Get an instant offer on your damaged car
Our pickup partner will do a quick inspection, and hand you a check.
Weekly Metal Price Report | 2026-05-29 07:37:23
Aluminum scrap prices registered a modest week-on-week uptick on the Scrap Monster Price Index, with most listed grades moving higher.
MONTREAL (Scrap Monster): This report examines week-on-week pricing movements across key North American scrap metal segments, based on figures published in the Scrap Monster Price Index for the period May 22–28, 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. Sealed Units and Starters posted the sharpest weekly gains, with both categories rising by $0.01 per pound, marking a ↑2.08% increase on the Index compared with the prior week.
Aluminum scrap prices registered a modest week-on-week uptick on the Scrap Monster Price Index, with most listed grades moving higher. All scrap varieties, except Al/Cu Radiators and Al/Cu Radiators/Fe, recorded price increases on the Index.
Brass and bronze scrap prices recorded modest increases on the Index, extending the upward trend witnessed during the prior week. In the meantime, lead scrap markets remained stable, with no price variations reported across key regional markets.
Zinc scrap prices remained flat compared with the previous week. Meanwhile, global steel scrap benchmark prices remained unchanged, highlighting balanced market fundamentals between supply and demand.
Similarly, stainless steel scrap prices registered no movement on the Index during the week 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
Tight Scrap Availability
Collection volumes for copper and aluminum scrap remain constrained in several regions due to slower industrial dismantling activity and cautious selling by yards. Limited feedstock availability is supporting higher benchmark prices across major non-ferrous grades.
Strong Electrification-Driven Copper Demand
Expanding investments in EVs, renewable energy infrastructure, grid modernization and AI-related data centers continue to lift copper consumption globally. This structural demand trend is expected to keep copper scrap markets firm over the medium term.
Elevated Aluminum Demand from Automotive and Construction Sectors
Recycled aluminum consumption remains robust due to growing use in lightweight vehicles, packaging and infrastructure applications. Secondary smelters continue to compete aggressively for scrap feedstock.
Volatility in LME and COMEX Metal Prices
Sharp fluctuations in exchange-traded copper, aluminum and zinc prices continue to influence scrap purchasing behavior, inventory strategies and export activity. Traders and recyclers remain cautious amid rapidly changing futures markets.
Rising Energy and Processing Costs
High electricity, transportation and refining costs are increasing operational expenses for recyclers and secondary smelters. These cost pressures are feeding into higher processed scrap prices, particularly in energy-intensive aluminum recycling.
Global Economic and Manufacturing Activity
Industrial output trends in China, India, Southeast Asia and North America remain critical for non-ferrous scrap demand. Manufacturing recovery, infrastructure spending and export-oriented production are currently providing underlying support to scrap consumption.
To sum up, Copper and aluminum scrap markets are expected to remain relatively strong in the near to medium term, supported by steady industrial demand, electrification trends and tight scrap supply conditions. Meanwhile, zinc, nickel and lead scrap segments are likely to see stable to moderately positive performance amid balanced market fundamentals and gradual manufacturing recovery across key global economies.
Market Highlights
North America Copper Scrap Prices: Copper scrap prices recorded modest gains over the past week, extending the upward momentum seen in the previous week. #1 Copper Bare Bright prices increased by ↑0.32%, while #1 Copper Wire and Tubing also climbed ↑0.32%. In addition, #2 Copper Wire and Tubing prices moved higher, registering a ↑0.33% gain on the Index.
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 | 0.02 | +0.32% |
| #1 Copper Wire and Tubing | 0.02 | +0.32% |
| #2 Copper Wire and Tubing | 0.02 | +0.33% |
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 $0.02 per pound as of Thursday, May 28, 2026, marking a ↑0.32% increase from the previous week. #1 Copper Wire & Tubing also advanced by $0.02 per pound, registering a ↑0.32% weekly gain, while #2 Copper Wire and Tubing climbed by an identical amount, posting a ↑0.33% week-on-week increase by the end of the reporting period.
As of Thursday, May 28, 2026, #1 Copper Bare Bright prices on the Scrap Monster Price Index moved higher by $0.02 per pound, recording a ↑0.33% weekly gain. #1 Copper Wire & Tubing prices also increased by $0.02 per pound, reflecting a ↑0.33% rise compared with the previous week. In addition, #2 Copper Wire and Tubing maintained its upward trend, posting a ↑0.34% week-on-week increase by the end of the week.
#1 Copper Bare Bright prices on the Scrap Monster Price Index increased by $0.02 per pound as of Thursday, May 28, 2026, recording a weekly gain of ↑0.31%. #1 Copper Wire & Tubing also edged higher by $0.02 per pound, reflecting a ↑0.32% increase from the previous week. Meanwhile, #2 Copper Wire and Tubing prices advanced by ↑0.32% by the close of the week.
