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.

In the fourth quarter of 2023, the price of the iron scrap in the United States reached 335 USD/MT by December. Similarly, in China, the iron scrap prices hit 411 USD/MT in the same month.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap (WPU101211) from Dec 1986 to Feb 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap was 601.79000 Index 1982=100 in February 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 reached a record high of 859.24200 in April of 2022 and a record low of 33.30000 in July of 1949. 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 - last updated from the United States Federal Reserve on March of 2025.

In the second half of 2023, the price of copper scrap in the United States reached 6027 USD/MT. It encompasses an in-depth review of spot price of copper scrap at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of copper scrap price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The annual producer price index of aluminum scrap in the United States averaged 251.6 in 2023, with 1982 used as the base year (1982 = 100). This represented a year-over-year decrease of 11 percent. The previous year had seen the highest figure recorded since the turn of the century.

The price of aluminum scrap in the USA reached 1786 USD/MT by December of 2023, the fourth quarter. Similarly, China's market prices stood at 2823 USD/MT in December. In Q4 of 2023, aluminum scrap price trends in Germany also reached 1669 USD/MT.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap (WPU10121208) from Jan 2004 to Feb 2025 about 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: Nonferrous Scrap (WPS1023) from Jan 1973 to Feb 2025 about nonferrous metals, 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: No. 1 Copper Scrap, Including Wire (WPU10230101) from Dec 1986 to Feb 2025 about copper, wired, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Material Recyclers: Carbon Steel Scrap was 498.21100 Index Dec 1986=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Material Recyclers: Carbon Steel Scrap reached a record high of 777.41600 in April of 2022 and a record low of 97.70000 in April of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Material Recyclers: Carbon Steel Scrap - last updated from the United States Federal Reserve 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**. 
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    Explore more about copper investments on **Money Metals**:

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    - [**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).

The price of paper scrap in the United States for Q4 2023 reached 158 USD/MT in December. On the other hand, in Germany, paper scrap prices reached 143 USD/MT in December 2023.

Understanding the trend in scrap copper prices is crucial for those involved in the copper industry. This article explores the fluctuation of scrap copper prices over the years, highlighting the factors that influence them and their impact on the market. From the peak in 2012 to the decline in subsequent years, to the recent signs of recovery in 2021, this article provides valuable insights for making informed business decisions.

United States - Producer Price Index by Commodity: Metals and Metal Products: Cast Iron Scrap was 424.80300 Index Dec 1986=100 in March of 2022, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Cast Iron Scrap reached a record high of 424.80300 in March of 2022 and a record low of 99.30000 in January of 1987. 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: Cast Iron Scrap - last updated from the United States Federal Reserve on March of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Aluminum Base Scrap was 314.15400 Index 1982=100 in March of 2022, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Aluminum Base Scrap reached a record high of 318.20000 in April of 2008 and a record low of 28.20000 in November of 1962. 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: Aluminum Base Scrap - last updated from the United States Federal Reserve on March of 2025.

In 2021, the average annual market price of copper peaked at 9,322 U.S. dollars per metric ton, before slightly decreasing in 2022 and 2023, when its average price was 8,478 U.S. dollars. Copper consumption Copper is a base metal that has a wide variety of uses, which makes it an important commodity. Equipment production generally accounts on average for one third of copper consumption, making it the largest global end use of copper. The country with the highest demand for copper as of 2022 was China, with a demand amounting to nearly nine million metric tons of copper. Following China was Europe, with a total demand of just over two million metric tons. Copper market prices The London Metal Exchange and Comex both provide market prices for copper. In 2023, the copper price for the London Metal Exchange was about 390 U.S. cents per pound. The average Comex price in 2022 was estimated to be about 400 U.S. cents per pound.

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

According to Cognitive Market Research, the global Steel Recycling market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The Scrap Steel is the fastest growing segment of the Steel Recycling industry

Market Dynamics of Steel Recycling Market

Key Drivers for Steel Recycling Market

Increasing Environmental Concerns to Boost Market Growth

The steel industry has an enormous environmental impact, contributing to greenhouse gasoline emissions and excessive useful resource intake. However, recycling steel gives a feasible strategy to mitigate these worries. By diverting scrap metal from landfills, recycling reduces waste and minimizes the need for virgin ore mining. This process, now not the most effective, lowers energy intake but additionally decreases carbon emissions related to metal manufacturing. Emphasizing steel recycling can sell a more sustainable industry, conserve natural assets, and make contributions to a round economy, in the end assisting in addressing weather exchange and guarding the environment for future generations.

Expansion of the Economic Benefits to Drive Market Growth

Steel recycling gives giant financial advantages, serving as a price-effective alternative to generating metallic from virgin ore. By using scrap metallic, producers can drastically lessen electricity consumption, which lowers common production charges. This procedure not only decreases the need for raw substances but also minimizes transportation and processing charges associated with mining. Additionally, adopting recycling practices can decorate the 0e competitiveness of metallic producers in a worldwide marketplace increasingly targeted at sustainability. As the call for environmentally responsible practices rises, agencies that prioritize Steel Recycling can reinforce their marketplace function while contributing to an extra sustainable and green steel enterprise.

Restraint Factor for the Steel Recycling Market

Infrastructure Challenges, will Limit Market Growth

Developing efficient Steel Recycling infrastructure poses considerable challenges in most cases due to the costs and time required to establish complete structures. This consists of developing strong collection networks to accumulate scrap metals from diverse resources, as well as investing in processing centers capable of efficaciously dealing with and reworking recycled substances. Additionally, transportation systems have to be optimized to facilitate the movement of scrap metallic to processing flowers, which may be logistically complex and luxurious. Overcoming those infrastructure hurdles is vital to improving recycling rates and ensuring that the steel enterprise can successfully contribute to sustainability while meeting the growing demand for recycled substances.

Impact of Covid-19 on the Steel Recycling Market

The COVID-19 pandemic notably impacted the Steel Recycling market, leading to disruptions in series, processing, and transportation networks. Lockdowns and reduced commercial activity ended in reduced scrap metallic availability, even as supply chain challenges hindered operations. However, the disaster additionally highlighted the importance of sustainable practices, prompting renewed interest in recycling as industries are looking to enhance resilience and reduce environmental footprints. As economies recover, the Steel Recycling marketplace is poised for growth, driven by increasing demand for sustainable material...

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.