover in 2025 is expected to fall by a further 2.2% to €14.9 billion. The industry is currently characterised primarily by volatile commodity prices, such as the global market price for steel or copper, as well as the development of the industry's production volume. The current decline in steel prices is having a particularly negative effect on the industry, as trading in steel scrap accounts for a large proportion of turnover.Over the next five years, IBISWorld expects industry turnover to grow by an average of 1.8% per year to €16.3 billion in 2030. The industry is primarily faced with the challenge that many newly manufactured products, such as cars, are becoming increasingly complex, making it more and more difficult for industry players to simply dismantle them, and products are therefore increasingly being delivered directly to recycling service providers. This is the main reason why the number of companies and employees in the sector is expected to trend downwards over the next five years.

Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data was reported at 116.600 2010=100 in Sep 2020. This records a decrease from the previous number of 117.300 2010=100 for Aug 2020. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data is updated monthly, averaging 97.700 2010=100 from Jan 2010 (Median) to Sep 2020, with 129 observations. The data reached an all-time high of 121.600 2010=100 in Feb 2011 and a record low of 79.500 2010=100 in Dec 2015. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I021: Raw Materials Price Index: 2010=100.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless Steel (WPU10170674) from Dec 2010 to Jul 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

This statistic shows the stock prices of selected raw material commodities from January 2, 2020 to February 5, 2025. After the Russian invasion of Ukraine in February 2022, metal prices increased significantly due to disruptions to supply chain and increased demand. Since then, stock values of raw materials started to decrease albeit with some fluctuations.

Iron Ore rose to 101.81 USD/T on August 29, 2025, up 0.10% from the previous day. Over the past month, Iron Ore's price has risen 2.77%, and is up 3.15% 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 September of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Yellow Brass Scrap was 726.91300 Index Dec 1986=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Yellow Brass Scrap reached a record high of 786.01600 in March of 2022 and a record low of 100.00000 in December of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Yellow Brass Scrap - last updated from the United States Federal Reserve on July of 2025.

LME Index fell to 4,241.30 Index Points on September 1, 2025, down 0.11% from the previous day. Over the past month, LME Index's price has risen 2.39%, and is up 6.24% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on September of 2025.