North America Aluminum Scrap Prices: Over the past week, E.C. Aluminum Wire saw a modest uptick in prices, climbing by $0.04 per Lb (↑2.41%) to finish higher on the Scrap Monster Price Index compared with the previous week. 6063 Extrusions also closed the week in positive territory, rising $0.02 per Lb week-on-week, while Old Cast experienced a gain of $0.02 per Lb (↑1.98%). UBC prices followed the upward trend, recording a $0.02 per Lb increase over the same period.
Charts




The table below provides weekly price fluctuations in E.C. Aluminum Wire, 6063 Extrusions, Old Cast and UBC.
Category | Price Change ($) | % Change |
0.04 | +2.41% | |
0.02 | +1.72% | |
0.02 | +1.98% | |
0.02 | +1.96% |
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 jump of $0.04 per Lb (↑2.41%) as of Thursday, May 28, 2026. 6063 Extrusions edged higher by $0.02 per Lb compared with the previous week. Old Cast prices increased from the previous week's closing price, rising by $0.02 per Lb (↑1.98%) during the week, while UBC prices also increased by $0.02 per Lb on a week-on-week basis.
Aluminum scrap prices moved higher over the past week, with several key grades posting notable gains. E.C. Aluminum Wire recorded the sharpest increase, rising by $0.04 per pound (↑2.41%), while 6063 Extrusions advanced by $0.02 per pound (↑1.72%). Old Cast prices also climbed by $0.02 per pound on a week-on-week basis, and UBC prices registered a similar increase during the same period.
The price of E.C. Aluminum Wire on the Scrap Monster Price Index climbed by $0.04 per pound (↑2.41%) as of Thursday, May 28, 2026. 6063 Extrusions also moved higher, gaining $0.02 per pound compared with the previous week. By the close of the week, Old Cast prices advanced by $0.02 per pound (↑1.96%), while UBC prices likewise recorded a week-on-week increase of $0.02 per pound.
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 ↑0.58% during the course of the week. Red Brass closed on a higher note, rising by ↑0.55% during the week.
Charts


The table below provides weekly price fluctuations in Yellow Brass and Red Brass.
Category | Price Change ($) | % Change |
0.02 | +0.55% | |
0.02 | +0.58% |
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 ↑0.55% as of Thursday, May 28, 2026. Yellow Brass also posted gains, increasing by ↑0.58% on the Index.
By the end of the week ended May 28, 2026, Red Brass prices had risen by ↑0.56% compared to the start of the week. Yellow Brass also recorded a week-on-week increase, edging up by ↑0.59%.
Red Brass prices rose by $0.02 per pound, marking a ↑0.54% increase from the previous week. Meanwhile, Yellow Brass prices also moved higher, gaining ↑0.56% 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, May 28, 2026.
By the close of the week ending May 28, 2026, scrap auto battery prices held steady, remaining unchanged from the previous week.
The prices of Scrap Auto Batteries recorded no change on the Scrap Monster Price Index as of Thursday, May 28, 2026.
Market Highlights
North America Zinc Scrap Prices: Zinc scrap prices were flat over the past week, with all categories maintaining the previous week's prices. New Zinc Die Cast prices held steady. Also, Old Zinc Die Cast prices posted no variation 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 | Nil | |
0 | Nil |
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 no variation as of Thursday, May 28, 2026. Also, Old Zinc Die Cast prices were flat over the previous week.
By the conclusion of the week ended May 28, 2026, the prices of New Zinc Die Cast and Old Zinc Die Cast recorded no change from the previous week’s price levels.
The prices of New Zinc Die Cast witnessed no week-over-week variation on the Scrap Monster Price Index as of Thursday, May 28, 2026. Similarly, the Old Zinc Die Cast prices were unchanged week-over-week.
Market Drivers
Global Steel Production Trends
Ferrous scrap demand is closely tied to steel production levels, particularly electric arc furnace (EAF) steelmaking, which relies heavily on recycled scrap feedstock. Any increase in construction, automotive or infrastructure-related steel output directly supports scrap consumption and pricing.
Infrastructure and Construction Activity
Government-led infrastructure spending and commercial construction projects continue to influence rebar, structural steel and flat steel demand. Strong construction activity generally boosts consumption of HMS, shredded scrap and busheling grades.
Steel Mill Capacity Utilization
Higher operating rates at steel mills increase raw material procurement needs, including obsolete and prime scrap grades. Production curtailments or maintenance shutdowns, however, can quickly soften demand and pressure prices.
Export Demand and Trade Flows
International buying activity from countries such as Turkey, India, Bangladesh and Vietnam remains a major factor shaping global ferrous scrap prices. Export demand fluctuations often determine domestic scrap market direction in North America and Europe.
Availability of Obsolete and Industrial Scrap
Scrap generation levels from demolition activity, manufacturing operations and industrial production remain critical to supply conditions. Tight inflows at scrapyards often lead to upward price pressure, especially for high-quality grades.
