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Weekly Metal Price Report | 2026-06-12 04:39:37
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 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.
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.
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
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.
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.
#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.
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
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.
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.
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.
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
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.
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%.
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.
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
The price of Scrap Auto Batteries on the Scrap Monster Price Index held steady as of Thursday, June 11, 2026.
Scrap auto battery prices remained stable during the week ending June 11, 2026, with no change recorded compared to the previous week's levels.
The prices of Scrap Auto Batteries recorded no change on the Scrap Monster Price Index as of Thursday, June 11, 2026.
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
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.
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.
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.
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.
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
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.
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.
China Flat
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
The price of 304 SS Solid on the Scrap Monster Price Index recorded a dip of ↓4.35% as of Thursday, June 11, 2026.
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.
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.
China ↓2.10%
See all Stainless steel daily reports → | Stainless Steel Price Index → | Related Stainless steel news →
Weekly Market Drivers
"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.
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Copper scrap was among the strongest performers, with key grades such as #1 Copper Bare Bright, #1 Copper Wire & Tubing, and #2 Copper Wire & Tubing posting gains of around 1.5%.
Most aluminum scrap grades declined during the week, with E.C. Aluminum Wire, 6063 Extrusions, Old Cast, and UBC all recording notable price decreases.
Ferrous scrap prices remained unchanged week over week, indicating stable market conditions and balanced supply-demand dynamics.
The near-to-medium-term outlook remains stable to moderately bullish, supported by steady steel production, constrained scrap flows, and infrastructure-related steel demand.
For up-to-date data, use tools like the Scrap Monster Price Index and the US Scrap Price Index, then review daily and weekly reports in the Scrap Monster portal to monitor trends, percentage moves, and grade-specific performance.
Combining index data with structured weekly commentary helps scrap yards, traders, and generators refine their buying and selling strategies.