Iron and steel scrap prices in the United State stood at around 325 U.S. dollars per metric ton in 2024. 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 various 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: Cast Iron Scrap (WPU101213) from Dec 1986 to Feb 2025 about iron, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Steel decreased 101 Yuan/MT or 3.05% since the beginning of 2025, 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 March of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap Bundles (WPU10121192) from Jun 1996 to Feb 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Japan ExPI: JPY Basis: MRP: NFMS: Non-Ferrous Metal Scrap: Copper Scrap data was reported at 221.500 2020=100 in Feb 2025. This records an increase from the previous number of 217.800 2020=100 for Jan 2025. Japan ExPI: JPY Basis: MRP: NFMS: Non-Ferrous Metal Scrap: Copper Scrap data is updated monthly, averaging 125.750 2020=100 from Jan 2010 (Median) to Feb 2025, with 182 observations. The data reached an all-time high of 245.800 2020=100 in May 2024 and a record low of 81.600 2020=100 in Apr 2020. Japan ExPI: JPY Basis: MRP: NFMS: Non-Ferrous Metal Scrap: Copper Scrap data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I130: Export Price Index: 2020=100: JPY Basis: Metal & Related Products.

Copper increased 1.13 USd/LB or 28.38% since the beginning of 2025, 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 March of 2025.

The average price of aluminum fluctuated in recent year and increased significantly since 2020. In 2022, the average price was the metal was 2,795 U.S. dollars per metric ton, compared to 1,704 U.S. dollars in 2020.

Aluminum increased 16.20 USD/Tonne or 0.63% since the beginning of 2025, 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 March of 2025.

About This Dataset: Copper Prices and Market Trends

    This dataset provides **insights into copper prices**, including current rates, historical trends, and key factors affecting price fluctuations. Copper is essential in **construction**, **electronics**, and **transportation** industries. Investors, traders, and analysts use accurate copper price data to guide decisions related to **trading**, **futures**, and **commodity investments**.

    ### **Key Features of the Dataset**

    #### **Live Market Data and Updates**
    Stay updated with the latest **copper price per pound** in USD. This data is sourced from exchanges like the **London Metal Exchange (LME)** and **COMEX**. Price fluctuations result from **global supply-demand shifts**, currency changes, and geopolitical factors.

    #### **Interactive Copper Price Charts**
    Explore **dynamic charts** showcasing real-time and historical price movements. These compare copper with **gold**, **silver**, and **aluminium**, offering insights into **market trends** and inter-metal correlations.

    ### **Factors Driving Copper Prices**

    #### **1. Supply and Demand Dynamics**
    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.

    #### **2. Economic and Industry Trends**
    Copper prices often reflect **economic trends**. The push for **renewable energy** and **electric vehicles** has boosted long-term demand. Conversely, economic downturns and **inflation** can reduce demand, lowering prices.

    #### **3. Impact of Currency and Trade Policies**
    As a globally traded commodity, copper prices are influenced by **currency fluctuations** and **tariff policies**. A strong **US dollar** typically suppresses copper prices by increasing costs for international buyers. Trade tensions can also disrupt **commodity markets**.

    ### **Applications and Benefits**

    This dataset supports **commodity investors**, **traders**, and **industry professionals**:

    - **Investors** forecast price trends and manage **investment risks**. 
    - **Analysts** perform **market research** using price data to assess **copper futures**. 
    - **Manufacturers** optimize supply chains and **cost forecasts**.

    Explore more about copper investments on **Money Metals**:

    - [**Buy Copper Products**](https://www.moneymetals.com/buy/copper) 
    - [**95% Copper Pennies (Pre-1983)**](https://www.moneymetals.com/pre-1983-95-percent-copper-pennies/4) 
    - [**Copper Buffalo Rounds**](https://www.moneymetals.com/copper-buffalo-round-1-avdp-oz-999-pure-copper/297)

    ### **Copper Price Comparisons with Other Metals**

    Copper prices often correlate with those of **industrial** and **precious metals**:

    - **Gold** and **silver** are sensitive to **inflation** and currency shifts. 
    - **Iron ore** and **aluminium** reflect changes in **global demand** within construction and manufacturing sectors.

