Global Scrap Prices Rise in Mid-March 2026 Amid Supply Constraints and Freight Surge

Post Views: 70 Scrap Prices Global Scrap Prices Rise as Turkey and US Lead Market Gains Global scrap prices rise across key markets in mid-March 2026, driven by supply shortages and logistics costs. Turkey and the United States recorded the strongest gains during this period. Meanwhile, the European Union showed signs of stabilization, and China posted only marginal increases. Turkey led the upward trend, with HMS 1&2 80:20 scrap reaching $388.3 per ton CFR. This level marks the highest point since July 2024. Prices increased by 3.9% month-on-month and 5.3% since early 2026. Supply shortag...