Scrap Metal Prices: Weekly Market Report- June 5-11, 2026
Weekly Metal Price Report | 2026-06-12 04:39:37 | By Carolina Curiel
Copper scrap markets remained firm, with prices recording modest growth and building on the upward trend established in the previous week.
MONTREAL (Scrap Monster): The report highlights recent pricing developments in the North American scrap metal sector, examining week-on-week movements across major scrap grades based on Scrap Monster Price Index data for June 5–11, 2026.
KEY TAKEAWAYS
- Copper scrap markets remained firm, with prices recording modest growth and building on the upward trend established in the previous week.
- Aluminum scrap prices showed mixed trends, though the majority of grades declined weekly.
- Brass scrap market recorded modest week-on-week increases.
- Stainless steel scrap prices registered a dip during the week.
- Steel scrap market maintained price stability throughout the week, supported by steady demand patterns and adequate material availability.
Copper scrap markets reported a modest jump in prices over the previous week. Most categories posted modest gains, while a few remained unchanged on the Index. #3 Copper- Light Copper and #2 Copper Wire and Tubing posted the sharpest weekly gains, rising by ↑1.54% and ↑1.51%, respectively, on the Index compared with the prior week.
Aluminum scrap prices registered a modest week-on-week decline on the Scrap Monster Price Index, with most listed grades recording declines. Prices for all monitored aluminum scrap grades declined on the Index, with the exception of Aluminum Radiators/Fe, Al/Cu Radiators, Al/Cu Radiators/Fe, and Aluminum Transformers, which remained resilient.
Brass and bronze scrap prices registered modest gains on the Index, continuing the positive pricing momentum observed in the previous week. In the meantime, lead scrap markets remained stable, with no price variations reported across key regional markets.
Zinc scrap prices declined week-on-week across key regions. Meanwhile, global steel scrap benchmark prices remained unchanged, highlighting balanced market fundamentals between supply and demand.
Stainless steel scrap prices declined modestly on the Index during the period under review.
For full market breakdowns, visit the Daily Scrap Metal Price Report Hub or track real-time prices via the US Scrap Price Index.
NON-FERROUS SCRAP
Market Drivers
Elevated Primary Metal Prices
LME copper and aluminum prices remain near historically high levels, improving the attractiveness of recycled feedstock versus virgin metal. Higher benchmark prices typically encourage stronger scrap procurement and support scrap valuations.Global Supply-Side Constraints
Mine disruptions, limited concentrate availability, and geopolitical risks are tightening supply across several non-ferrous metals. These constraints increase reliance on secondary raw materials and strengthen demand for scrap.Geopolitical and Logistics Risks
Ongoing Middle East tensions and concerns surrounding shipping routes are increasing energy and transportation costs. Higher logistics expenses can restrict scrap flows and create regional supply imbalances, supporting prices.Trade Policies and Tariff Developments
Proposed tariffs on metal imports and evolving trade regulations are influencing global metal flows and procurement strategies. Such measures may increase domestic demand for scrap and create localized price premiums.Improving Scrap Demand-Supply Fundamentals
Recent market data indicate that scrap supply growth is not keeping pace with demand, particularly in copper. Buyers continue to compete aggressively for available material, suggesting a fundamentally supportive environment for non-ferrous scrap prices in the medium term.Strong Electrification and Energy Transition Demand
Demand from EV manufacturing, renewable energy projects, grid modernization, and AI/data-center infrastructure continues to boost copper and aluminum consumption. This structural demand trend is expected to provide sustained support to non-ferrous scrap markets.
The near-to-medium-term outlook for non-ferrous scrap remains moderately bullish, driven by tight scrap availability, strong electrification-related demand, elevated primary metal prices, and ongoing global supply constraints. Copper and aluminum scrap are expected to remain the strongest-performing segments.
COPPER SCRAP PRICES
- COMEX Copper Futures closed at USD 6.3945 per pound as of June 11, 2026, slightly higher by around 11¢ (↑1.75%) over the prior week.
- According to the London Metal Exchange, LME Copper 3-month contract's closing price stood at $13,482.50 per tonne.
