By 
MONTREAL (Scrap Monster): This report provides a week-on-week analysis of price trends across key scrap metal categories in North America and other international markets, drawing on data from the Scrap Monster Price Index for October 16-22, 2026.
KEY TAKEAWAYS
- Key copper scrap categories recorded a modest decline during the week.
- Aluminum scrap exhibited a mixed pricing pattern, with the majority of the grades holding steady over the previous week.
- The brass scrap market registered a slight week-on-week decrease.
- Steel scrap prices mostly increased, marking a clear shift after several sessions of unchanged benchmarks.
- Stainless steel scrap prices advanced during the week, as the majority of grades registered moderate week-on-week gains
Copper scrap markets remained under pressure, with most major grades posting declines. The steepest percentage drop was seen in Xmas Lights, which fell by $0.01 per pound (↓2.50%). Meanwhile, prices for Cu/Al Radiators, Cu/Al Radiators/Fe, and Cu/Al Radiator Ends remained unchanged over the week.
Aluminum scrap prices showed a modest upward trend on the Scrap Monster Price Index, although most listed grades remained unchanged week over week. Gains were limited to Mixed Aluminum Turnings and E.C. Aluminum Wire, with Mixed Aluminum Turnings leading the segment after posting a ↑1.59% increase from the previous week.
Brass and bronze scrap prices posted modest declines on the Index, reversing the positive trend witnessed during the previous week.
The lead scrap market remained broadly steady during the week, with prices holding unchanged across all major regional markets.
Zinc scrap prices declined week-on-week across key regions. New Zinc Die Cast and Old Zinc Die Cast reported slight declines from the previous week's levels.
Meanwhile, steel scrap prices recorded the strongest upmove during the week, with all categories recording notable jumps of $10–$15 per metric ton.
Stainless steel scrap prices mostly edged higher on the Scrap Monster Price Index during the period under review, reflecting modest gains across the market. However, 201 SS and 301 SS prices remained unchanged over the week.
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
Copper Scrap — Exchange Volatility and Supply Constraints
Copper scrap prices are being influenced by fluctuations in COMEX and LME benchmarks, mine-supply disruptions and uncertainty surrounding international trade flows. Growing demand from power-grid expansion, electrification and data-centre infrastructure provides longer-term support, although short-term price corrections can restrain scrap buying.
Aluminum Scrap — Weak Industrial Demand and Feedstock Availability
Aluminum scrap markets are facing pressure from uneven automotive and extrusion demand, while shortages of imported scrap are creating sourcing challenges for secondary producers in some regions. The combination of subdued downstream orders and constrained feedstock availability is producing divergent regional price trends.
Brass and Bronze Scrap — Copper and Zinc Price Movements
Brass and bronze scrap prices remain closely tied to changes in copper and zinc benchmarks, alloy-manufacturing demand and the availability of suitable grades. Cautious purchasing by manufacturers and squeezed processing margins can limit trading activity, while stronger underlying metal prices may encourage scrap suppliers to hold material.
Lead Scrap — Battery Replacement Demand
Lead scrap demand is closely linked to automotive replacement batteries, industrial backup-power systems and secondary lead smelting activity. Stable battery replacement requirements can support collection and recycling, although changes in exchange prices, smelter purchasing and scrap availability influence regional price movements.
Zinc Scrap — Galvanizing Demand and Smelter Economics
Zinc scrap prices are influenced by demand from galvanized steel production, construction and manufacturing, alongside the availability and cost of primary zinc. Changes in smelter economics and raw-material supply conditions can affect buyers' appetite for secondary feedstock and create differences between regional scrap markets.
International Trade Policies — Export Restrictions and Tariffs
Proposed European Union restrictions on scrap exports to certain non-OECD destinations are creating uncertainty for established non-ferrous recycling supply chains, including shipments to Asian markets. Tariffs, import regulations and changing trade routes could redirect material flows, alter regional availability and increase competition among scrap buyers.
Market perspective: The non-ferrous scrap market is increasingly shaped by the interaction of metal-specific fundamentals, regional industrial demand, international trade policy and recycling economics. Copper's supply outlook, aluminum's feedstock availability and potential trade restrictions are particularly important variables to monitor in the coming months.