Environmental Policies and Decarbonization Goals
Steelmakers are increasingly shifting toward scrap-intensive EAF production to reduce carbon emissions and comply with sustainability regulations. This transition is expected to support long-term ferrous scrap demand globally.
The ferrous scrap market is expected to be driven primarily by steel production activity, infrastructure spending, export demand and tightening decarbonization policies favoring recycled steel usage. While energy costs and economic uncertainty may create periodic volatility, steady global demand for low-carbon steel production is likely to support the market over the near to medium term.
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) - $401.50 per tonne
Steel Rebar FOB Turkey (Platts) - $590.50 per tonne
Steel Scrap CFR India (Platts) - $390.00 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 1.870 million NT during the week ended May 23, 2026. This is ↓1.50% week-on-week and ↑8.70% year-on-year.
The capability utilization rate stood at 81% (compared to 82.2% in the week ending May 16, 2026).
Region-wise production - Northeast-139,000 NT, Great Lakes-510,000 NT, Midwest-319,000 NT, Southern-834,000 NT, Western-68,000 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
Steel scrap prices on the Scrap Monster Price Index remained stable week on week as of Thursday, May 28, 2026, indicating balanced supply-demand fundamentals across the market. #1 HMS prices were unchanged from the prior week, while Shredded Auto Scrap and HMS 80/20 also showed no movement. In addition, #1 Busheling continued to trade flat, highlighting steady conditions across major benchmark ferrous scrap grades.
As of Thursday, May 28, 2026, #1 HMS prices on the Scrap Monster Price Index remained flat compared with the previous week. Likewise, Shredded Auto Scrap and HMS 80/20 posted no price changes during the period, while #1 Busheling continued to trade at levels unchanged from the prior week.
China Flat
Market Highlights
North America Stainless Steel Scrap Prices: Over the previous week, stainless steel scrap prices reported no variation on the Scrap Monster Price Index. 304 SS Solid scrap prices held steady on a week-on-week basis.
Chart

The table below provides weekly price fluctuations in 304 SS Solid scrap.
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 304 SS Solid on the Scrap Monster Price Index recorded no change as of Thursday, May 28, 2026.
304 SS Solid prices witnessed no fluctuation on the Scrap Monster Price Index. The price of the commodity held steady during the week.
The price of 304 SS Solid on the Scrap Monster Price Index recorded no movement. The prices were flat during the week ended Thursday, May 28, 2026.
China ↓0.41%
See all Stainless steel daily reports → | Stainless Steel Price Index → | Related Stainless steel news →
Weekly Market Drivers
“The scrap market in May is usually bearish as mills often enjoy a surge of supply as spring brings out more scrap. This year, the market has seen an increase in demand domestically and offshore. It may be keeping sentiment at these relatively high levels.” — Stephen Miller, commenting on ferrous scrap sentiment trends in May 2026.
Market Outlook
Steady Domestic Steel Mill Demand
Demand from electric arc furnace (EAF) steelmakers is expected to remain supportive in the near term as mills continue operating at healthy utilization rates. Infrastructure activity, automotive recovery and manufacturing demand are helping maintain stable scrap consumption levels.
Tight Prime Scrap Availability
Industrial production scrap generation remains below historical averages in several regions, especially for prime grades such as busheling and bundles. Manufacturing efficiency improvements and cautious industrial output are likely to keep premium scrap grades relatively tight over the medium term.
Seasonal Improvement in Scrap Flows
Warmer weather conditions in North America and Europe are improving collection activity and logistics efficiency. Increased obsolete scrap inflows may temporarily ease supply tightness, although overall availability is still not considered abundant.
WATCHLIST FOR UPCOMING WEEK
U.S
Europe (EU & UK)
Asia & Oceania
Daily Reports | Scrap Monster Price Index | US Scrap Metal Prices
Register now for free daily alerts → Sign Up
Related Resources
Copper Scrap Prices | Aluminum Scrap Prices | Steel Scrap Prices | Brass Scrap Prices | Scrap Yard Directory | Company Directory | Daily Market Report
Full pricing details, yard finder, market analysis, and live price charts available at ScrapMonster.com. Trusted by 100,000+ recycling professionals. Sign up for daily alerts—your competitive edge starts here.
Copper and aluminum scrap categories posted the strongest gains, with Sealed Units and Starters rising ↑2.08%, while E.C. Aluminum Wire climbed ↑2.41%.
Ferrous scrap prices remained flat across major benchmark grades such as #1 HMS, HMS 80/20, Shredded Auto Scrap and #1 Busheling, indicating balanced market fundamentals.
Strong recycled aluminum demand from the automotive, packaging and construction sectors, combined with rising processing costs and tight feedstock supply, supported aluminum scrap prices.
The near-to-medium-term outlook remains cautiously positive, supported by infrastructure activity, industrial recovery, electrification trends and growing demand for low-carbon recycled materials.
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.