Global Scrap Steel Prices Rise Amid Supply Constraints

Global Scrap Steel Prices Increase Across Key Markets

Global scrap steel prices have risen since early 2026 due to limited supply and logistics disruptions. European markets led the growth, with Germany’s E3 scrap reaching €305/t and Italy’s €330/t, up 13% and 5.6% respectively. Cold winter weather, frozen rivers, and low scrap collection rates intensified shortages, prompting steelmakers to replenish stocks. Exports, primarily to Turkey, further supported price growth.

Meanwhile, Turkey’s HMS 1&2 80:20 scrap prices increased modestly to $374/t CFR. Limited domestic demand for rebar, high inventories, and competition from imported billets restrained stronger growth. Deals stabilized in the narrow $368–375/t range, suggesting price consolidation until construction activity rebounds in spring.

In the United States, scrap prices rose 2.3% to $335/t, driven by seasonal supply shortfalls and logistics delays. Frosts and snow closures temporarily reduced collections, while steelmakers replenished stocks. Exports to Turkey and Asia supported the price floor, but domestic buyers resisted further increases. A moderate decline is possible as spring restores scrap flows.

Regional Dynamics Shaping Scrap Steel Prices

China’s scrap market displayed cautious growth, with domestic prices at $347.1/t and import offers at $342.5/t. Electric arc furnace (EAF) plants expanded operating hours due to improved smelting margins and higher coke prices. Import volumes remained low due to high costs and strict quality standards, leaving the market mainly domestically oriented. Future price dynamics will depend on EAF capacity utilization and margin improvements.

The global scrap steel market shows varied regional trends. EU shortages, U.S. supply disruptions, and Turkish demand fluctuations highlight supply-driven volatility. Meanwhile, China’s domestic orientation and cautious imports stabilize its market. Steelmakers worldwide must navigate these pressures to optimize procurement strategies.

SuperMetalPrice Commentary:

Global scrap steel prices remain elevated due to limited supply, winter disruptions, and export demand. Price movements now depend on seasonal recovery, EAF capacity, and construction demand. Companies should monitor regional trends and logistics closely, as pricing will remain volatile until spring restores normal scrap flows. Strategic sourcing and inventory management will be critical for cost control in 2026.