Steel Scrap Prices: Weekly Market Report – May 30, 2025

SEATTLE (Scrap Monster): Based on price data compiled from the Scrap Monster Price Index, one could see that steel scrap prices declined during the past one week period from May 23 to 29, 2025.

North America Prices

The prices of #1 HMS and Structural Steel recorded the biggest decline, falling by 4.48% each over the previous week.

The chart below provides weekly price trends in Structural Steel in the North American region:

The HMS 80/20 prices were down by 3.64% over the prior week.

Also, notable price decline was reported in #1 Bundle, whose prices edged lower by 2.44%.

The prices of #1 Busheling and Sheet Metal recorded decline by 2.33% and 2.08% respectively on the Index.

The Shredded Auto Scrap prices were flat on the Index.

USA East Coast Prices

The price of all steel scrap commodities except Shredded Auto Scrap, declined during the previous week.

The prices of #1 HMS and Structural Steel scrap recorded the largest dip, falling by 4.48% each over the prior week. The weekly price chart of #1 HMS scrap is provided below:

The HMS 80/20 scrap prices dropped by 3.64% from $275 per MT to $265 per MT during the week. 

#1 Bundle and #1 Busheling prices were down by 2.44% and 2.33% respectively.

Also, Sheet Metal prices were down by 2.08% over the prior week.

USA Midwest Prices

The region reported decline in prices of all commodities, except Shredded Auto Scrap.

The prices of #1 HMS and Structural Steel scrap recorded the largest dip, witnessing a decline of 4.48% each over the prior week.

The other scrap categories to report notable decline in prices were HMS 80/20, #1 Bundle and #1 Busheling.

The below chart depicts the weekly price movement in #1 Busheling scrap:

The least decline in prices were recorded in Sheet Metal, whose prices were down by 2.08% over the prior week.

USA West Coast Prices

The prices of #1 HMS and Structural Steel scrap recorded the biggest fall, declining by 4.48% each over the prior week.

The HMS 80/20 prices also were by 3.64% over the prior week.

Also, notable price declines were reported in #1 Bundle, #1 Busheling and Sheet Metal. The prices of #1 Bundle scrap went down by 2.44%. Additionally, the prices of #1 Busheling and Sheet Metal dipped by 2.33% and 2.08% respectively.

The prices of Shredded Auto Scrap held steady at $370 per MT, upon comparison with the week before that.

China Prices

The Chinese steel scrap market has been flat during the week. The prices of #1 HMS scrap witnessed no change from the prior week. Cast Iron Scrap prices held steady, as shown in the below chart.

Europe Prices

The prices of all steel scrap commodities such as #1 HMS, Cast Iron Scrap, Grade 1 Old Steel, Grade 2 Old Steel, Grade OA Structural Plate, Sheet Metal, Shredded Auto Scrap and Structural Steel held steady when compared with the week before.

The price variation in Shredded Auto Scrap over the one-week period from May 23 to 29, 2025 is provided in the below chart.

LME Steel Market Update

The LME Steel Scrap CFR Turkey (Platts) Month 2 Closing price as on May 29, 2025 stood at $342.00 per tonne.

The LME Steel Rebar FOB Turkey (Platts) Month 2 Contract closed at $551.00 per tonne.

Meantime, LME Steel Scrap CFR India (Platts) Month 2 prices as on May 29, 2025 closed at $371.00 per tonne.

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