Market Highlights
North America Copper Scrap Prices: Copper scrap prices continued to trend upward during the week, building on the positive momentum established in the prior reporting period. Among the key grades, #1 Copper Bare Bright advanced by ↑1.46%, while #1 Copper Wire and Tubing recorded a ↑1.49% increase. #2 Copper Wire and Tubing also strengthened, posting a ↑1.51% gain on the Index, reflecting sustained demand and firm market sentiment across the copper scrap segment.
Charts
The table below outlines the week-on-week price movements for #1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing.
| Category | Price Change ($) | % Change |
| #1 Copper Bare Bright | 0.09 | +1.46% |
| #1 Copper Wire and Tubing | 0.09 | +1.49% |
| #2 Copper Wire and Tubing | 0.09 | +1.51% |
Access our Daily Scrap Metal Price Report Hub
Track real-time prices via our US Scrap Price Index
USA East Coast Copper Scrap Prices
According to the Scrap Monster Price Index, #1 Copper Bare Bright prices rose by $0.09 per pound as of Thursday, June 11, 2026, marking a ↑1.46% increase from the previous week. #1 Copper Wire & Tubing also advanced by $0.09 per pound, registering a ↑1.49% weekly gain, while #2 Copper Wire and Tubing climbed by an identical amount, posting a ↑1.51% week-on-week increase by the end of the reporting period.
USA Midwest Copper Scrap Prices
Copper scrap prices continued to strengthen during the week ended June 11, 2026, with all major grades recording notable gains on the Scrap Monster Price Index. #1 Copper Bare Bright prices advanced by $0.09 per pound, translating to a ↑1.51% week-on-week increase. Similarly, #1 Copper Wire & Tubing prices rose by $0.09 per pound, posting a ↑1.53% gain compared to the previous week. Meanwhile, #2 Copper Wire and Tubing extended its upward momentum, registering a ↑1.56% increase over the week.
USA West Coast Copper Scrap Prices
#1 Copper Bare Bright prices on the Scrap Monster Price Index increased by $0.09 per pound as of Thursday, June 11, 2026, recording a weekly gain of ↑1.44%. #1 Copper Wire & Tubing also edged higher by $0.09 per pound, reflecting a ↑1.46% increase from the previous week. Meanwhile, #2 Copper Wire and Tubing prices advanced by ↑1.49% by the close of the week.
International Comparison
China Copper Scrap Prices
- All leading copper scrap categories posted modest declines on the Scrap Monster Price Index.
- The top losers during the week were #2 Copper Wire and Tubing ↓1.92%, #1 Copper Wire and Tubing ↓1.90%, and #1 Insulated Copper Wire 85% Recovery ↓1.87%
India Copper Scrap Prices
- All copper scrap categories recorded a week-over-week dip on the Scrap Monster Price Index.
- The commodity to report the biggest fall in prices was Copper sheet cutting, whose prices were down by INR 40,000 per Ton(↓4.35%).
ALUMINUM SCRAP PRICES
- COMEX Aluminum Futures closed at USD 3,518.48 per metric ton as of June 11, 2026, modestly lower when compared with the previous week's closing price of USD 3,598.50 per metric ton.
- LME Aluminum 3-month contract closed at $3,502.00 per tonne, according to the London Metal Exchange.
Market Highlights
North America Aluminum Scrap Prices: Over the past week, E.C. Aluminum Wire saw a modest decline in prices, falling by $0.07 per Lb (↑↓4.19%) to finish lower on the Scrap Monster Price Index compared with the previous week. 6063 Extrusions also closed the week on a weak note, dropping $0.05 per Lb week-on-week, while Old Cast experienced a dip of $0.04 per Lb (↓3.96%). UBC prices followed the weak market trend, recording a decline of $0.04 per Lb over the previous week.
Charts
The table below provides weekly price fluctuations in E.C. Aluminum Wire, 6063 Extrusions, Old Cast and UBC.
Category | Price Change ($) | % Change |
0.07 | -4.19% | |
0.05 | -4.31% | |
0.04 | -3.96% | |
0.04 | -3.92% |
Access our Daily Scrap Metal Price Report Hub
Track real-time prices via our US Scrap Price Index
USA East Coast Aluminum Scrap Prices
The price of E.C. Aluminum Wire on the Scrap Monster Price Index recorded a decline of $0.07 per Lb (↓4.19%) as of Thursday, June 11, 2026. 6063 Extrusions edged lower by $0.05 per Lb compared with the previous week. Old Cast prices decreased from the previous week's closing price, falling by $0.04 per Lb (↓3.96%) during the week, while UBC prices also fell by $0.04 per Lb on a week-on-week basis.