COPPER SCRAP PRICES
- COMEX Copper Futures closed at USD 6.4040 per pound as of October 22, 2026, lower by around 15¢ (↓2.33%) over the prior week.
- According to the London Metal Exchange, the LME Copper 3-month contract's closing price stood at $14,078.00 per tonne.
Market Highlights
North America Copper Scrap Prices: Copper scrap prices reported an overall weak trend. #1 Copper Bare Bright dropped by 15¢ (↓2.33%), while #1 Copper Wire and Tubing and #2 Copper Wire and Tubing also recorded dips, falling by 15¢ per pound on the Index.
Charts
The table below outlines the week-on-week price movements for #1 Copper Bare Bright, #1 Copper Wire and Tubing, and #2 Copper Wire and Tubing.
| Category | Price Change ($) | % Change |
| #1 Copper Bare Bright | 0.15 | -2.33% |
| #1 Copper Wire and Tubing | 0.15 | -2.36% |
| #2 Copper Wire and Tubing | 0.15 | -2.40% |
Access our Daily Scrap Metal Price Report Hub
Track real-time prices via our US Scrap Price Index
USA East Coast Copper Scrap Prices
On the Scrap Monster Price Index, #1 Copper Bare Bright dropped by $0.15 per pound as of Thursday, October 22, 2026, marking a weekly loss of ↓2.33%. #1 Copper Wire & Tubing also decreased by $0.15 per pound, down ↓2.36% from the previous week. Also, #2 Copper Wire and Tubing declined by $0.15 per pound, registering a ↓2.40% fall by week’s end.
USA Midwest Copper Scrap Prices
The price of #1 Copper Bare Bright on the Scrap Monster Price Index edged lower by $0.15 per pound as of Thursday, October 22, 2026, a weekly decline of ↓2.35%. #1 Copper Wire & Tubing reported a decline by $0.15 per pound, registering a dip by ↓2.39% from the prior week. By the end of the week, the price of #2 Copper Wire and Tubing had dropped by $0.15 (↓2.43%).
USA West Coast Copper Scrap Prices
#1 Copper Bare Bright’s prices on the Scrap Monster Price Index went down by $0.15 per pound as of Thursday, October 22, 2026, reflecting a weekly decline of ↓2.29%. #1 Copper Wire & Tubing inched lower by $0.15 per pound, down ↓2.33% from the prior week. #2 Copper Wire and Tubing prices were down by $0.15 (↓2.36%) by week’s end.
International Comparison
China Copper Scrap Prices
- All copper scrap grades, except Copper Transformer Scrap, recorded week-over-week price declines on the Index.
- #2 Copper Wire and Tubing and #1 Copper Wire and Tubing recorded the sharpest weekly declines, posting decreases of ↓1.16% and ↓1.15% respectively in price.
India Copper Scrap Prices
- All copper scrap categories recorded a week-over-week decline.
- Copper Sheet Cutting recorded the strongest price dip, falling by INR 43,000 per tonne (↓4.48%) from the previous week.
See all Copper daily reports → | Copper Price Index → | Related Copper news →
ALUMINUM SCRAP PRICES
- COMEX Aluminum Futures closed at USD 3,009.45 per metric ton as of October 22, 2026, slightly up by $24.45 (↑0.82%) versus the previous week's close of USD 2,985.00 per metric ton.
- LME Aluminum 3-month contract closed at $3,009.45 per tonne, per the London Metal Exchange.
Market Highlights
North America Aluminum Scrap Prices: Over the past week, E.C. Aluminum Wire saw a modest uptick in prices, climbing by ↑0.74% to finish higher on the Scrap Monster Price Index compared with the previous week. 6063 Extrusions closed the week, unchanged in prices upon comparison with the prior week. Old Cast experienced no variation in prices. Also, UBC prices held steady over the same period.
Charts
The table below provides weekly price fluctuations in E.C. Aluminum Wire, 6063 Extrusions, Old Cast and UBC.
Category | Price Change ($) | % Change |
0.01 | +0.74% | |
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 Aluminum Scrap Prices
The price of E.C. Aluminum Wire on the Scrap Monster Price Index recorded a jump of ↑0.74% as of Thursday, October 22, 2026. 6063 Extrusions recorded no change compared with the previous week. Old Cast prices held steady from the previous week's closing price, while UBC prices also were flat on a week-on-week basis.
