Ferrous Scrap Prices Reference date: July 1, 2021
USA Domestic Scrap Prices* (US$/GRT)
HMS 1 heavy steel scrap (1/4 Inch) composite price delivered at mills
Source: Davis Index
Source: Davis Index
USA Export Prices* (US$/GRT)
HMS 1, heavy steel scrap (1/4 Inch)
Composite Sales Price
ex Yard in Germany** (€/t)
E3/European Standard Quality No. 3, heavy old steel scrap (>6mm)
CFR Prices for shipments
from EU to Turkey (US$/t)
HMS 80/20 heavy steel scrap
– Fob East Coast price
– Fob West Coast price
J J A S O N D J F M A M J
225 219 223 231 230 259 306 389 380 390 396 405 449
225 219 223
231
230
259
306
389
380
390
396
405
449
150
200
250
300
350
400
450
J J A S O N D J F M A M J
J J A S O N D J F M A M J
246 244 264 278 266 298 403 441 391 417 402 469 471
223 231 269 282 271 298 399 446 394 429 412 459 461
246 244
264
278 266
298
403
441
391
417
402
469 471
223 231
269
282
271
298
399
446
394
429
412
459 461
150
200
250
300
350
400
450
500
J J A S O N D J F M A M J
J J A S O N D J F M A M J
252 261 271 277 267 315 419 458 413 447 424 489 491
252
261
271 277 267
315
419
458
413
447
424
489
491
180
230
280
330
380
430
480
530
J J A S O N D J F M A M J
J J A S O N D J F M A M J
203,3 195,1 204,3 214,4 216,3 221,5 253,3 338,5 305,3 336,5 332,8 363,7 416
203,3
195,1
204,3
214,4 216,3
221,5
253,3
338,5
305,3
336,5
332,8
363,7
416
150
200
250
300
350
400
450
J J A S O N D J F M A M J
added a note of caution: ‘The outlook
for ferrous looks very bullish in the
near to medium term. Given the cur-
rent worldwide economic scenario, a
major concern for everyone will be
how economies manage long-term
inflation.
Analysts Market Research Future
(MRF) concluded the pandemic had
had a mostly positive impact on the
metal recycling market revenues. ‘On
one side, recyclers faced various prob-
lems, ranging from attracting workers
during the lockdown to collect, segre-
gate and recycle metal scrap to deliv-
er recycled products. On the other
hand, the pandemic helped the metal
recycling industry survive in supply
and demand changes.’ MRF says recy-
cled ferrous metals comprise only 40%
of total production and they argue
that inefficient machinery and recy-
cling processes are curbing market
growth.
STEEL PRODUCTION
World crude steel production in May
was 174.4 million tonnes (Mt), a 16.5%
increase compared to May 2020. This
is a less dramatic annual increase than
the 23.3% growth reported in April
when total output was 169.5 Mt.
Data from the 64 countries reporting
to the World Steel Association (world-
market analysis
76
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