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 rose to 3,043 CNY/T on October 21, 2025, up 0.50% from the previous day. Over the past month, Steel's price has fallen 1.68%, and is down 5.96% compared to the same time last year, 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 October of 2025.

View monthly updates and historical trends for US Producer Price Index: Material Recyclers: Ferrous Metal Scrap. from United States. Source: Bureau of Lab…

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Yellow Brass Scrap (WPU10230103) from Dec 1986 to Aug 2025 about metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The annual producer price index of nonferrous scrap in the United States averaged ***** in 2023, with 1982 used as the base year (1982 = 100). This represented a **** decrease in comparison to 2021, which saw a record-high price index, at *****.

United States - Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap (DISCONTINUED) was 569.09700 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap (DISCONTINUED) reached a record high of 827.19300 in November of 2021 and a record low of 64.60000 in January of 1973. 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: Iron and Steel Scrap (DISCONTINUED) - last updated from the United States Federal Reserve on October of 2025.

View monthly updates and historical trends for US Producer Price Index: Metals and Metal Products: Yellow Brass Scrap. from United States. Source: Bureau …

View monthly updates and historical trends for US Producer Price Index: Material Recyclers: Shredded Carbon Steel Scrap. from United States. Source: Burea…

United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap (DISCONTINUED) was 528.19700 Index Dec 1986=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap (DISCONTINUED) reached a record high of 762.10900 in November of 2021 and a record low of 109.40000 in January of 2002. 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: Carbon Steel Scrap (DISCONTINUED) - last updated from the United States Federal Reserve on October 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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Solids and Clippings, New Aluminum Base Scrap (WPU10230201) from Dec 1986 to Nov 2021 about aluminum, metals, new, commodities, PPI, inflation, price index, indexes, price, and USA.

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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 development for futu

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Other Copper and Brass Scrap (WPU10230104) from Dec 1986 to Jan 2023 about copper, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Copper fell to 4.96 USD/Lbs on October 21, 2025, down 0.97% from the previous day. Over the past month, Copper's price has risen 8.18%, and is up 14.07% compared to the same time last year, 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 October of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Solids and Clippings, New Aluminum Base Scrap was 277.42300 Index Dec 1986=100 in November of 2021, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Solids and Clippings, New Aluminum Base Scrap reached a record high of 306.60000 in August of 2021 and a record low of 96.60000 in November of 1993. 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: Solids and Clippings, New Aluminum Base Scrap - last updated from the United States Federal Reserve on October of 2025.

United States PPI: Weights: MM: IS: IR: Stainless & Other Alloy Steel Scrap data was reported at 0.036 % in 2024. This stayed constant from the previous number of 0.036 % for 2023. United States PPI: Weights: MM: IS: IR: Stainless & Other Alloy Steel Scrap data is updated yearly, averaging 0.029 % from Dec 2007 (Median) to 2024, with 18 observations. The data reached an all-time high of 0.051 % in 2021 and a record low of 0.010 % in 2015. United States PPI: Weights: MM: IS: IR: Stainless & Other Alloy Steel Scrap data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I068: Producer Price Index: by Commodities: Weights.

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).

Aluminum rose to 2,781.20 USD/T on October 21, 2025, up 0.27% from the previous day. Over the past month, Aluminum's price has risen 4.94%, and is up 5.39% 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 October of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Other Nonferrous Scrap (Including Lead, Zinc and Precious Metals) was 212.13200 Index Jun 2006=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Other Nonferrous Scrap (Including Lead, Zinc and Precious Metals) reached a record high of 317.60000 in May of 2021 and a record low of 63.50000 in January of 2009. 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: Other Nonferrous Scrap (Including Lead, Zinc and Precious Metals) - last updated from the United States Federal Reserve on October of 2025.

View monthly updates and historical trends for Aluminum Price. Source: World Bank. Track economic data with YCharts analytics.