USA Midwest Aluminum Scrap Prices
Aluminum scrap prices showed minor gains over the past week. E.C. Aluminum Wire rose by $0.01 per pound, while 6063 Extrusions remained flat. Old Cast showed flat trend week-on-week. Also, UBC prices witnessed no change during the same weekly period.
USA West Coast Aluminum Scrap Prices
The price of E.C. Aluminum Wire on the Scrap Monster Price Index recorded an increase of ↑0.74% as of Thursday, October 22, 2026. 6063 Extrusions were unchanged upon comparison with the prior week. By the end of the week, the price of Old Cast held steady. Also, UBC prices remained unchanged week-over-week.
International Comparison
China Aluminum Scrap Prices
- All aluminum scrap categories recorded a modest jump from the previous week's prices on the Scrap Monster Price Index. Old Cast and Old Sheet posted the biggest increases, rising by CNY 250 per MT (↑1.20%) each.
India Aluminum Scrap Prices
- All aluminum scrap categories held steady on the Scrap Monster Price Index.
See all Aluminum daily reports → | Aluminum Price Index → | Related Aluminum news →
BRASS/BRONZE SCRAP PRICES
Market Highlights
North America Brass/Bronze Scrap Prices: Over the previous week, there was a slight decline in brass/bronze scrap prices. Yellow Brass’s prices recorded a dip of $0.04 per Lb (↓1.11%) during the course of the week . Red Brass closed on a lower note, posting a decline of $0.04 per Lb during the week.
Charts
The table below provides weekly price fluctuations in Yellow Brass and Red Brass.
Category | Price Change ($) | % Change |
0.04 | -1.06% | |
0.04 | -1.11% |
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 dropped by $0.04 per Lb as of Thursday, October 22, 2026. Yellow Brass also posted a dip in prices, down by $0.04 per Lb on the Index.
USA Midwest Brass/Bronze Scrap Prices
By the end of the week ended October 22, 2026, Red Brass prices had dipped by $0.04 per Lb compared to the start of the week. Yellow Brass also recorded a week-on-week decline, edging lower by $0.04 per Lb (↓1.14%).
USA West Coast Brass/Bronze Scrap Prices
Defying the downward trend across other regions, Red Brass prices remained unchanged from the previous week. Yellow Brass prices also held steady week-on-week on the Scrap Monster Price Index at the close of the week.
International Comparison
China Brass/Bronze Scrap Prices
- All brass/bronze scrap categories recorded a slight decline.
- Red Brass and Yellow Brass prices each declined by CNY 250 per metric ton.
India Brass/Bronze Scrap Prices
- All brass/bronze scrap categories saw a dip in prices.
- Brass Cuttings recorded the largest weekly decline, falling INR 11,000 per tonne (↓2.54%).
See all Brass/Bronze daily reports → | Brass/Bronze Price Index → | Related Brass/Bronze news →
LEAD SCRAP PRICES
- COMEX Lead Futures recorded a slight increase of USD 21.45 per ton (↑1.14%) over the prior week to close at USD 1,904.43 per ton as of October 22, 2026.
- The closing price of the LME Lead 3-month contract was $1,897.50 per metric tonne, per London Metal Exchange data.
Market Highlights
North America Lead Scrap Prices: The lead scrap market remained flat throughout the week, reflecting balanced supply and demand conditions. Scrap auto battery prices likewise showed no movement, ending the week at levels unchanged from the previous week.
Chart
The table below provides weekly price fluctuations in Scrap Auto Batteries.
| Category | Price Change ($) | % Change |
| Scrap Auto Batteries | 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 held steady as of Thursday, October 22, 2026.
USA Midwest Lead Scrap Prices
Scrap auto battery prices remained stable during the week ending October 22, 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 as of Thursday, October 22, 2026.
International Comparison
China Lead Scrap Prices
- Auto Battery prices held steady when compared with the previous week.
- Soft Lead and #2 Lead scrap prices recorded slight increases of ↑0.37% and ↑0.38%, respectively.
India Lead Scrap Prices
- The prices of lead ingot scrap recorded a week-over-week jump of INR 1,000 per Ton (↑0.52%).
