Ferrous Scrap Prices Reference date: January 31, 2022
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 F M A M J J A S O N D J
389 380 390 396 405 449 460 443 423 418 450 460 425
389 380
390 396
405
449
460
443
423
418
450
460
425
200
250
300
350
400
450
500
J F M A M J J A S O N D J
J F M A M J J A S O N D J
441 391 417 402 469 471 452 412 401 434 449 422 426
446 394 429 412 459 461 453 441 432 473 470 473 441
441
391 417
402
469 471 452
412 401
434
449
422 426
446
394
429
412
459
461
453
441 432
473
470 473
441
150
200
250
300
350
400
450
500
J F M A M J J A S O N D J
J F M A M J J A S O N D J
458 413 447 424 489 491 478 446 432 470 488 460 459
458
413
447
424
489
491
478
446
432
470
488
460 459
180
230
280
330
380
430
480
530
J F M A M J J A S O N D J
J F M A M J J A S O N D J
338,5 305,3 336,5 332,8 363,7 416 424,4 406,6 368,4 358,6 396,2 398,3 394,6
338,5
305,3
336,5
332,8
363,7
416
424,4
406,6
368,4
358,6
396,2 398,3
394,6
150
200
250
300
350
400
450
J F M A M J J A S O N D J
‘DIRTY’ IMPORTS
The European Steel Association
(Eurofer) is warning that efforts to
decarbonise the industry are threatened
by prohibitive energy prices coupled
with ‘skyrocketing’ carbon prices. It says
energy-intensive companies already
exposed to price spikes have been
forced to reduce production or tempo-
rarily close plants.
‘Key European industries such as steel
cannot bear all the energy and climate
costs that we experience today and are
likely to face also in the coming years if
policymakers do not take the right deci-
on 2020. As ever, the numbers are dom-
inated by China whose total production
of 1 032.8 million tonnes was 3% down
on 2020. The next three largest produc-
ers all reported significant annual
increases: India (17.8%); Japan (15.8%)
and the US (18.3%).
The monthly total for December 2021
was 158.7 million tonnes, a 3.0%
decrease compared to the same month
a year earlier. Breaking down the num-
bers for individual countries, China pro-
duced 86.2 million tonnes in December
2021, down 6.8% on December 2020.
India produced 10.4 million tonnes (+
MARKET ANALYSIS
48
sions now,’ says Eurofer director general
Axel Eggert.
The association argues that a typical EU
steel company retrofitting its plant with
clean technology in 2030 will face car-
bon costs of EUR 400 million while a
similar non-EU company exporting its
own steel to the EU market will bear
costs of only EUR 30 million.
STEEL DATA
Total world crude steel production as
reported by the World Steel Association
(worldsteel) during 2021 was 1 950.5
million tonnes in 2021, a 3.7% increase
46-47-48-49_maferrous.indd 48 01-02-2022 10:30