USA Midwest Aluminum Scrap Prices
Aluminum scrap prices posted declines over the past week. E.C. Aluminum Wire prices dropped by $0.07 per pound(↓4.19%), while 6063 Extrusions edged lower by $0.05 per Lb (↓4.31%). Old Cast prices saw a dip of $0.04 per Lb week-on-week. Similarly, UBC prices decreased by $0.04 per Lb during the same period.
USA West Coast Aluminum Scrap Prices
The price of E.C. Aluminum Wire on the Scrap Monster Price Index recorded a fall of $0.07 per Lb as of Thursday, June 11, 2026. 6063 Extrusions were down by $0.05 per Lb, upon comparison with the prior week. By the end of the week, the price of Old Cast dropped by $0.04 per Lb (↓3.92%). Also, UBC prices recorded a week-on-week decline by $0.04 per Lb.
International Comparison
China Aluminum Scrap Prices
- All aluminum scrap categories recorded a modest decline from the previous week's prices on the Scrap Monster Price Index. Old Cast and Old Sheet posted the biggest dips, falling by CNY 300 per MT (↓1.38%) each.
India Aluminum Scrap Prices
- All aluminum scrap categories recorded a dip on the Scrap Monster Price Index.
- The prices of both Aluminum utensil scrap and Aluminum ingots registered a similar decline, both down by INR 14,000 per Ton
- Week-on-week, Aluminum utensil scrap recorded the biggest dip, falling by ↓3.69%
BRASS/BRONZE SCRAP PRICES
Market Highlights
North America Brass/Bronze Scrap Prices: Over the previous week, there was a jump in brass/bronze scrap prices. Yellow Brass’s prices increased by ↑0.87% during the course of the week. Red Brass closed on a higher note, rising by ↑0.84% during the week.
Charts
The table below provides weekly price fluctuations in Yellow Brass and Red Brass.
Category | Price Change ($) | % Change |
0.03 | +0.84% | |
0.03 | +0.87% |
Access our Daily Scrap Metal Price Report Hub
Track real-time prices via our US Scrap Price Index
USA East Coast Brass/Bronze Scrap Prices
On the Scrap Monster Price Index, Red Brass prices rose by ↑0.84% as of Thursday, June 11, 2026. Yellow Brass also posted gains, increasing by ↑0.87% on the Index.
USA Midwest Brass/Bronze Scrap Prices
By the end of the week ended June 11, 2026, Red Brass prices had risen by ↑0.85% compared to the start of the week. Yellow Brass also recorded a week-on-week increase, edging up by ↑0.90%.
USA West Coast Brass/Bronze Scrap Prices
Red Brass prices rose by $0.03 per pound, marking a ↑0.81% increase from the previous week. Meanwhile, Yellow Brass prices also moved higher, gaining ↑0.85% on the Scrap Monster Price Index by week’s end.
International Comparison
China Brass/Bronze Scrap Prices
- All brass/bronze scrap categories recorded a slight decline on the Scrap Monster Price Index.
- Red Brass and Yellow Brass prices dropped by CNY 300 per MT each.
India Brass/Bronze Scrap Prices
- All brass/bronze scrap categories recorded week-over-week dip on the Scrap Monster Price Index.
- Top Loser: Brass Cuttings, which was down by INR 14,000 per Ton (↓3.20%)
LEAD SCRAP PRICES
- COMEX Lead Futures recorded a modest decline of USD 59.50 per Ton (↓2.96%) over the prior week to close at USD 1,946.93 per Ton as of June 11, 2026.
- The closing price of LME Lead 3-month contract was $1,944.50 per metric tonne, as per London Metal Exchange data.
Market Highlights
North America Lead Scrap Prices: Lead scrap prices traded flat over the week, indicating stable supply-demand fundamentals. Scrap auto battery prices also held steady, closing the week at unchanged levels.
Chart
The table below provides weekly price fluctuations in Scrap Auto Batteries.