See all Lead daily reports → | Lead Price Index → | Related Lead news →
ZINC SCRAP PRICES
- COMEX Zinc Futures closed at USD 3,676.45 per metric ton as of October 22, 2026, recording a marginal decline of USD 0.20 per metric ton (↓0.01%).
- The LME Zinc 3-month contract's closing price on the London Metal Exchange: $3,671.00 per tonne.
Market Highlights
North America Zinc Scrap Prices: Zinc scrap prices were down over the past week, with all categories reporting 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 | -1.05% | |
0.01 | -1.14% |
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, October 22, 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 October 22, 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, October 22, 2026. Similarly, the Old Zinc Die Cast prices were down by $0.01 per Lb week-over-week.
International Comparison
China Zinc Scrap Prices
- Shred Zinc Scrap prices recorded no variation during the week ended October 22, 2026.
India Zinc Scrap Prices
- Tin Slab prices held steady week-over-week.
- Zinc slab prices witnessed an increase of ↑0.72% over the previous week.
See all Zinc daily reports → | Zinc Price Index → | Related Zinc news →
FERROUS SCRAP
Market Drivers
HMS Scrap — Turkish Import Demand and Tight Supply
Heavy melting steel (HMS) scrap prices are receiving support from low mill inventories and limited availability of alternative steelmaking raw materials in Türkiye. However, cautious procurement and pressure on rebar sales are restricting buying activity, creating a balance between firm supplier offers and mills' resistance to higher prices.
Shredded Scrap — Collection Volumes and Domestic Mill Demand
Shredded scrap prices depend on the availability of processed feedstock from end-of-life vehicles, appliances and other obsolete steel products, as well as demand from electric arc furnace (EAF) steelmakers. Tighter scrap availability can support prices, but subdued steel orders and mill maintenance may limit purchasing volumes and reduce the premiums paid for higher-quality material.
Busheling Scrap — Manufacturing Activity and Prime Scrap Supply
Busheling scrap demand is closely linked to automotive production, appliance manufacturing and other industrial activities that generate clean, low-residual steel offcuts. Changes in manufacturing output and factory scrap generation can shift the balance between supply and demand, while steelmakers' preference for cleaner feedstock can support premiums over lower-quality grades.
#1 Bundle Scrap — Automotive and Manufacturing Scrap Generation
#1 Bundle prices are influenced by the availability of clean, compressed steel offcuts from stamping plants and other manufacturing operations. Recent North American market reports have indicated firmer prices for prime grades, reflecting competition for available material and mill procurement requirements.
Cast Iron Scrap — Foundry Demand and Industrial Production
Cast iron scrap demand depends on purchasing activity from foundries and manufacturers of machinery, automotive components and industrial equipment. Weak manufacturing output can limit consumption and put pressure on prices, while reduced availability of suitable foundry-grade material can support premiums for consistent-quality scrap.
Seasonal Scrap Supply — Winter Collection and Mill Procurement
Ferrous scrap availability can tighten toward the end of the year as colder weather, shorter working periods and collection disruptions affect material flows in some regions. Lower yard inventories may strengthen competition among steelmakers, although scheduled mill maintenance and subdued construction demand could offset these supply-side gains.
Market perspective: Ferrous scrap markets are entering the final quarter of 2026 with mixed regional conditions. Tight inventories and stronger purchasing requirements are supporting selected grades in North America and international markets, while weak steel margins, cautious buying and subdued downstream demand remain important constraints.
STEEL SCRAP PRICES
Market Highlights
The closing prices of various LME 2-month steel contracts on the London Metal Exchange as of October 22, 2026 are provided below:
Steel Scrap CFR Turkey (Platts) — $391.50 per tonne
Steel Rebar FOB Turkey (Platts) — $585.00 per tonne
Steel Scrap CFR India (Platts) — $395.00 per tonne
North America Steel Scrap Prices: Steel recorded the most significant move of the session after several days of unchanged benchmarks. The broad ferrous increase stands out after an extended stretch of stable markets. #1 HMS prices were up by $15 per MT (↑4.35%). Shredded Auto Scrap and HMS 80/20 saw a jump of $15 per MT and $10 per MT, respectively, on the Index. Meanwhile, #1 Busheling prices inched up by ↑2.17%.