    These correlations help traders develop **hedging strategies** and **investment models**.

    ### **Data Variables and Availability**

    Key metrics include:

    - **Copper Price Per Pound:** The current market price in USD. 
    - **Copper Futures Price:** Data from **COMEX** futures contracts. 
    - **Historical Price Trends:** Long-term movements, updated regularly. 

    Data is available in **CSV** and **JSON** formats, enabling integration with analytical tools and platforms.

    ### **Conclusion**

    Copper price data is crucial for **monitoring global commodity markets**. From **mining** to **investment strategies**, copper impacts industries worldwide. Reliable data supports **risk management**, **planning**, and **economic forecasting**.

    For more tools and data, visit the **Money Metals** [Copper Prices Page](https://www.moneymetals.com/copper-prices).

Turkey is by far the largest importer of steel scrap in the world, with approximately 21 million metric tons of steel scrap imported in 2022. It dwarfed all other main steel scrap importing countries, with India coming in second at around 8.37 million metric tons of imports of the metal. Steel is one of the most widely recycled materials in the world.

Benefits of recycling Many regions incentivize recycling, as it improves energy efficiency and reduces pollution. Although the price of steel scrap is strongly influenced by the price of iron ore, it has become financially viable to bring electric arc furnaces on line and make new products from recycled steel. The European Union was the area with the highest growth in steel scrap imports between 2020 and 2021, reaching an increase of some 31 percent, while Turkish steel scrap imports rose by 11 percent. Overall, the 2021 results were more optimistic compared to the previous year, when steel scrap imports slowed down worldwide.

Turkish prominence Steel production is among Turkey’s largest industries, and the country is home to one of the largest steel mining companies in Europe, Ereğli Demir ve Çelik. The steel industry in Turkey has recently come under pressure due to higher prices. Rising costs came as a result of steel tariffs and higher energy prices. Despite these external factors, Turkey’s steel scrap consumption reached almost 30.2 million metric tons in 2022. Its crude steel production was also on the rise by around 13 percent. Turkish total steel exports were over 18 million in 2022, with the European Union being their main destination area.

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.

Japan ImPI: CCB: MRP: Non-Ferrous Metal Scrap (NFMS) data was reported at 129.100 2020=100 in Jan 2025. This records an increase from the previous number of 128.000 2020=100 for Dec 2024. Japan ImPI: CCB: MRP: Non-Ferrous Metal Scrap (NFMS) data is updated monthly, averaging 128.000 2020=100 from Jan 2020 (Median) to Jan 2025, with 61 observations. The data reached an all-time high of 152.900 2020=100 in May 2021 and a record low of 83.400 2020=100 in Apr 2020. Japan ImPI: CCB: MRP: Non-Ferrous Metal Scrap (NFMS) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I192: Import Price Index: 2020=100: Contract Currency Basis: Metals & Related Products.

In November 2024, the average monthly price for copper stood at over 9,000 U.S. dollars per metric ton. This is down from a monthly high exceeding 10,000 U.S. dollars in March 2024, which was among the highest monthly values observed in the past decade.

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

Iron Ore decreased 1.36 USD/MT or 1.31% since the beginning of 2025, 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 March of 2025.

Lead increased 138.50 USD/MT or 7.10% since the beginning of 2025, 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 March of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap (WPU101212) from Dec 1986 to Feb 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

This statistic depicts the average annual prices for copper from 2014 through 2026*. In 2023, the average price for copper stood at 8,490 nominal U.S. dollars per metric ton.

In 2024, the Pakistani metal remelting scrap ingots market increased by 123% to $1.7M for the first time since 2020, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market reached the peak level at $4.9M in 2020; however, from 2021 to 2024, consumption remained at a lower figure.

Tin increased 5,970 USD/MT or 20.53% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Tin - values, historical data, forecasts and news - updated on March of 2025.