Category | Price Change ($) | % Change |
0 | Nil |
Access our Daily Scrap Metal Price Report Hub
Track real-time prices via our US Scrap Price Index
USA East Coast Lead Scrap Prices
The price of Scrap Auto Batteries on the Scrap Monster Price Index held steady as of Thursday, June 11, 2026.
USA Midwest Lead Scrap Prices
Scrap auto battery prices remained stable during the week ending June 11, 2026, with no change recorded compared to the previous week's levels.
USA West Coast Lead Scrap Prices
The prices of Scrap Auto Batteries recorded no change on the Scrap Monster Price Index as of Thursday, June 11, 2026.
International Comparison
China Lead Scrap Prices
- Soft Lead and #2 Lead scrap prices posted a marginal week-on-week decline of CNY 50 per MT each on the Scrap Monster Price Index.
- In the meantime, Auto Battery prices recorded a dip of ↓0.76% from the prior week's prices.
India Lead Scrap Prices
- The prices of all lead scrap categories in the region edged lower over the previous week on the Scrap Monster Price Index.
ZINC SCRAP PRICES
- COMEX Zinc Futures closed at USD 3,494.45 per metric ton as of June 11, 2026, recording a modest decline of USD 31.70 per metric ton (↓0.90%).
- LME Zinc 3-month contract's closing price on the London Metal Exchange: $3,496.00 per tonne
Market Highlights
North America Zinc Scrap Prices: Zinc scrap prices were down over the past week, with all categories reporting a decline from the previous week's prices. New Zinc Die Cast prices edged lower by $0.01 per Lb. Also, Old Zinc Die Cast prices recorded a similar dip in prices, falling by $0.01 per Lb during the week.
Charts
The table below provides weekly price fluctuations in New Zinc Die Cast and Old Zinc Die Cast.
Category | Price Change ($) | % Change |
0.01 | -1.16% | |
0.01 | -1.37% |
Access our Daily Scrap Metal Price Report Hub
Track real-time prices via our US Scrap Price Index
USA East Coast Zinc Scrap Prices
The price of New Zinc Die Cast on the Scrap Monster Price Index recorded a dip by $0.01 per Lb as of Thursday, June 11, 2026. Also, Old Zinc Die Cast prices were down by $0.01 per Lb over the previous week.
USA Midwest Zinc Scrap Prices
By the end of the week ending June 11, 2026, prices for both New Zinc Die Cast and Old Zinc Die Cast declined by $0.01 per lb compared to the previous week.
USA West Coast Zinc Scrap Prices
The prices of New Zinc Die Cast witnessed week-over-week dip of $0.01 per Lb on the Scrap Monster Price Index as of Thursday, June 11, 2026. Similarly, the Old Zinc Die Cast prices were down by $0.01 per Lb week-over-week.
International Comparison
- Shred zinc scrap prices recorded a dip of CNY 250 per MT on the Scrap Monster Price Index. The commodity's price were down marginally by ↓1.47% from the previous week's price during the week ended June 11, 2026.
- Tin Slab prices held steady week-over-week on the Scrap Monster Price Index.
- Zinc slab prices recorded a decline of INR 7,000 per Ton (↓1.90%) over the previous week
FERROUS SCRAP
Market Drivers
Stable Steel Mill Purchasing Activity
Steel producers across North America have largely maintained steady scrap procurement levels, reflecting consistent raw material requirements. Stable mill buying has helped keep ferrous scrap prices supported despite the absence of significant upward price pressure.Seasonal Scrap Collection Constraints
The supply of obsolete scrap remains somewhat constrained due to seasonal collection patterns and lower inflows from demolition and industrial sources. Limited availability of prime and obsolete grades could tighten regional markets and support pricing.Steel Production Trends
Operating rates at electric arc furnace (EAF) mills continue to be a key determinant of scrap demand. Any increase in steel production driven by stronger order books in construction, infrastructure, or manufacturing would likely boost scrap consumption.Export Market Competitiveness
Global demand for ferrous scrap, particularly from major importing regions such as Turkey and parts of Asia, remains an important pricing driver. Changes in export buying activity or freight economics can quickly affect domestic scrap market balances.Energy and Transportation Costs
Fuel prices, freight rates, and logistics costs remain critical factors affecting scrap collection and movement. Higher transportation expenses can restrict scrap flows and reduce available supply, providing support to regional pricing levels.Balanced Supply-Demand Fundamentals
Recent market activity indicates a relatively balanced ferrous scrap environment, with neither buyers nor sellers exerting significant pricing pressure. While this has resulted in stable prices in the short term, any shift in mill demand or scrap generation could alter market direction.