According to the American Iron and Steel Institute (AISI), U.S. raw steel production totaled 1.870 million net tons during the week ended October 17, 2026 — up ↑4.10% week-on-week and up ↑8.60% year-on-year. The capability utilization rate surged to hit 80.9% (versus 77.80% in the week ending October 10, 2026).
Region-wise production: Northeast — 131,000 NT; Great Lakes — 520,000 NT; Midwest — 313,000 NT; Southern — 842,000 NT; Western — 64,000 NT.
Charts
The table below provides weekly price variations in #1 HMS, Shredded Auto Scrap, HMS 80/20, and #1 Busheling.
| Category | Price Change ($) | % Change |
| #1 HMS | 15 | +4.35% |
| Shredded Auto Scrap | 15 | +3.66% |
| HMS 80/20 | 10 | +3.45% |
| #1 Busheling | 10 | +2.17% |
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 witnessed an upward trend during the week ended October 22, 2026. The biggest move was seen in #1 HMS and Structural Steel, whose prices inched up by ↑4.35% each. The rest of the scrap categories also were up on the Scrap Monster Price Index.
USA Midwest Steel Scrap Prices
The steel scrap market delivered a strong performance over the week, with prices recording increases across major grades. #1 HMS and Shredded Auto Scrap prices witnessed a jump of $15 per MT each, while HMS 80/20 and #1 Busheling prices increased by $10 per MT each on the Index.
USA West Coast Steel Scrap Prices
Steel scrap prices witnessed a notable increase across the Index during the week. #1 HMS and Structural Steel were the categories to record the biggest jumps, rising by $15 per MT each (↑4.35%).
International Comparison
China — Flat
China Steel Scrap Prices
- All steel scrap categories held steady.
- #1 HMS and Cast Iron Scrap prices remained flat versus the previous week.
See all Steel daily reports → | Steel Price Index → | Related Steel news →
STAINLESS STEEL SCRAP PRICES
Market Highlights
North America Stainless Steel Scrap Prices: Stainless steel scrap prices strengthened during the week ended October 22, 2026, with most major grades recording gains on the Scrap Monster Price Index. 304 SS Turning led the advances, posting the strongest week-on-week increase of ↑1.75%.
Chart
The table below provides weekly price fluctuations in 304 SS Solid scrap.
| Category | Price Change ($) | % Change |
| 304 SS Solid | 0.01 | +1.49% |
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 jump of ↑1.49% as of Thursday, October 22, 2026.
USA Midwest Stainless Steel Scrap Prices
304 SS Solid prices on the Scrap Monster Price Index increased by ↑1.49% during the week ended October 22, 2026. The grade advanced by $0.01 per pound from the previous week's closing level
USA West Coast Stainless Steel Scrap Prices
According to the Scrap Monster Price Index, the price of 304 SS Solid increased by ↑1.49% during the week ended October 22, 2026, recording a week-on-week jump of $0.01 per Lb.
International Comparison
China — ↑1.78%
China Stainless Steel Scrap Prices
- All listed stainless steel grades edged higher on the Index.
- The biggest jump in prices was seen in 310 SS (↑2.80%) and 316 SS Solid (↑2.45%).
See all Stainless Steel daily reports → | Stainless Steel Price Index → | Related Stainless Steel news →
Weekly Market Drivers
- Steel Mill Investments — U.S. Steel to invest more than $2 billion in new hot strip mill in Braddock
- Site Redevelopment — Former Alton Steel Mill Eyed for 200-MW Data Center
- Tariffs/Quotas — Canadian Steelmakers Shift Towards Domestic Demand as Tariffs Reshape Market
- Steel Supply — U.S. Steel Supply Tightens as Nickel Rebounds Above $16,000
- Earnings/Outlook — Steel Dynamics Q3 Profit Jumps as Steel Shipments Hit Record / Cleveland-Cliffs Q3 EBITDA Hits $612M as shipments rise / CMC Q4 Core EBITDA Jumps 35% on Strong Steel Margins
- Steel Output — China Steel Output Rises as Mill Profitability Falls to 7%
- Metal Recycling — DOT Hazmat Rules for Shipping Scrap Metal: 2026 Guide / BIR Malaga to Examine Waste Rules and Scrap Trade Risks
- Steel Price — Canada Steel Prices Rise 45% as Import Curbs Reshape Market
Global Comparison & Policy Impact — USA vs. China/India
- Copper: U.S. — ↓1.09%- ↓2.50%; China ↓1.14% | India ↓3.35%
- Aluminum: U.S. ↑0.19%; China ↑1.05% | India Flat
- Brass/Bronze: U.S. ↓1.09%; China ↓0.60% | India ↓2.33%
- Zinc: U.S. ↓1.10%; China Flat | India ↑0.36%
- Steel: ↑3.41%
- Stainless Steel: U.S. — ↑1.49%; China — ↑1.78%
Expert Quote
“The main drivers of this October were strong US mill demand and order books, an export market that had risen over the course of September but has now pulled back slightly, and the season.” — Stephen Miller, Steel Market Update
Market Outlook
HMS Scrap — Moderate Upside Potential
International HMS scrap prices could remain supported by procurement demand from Turkish steel mills and competition for export cargoes. However, weak rebar sales and limited mill liquidity may prevent buyers from accepting sustained price increases.
Shredded Scrap — Firm Prices Amid Supply Constraints
Shredded scrap may retain a relatively firm price outlook if collection volumes remain limited and EAF steelmakers maintain purchasing requirements. Any slowdown in steel production or increase in imported scrap availability could moderate gains and widen regional price differences.
Busheling Scrap — Quality Premiums Likely to Persist
Prime busheling scrap prices could receive support from competition for clean, low-residual feedstock and relatively tight inventories in some manufacturing regions. Nevertheless, weaker automotive production or reduced industrial activity could limit demand and constrain premiums over lower-quality grades.
#1 Bundle Scrap — Gradual Recovery Dependent on Mill Demand
Prices for #1 bundle scrap may strengthen gradually if steel mills increase procurement and manufacturing activity generates consistent demand for clean production scrap. A sustained recovery will depend on finished-steel order books and whether mills can pass higher input costs on to customers.
Cast Iron Scrap — Uneven Performance Expected
Cast iron scrap prices are likely to remain mixed, reflecting differences in foundry demand, machinery production and regional material availability. Weak industrial orders could keep purchasing subdued, while localized shortages of suitable grades may provide limited price support.
Regional Markets — Divergent Trends Likely to Continue
European scrap prices may remain relatively stable, with logistics constraints supporting selected grades but uneven steel demand limiting broad increases. In Asia, prices could find support from freight and raw-material costs, although weak downstream steel consumption and pressure on mill profitability remain significant downside risks.
Overall outlook: The near-term market is likely to remain firm but volatile, while the medium-term direction will depend primarily on steel mill procurement, finished-steel demand, scrap availability and transportation costs. A broad-based rally is less certain than selective gains in regions and grades experiencing tighter supply.
WATCHLIST FOR UPCOMING WEEK
U.S.
- Mon: Chicago Fed National Activity Index & Dallas Fed Manufacturing Index.
- Tue: Durable Goods Orders (Sep), CB Consumer Confidence (Oct).
- Wed: Federal Reserve Interest Rate Decision & Press Conference.
- Thu: Q3 GDP Growth (Advance Estimate), Core PCE Price Index.
- Fri: Employment Cost Index (Q3) & Chicago PMI (Oct).
Europe (EU & UK)
- Tue: ECB Bank Lending Survey, Eurozone Money Supply & France Consumer Confidence.
- Thu: ECB Monetary Policy & Interest Rate Decision, Eurozone Consumer Confidence (Final).
- Fri: Eurozone & Germany Q3 GDP (Advance), Germany Consumer Price Index (CPI - Oct Preliminary), Eurozone Unemployment Rate.
Asia & Oceania
- Wed: Australia Consumer Price Index (CPI - Q3).
- Thu: Japan Consumer Confidence, Japan Retail Sales, Unemployment Rate, & Industrial Production (Sep).
- Fri: Bank of Japan (BoJ) Interest Rate Decision & Policy Statement.
- Sat: China NBS Manufacturing & Non-Manufacturing PMI (Oct).
Daily Reports | Scrap Monster Price Index | US Scrap Metal Prices
Related Resources: Copper Scrap Prices | Aluminum Scrap Prices | Steel Scrap Prices | Brass Scrap Prices | Scrap Yard Directory | Company Directory | Daily Market Report
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