The near-to-medium-term outlook for ferrous scrap remains stable to moderately bullish. Supportive factors include steady steel production, constrained scrap flows, infrastructure-driven steel demand, and potential trade-related benefits for domestic mills. However, the absence of aggressive mill buying and balanced market fundamentals may limit the pace of any significant price appreciation.
STEEL SCRAP PRICES
Market Highlights
The closing price of various LME 2-month steel contracts on the London Metal Exchange as of May 28, 2026 is provided below:
Steel Scrap CFR Turkey (Platts) - $400.50 per tonne
Steel Rebar FOB Turkey (Platts) - $591.00 per tonne
Steel Scrap CFR India (Platts) - $389.00 per tonne
North America Steel Scrap Prices: Steel scrap prices remained flat week-on-week, signaling stable market fundamentals and balanced supply-demand dynamics. #1 HMS held firm at prior-week levels, while Shredded Auto Scrap, HMS 80/20, and #1 Busheling also traded sideways with no notable price movement.
According to the American Iron and Steel Institute (AISI), U.S. raw steel production totalled 1.877 million NT during the week ended June 6, 2026. This is ↑0.30% week-on-week and ↑5.30% year-on-year.
The capability utilization rate stood at 81.3% (compared to 81.1% in the week ending May 30, 2026).
Region-wise production - Northeast-140,000 NT, Great Lakes-502,000 NT, Midwest-318,000 NT, Southern-844,000 NT, Western-73,000 NT
Charts
The table below provides weekly price variations in #1 HMS, Shredded Auto Scrap, HMS 80/20, and #1 Busheling.
Category | Price Change ($) | % Change |
0 | Nil | |
0 | Nil | |
0 | Nil | |
0 | Nil |
Access our Daily Scrap Metal Price Report Hub
Track real-time prices via our US Scrap Price Index
USA East Coast Steel Scrap Prices
Ferrous scrap prices remained largely unchanged during the week ended June 11, 2026, according to the Scrap Monster Price Index, reflecting a market characterized by steady trading activity and balanced fundamentals.
Key benchmark grades, including #1 HMS, Shredded Auto Scrap, and HMS 80/20, held at their previous week's levels without any notable price adjustments. Meanwhile, #1 Busheling also continued to trade at stable levels, underscoring the absence of significant supply or demand pressures across the broader steel scrap market.
USA West Coast Steel Scrap Prices
Ferrous scrap benchmark prices showed no week-on-week movement as of June 11, 2026, according to the Scrap Monster Price Index. #1 HMS maintained its previous week's level, while Shredded Auto Scrap and HMS 80/20 also remained unchanged throughout the reporting period. Similarly, #1 Busheling continued to trade at stable levels, reflecting a balanced market environment and steady conditions across key steel scrap grades.
International Comparison
China Flat
China Steel Scrap Prices
- All the steel scrap categories held steady on the Scrap Monster Price Index.
- #1 HMS and Cast Iron Scrap prices remained flat upon comparison with the previous week's prices.
STAINLESS STEEL SCRAP PRICES
Market Highlights
North America Stainless Steel Scrap Prices: Over the previous week, stainless steel scrap prices declined on the Scrap Monster Price Index. 304 SS Solid scrap prices recorded a dip of ↓4.35% on a week-on-week basis.
Chart
The table below provides weekly price fluctuations in 304 SS Solid scrap.
Category | Price Change ($) | % Change |
0.03 | -4.35% |
Access our Daily Scrap Metal Price Report Hub
Track real-time prices via our US Scrap Price Index
USA East Coast Stainless Steel Scrap Prices
The price of 304 SS Solid on the Scrap Monster Price Index recorded a dip of ↓4.35% as of Thursday, June 11, 2026.
USA Midwest Stainless Steel Scrap Prices
304 SS Solid prices registered a modest decline on the Scrap Monster Price Index. The price of the commodity edged lower by ↓4.35% during the week.
USA West Coast Stainless Steel Scrap Prices
The price of 304 SS Solid on the Scrap Monster Price Index recorded a downward movement, dropping by $0.03 per Lb during the week ended Thursday, June 11, 2026.
International Comparison
China ↓2.10%
China Stainless Steel Scrap Prices
- All stainless steel scrap categories recorded decline on the Scrap Monster Price Index.
- Top Losers: 310 SS ↓2.54%, 201 SS ↓2.34%
See all Stainless steel daily reports → | Stainless Steel Price Index → | Related Stainless steel news →
Weekly Market Drivers
- U.S. Steel Mill Production- U.S. Steel Output Climbs 5.3% Y-o-Y: AISI
- Steel Shipments- U.S. Steel Shipments Post April Gains; YTD Volumes Rise 3.6%
- Mill Cleanup - Georgetown residents voice concerns over steel mill cleanup
- Billet prices - Billet prices rose by $10-20 per ton in regional markets in May
- Steel Output -China daily crude steel output declines in late May
- Mill Development/ Investment - U.S. Steel pledges up to $2.5 billion in upgrades to Mon Valley Works / Tata Steel says new £1.25bn furnace may be delayed due to electrical issue
- Steel Imports- Finished Import Market Share Estimated at 17 Percent in May
- Site Accident- Man dies at west Charlotte steel company
- Steel Trade Measures- UK releases new steel trade measure, effective from July 1, 2026
- Tariffs- UK consulting on steel tariff plan after warnings from users
- Scrap Metal - Camden suspends license for EMR Recycling after multiple scrap yard fires
Global Comparison & Policy Impact
USA vs. China/India
Expert Quote:
'Unless export volumes creep back up soon, I think June is off on shredded scrap, but flat on primes.' — A Northern Ohio ferrous scrap trading source, quoted by Stephen Miller, Senior Ferrous Scrap Analyst at Steel Market Update
Market Outlook
Stable Mill Demand to Provide Price Support
Steel mills are expected to maintain consistent scrap purchasing volumes as production levels remain relatively steady. Continued demand from electric arc furnace (EAF) operators should help support scrap prices and limit downside risks in the coming months.Tight Obsolete Scrap Supply Likely to Persist
Flows of obsolete scrap from demolition, manufacturing, and collection channels remain below historical norms in several regions. Restricted supply could tighten market conditions and provide a supportive backdrop for ferrous scrap pricing.Export Demand Could Influence Market Direction
Purchasing activity from key importers, particularly Turkey and Asian markets, will remain a major determinant of global scrap prices. Any increase in export buying could tighten domestic supply and strengthen pricing sentiment.- Trade Measures May Favor Domestic Scrap Consumption
Potential tariff actions and trade restrictions on imported steel products could encourage higher domestic steel production. Increased mill output would likely lead to stronger demand for ferrous scrap feedstock. - Manufacturing Activity Will Shape Prime Scrap Availability
The pace of industrial and automotive production will directly impact the generation of prime scrap grades such as busheling. Stronger manufacturing output would increase scrap availability, while slower activity could keep supply constrained. - Balanced Fundamentals Point to a Stable-to-Firm Market
Current market indicators suggest that supply and demand remain broadly balanced. While significant price spikes appear unlikely in the near term, constrained scrap generation and steady steel demand could support a stable-to-moderately bullish market environment.
WATCHLIST FOR UPCOMING WEEK
U.S
- Mon: Industrial Production & Capacity Utilization (May)
- Tue: Retail Sales (MoM) (May), Import / Export Price Index
- Wed: FOMC Interest Rate Decision & Statement
- Thu: Initial Jobless Claims (Weekly)
Europe (EU & UK)
- Mon: Eurozone Trade Balance
- Tue: Eurozone ZEW Economic Sentiment
- Wed: UK Consumer Price Index (CPI) Inflation (YoY), Eurozone Final Consumer Price Index (CPI) (YoY)
- Thu: Bank of England (BoE) Interest Rate Decision
- Fri: UK Retail Sales (MoM)
Asia & Oceania
- Mon: China Retail Sales & Industrial Production (YoY), China Unemployment Rate
- Wed: Japan Trade Balance (Imports/Exports)
- Thu: Australia Employment Change & Unemployment Rate
- Fri: Japan National Core Consumer Price Index (CPI), Bank of Japan (BoJ) Monetary Policy Meeting & Rate Decision
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