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Ferrous Scrap Prices Reference date: November 5, 2020
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
– Highest price
– Lowest price
– Fob East Coast price
– Fob West Coast price
O N D J F M A M J J A S O
195 215 250 280 250 246 222 199 225 219 223 231 230
195
215
250
280
250 246
222
199
225
219
223
231 230
150
200
250
300
350
O N D J F M A M J J A S O
O N D J F M A M J J A S O
217 198 223 270 250 225 229 233 246 244 264 278 266
225 188 198 250 230 223,6 211 235 223 231 269 282 271
217
198
223
270
250
225
229 233
246
244 264
278
266
225
188
198
250
230 223,6
211
235
223
231
269
282
271
150
200
250
300
350
400
O N D J F M A M J J A S O
O N D J F M A M J J A S O
223,5 260 280 270 251 206 190 224 236 236 263 266 256
240 262 303 300 279 276 239 240 252 261 271 277 267
223,5
260
280
270
251
206
190
224
236
236
263 266
256240
262
303
300
279 276
239 240
252
261
271
277
267
180
230
280
330
O N D J F M A M J J A S O
O N D J F M A M J J A S O
172,1 201,7 219,6 233,3 214,2 216,5 199,5 209,1 203,3 195,1 204,3 214,4 216,3
172,1
201,7
219,6
233,3
214,2 216,5
199,5
209,1
203,3
195,1
204,3
214,4
216,3
150
200
250
300
350
O N D J F M A M J J A S O
crisis, most businesses were able to
continue operations and more or less
survived. Short-time working was intro-
duced by 56% of the steel scrap firms.
Jobs were lost in 15% of the compa-
nies, says BDSV.
WORLDSTEEL ROUNDUP
The latest statistics from the World
Steel Association (worldsteel) show that
crude steel production in its 64 report-
ing countries rose 2.9% year-on-year in
September to 156.4 million tonnes. Of
that total, China produced 92.6 Million
tonnes of crude steel in September, up
10.9% year-on-year. For the first nine
months of 2020, China produced 781.6
million tonnes of steel, up 4.5% year-on-
year. In comparison, steel output year
to date is down in the EU (-17.9%),
North America (-18.2%), Japan (-19.1%),
and India (-16.5%).
The first half of 2020 brought a 10.7%
decline in the EU-28’s overseas ship-
ments to 9.776 million tonnes but it
nevertheless remained the world’s
leading steel scrap exporter during the
period under review, worldsteel report-
ed. There was a sharp fall in the
EU-28’s outbound shipments to India
(-50.5% to 563 000 tonnes) while those
to Norway werer also down (-9.2% to
168 000 tonnes). Conversely in the first
six months of 2020, there were
increased deliveries to Turkey (+2.6%
to 6.137 million tonnes); Egypt
(+14.1% to 969 000 tonnes); Pakistan
(+3.5% to 733 000 tonnes); and
Switzerland (+11.5% to 243 000
tonnes). Shipments to the USA were
unchanged on 311 000 tonnes.
The largest EU-28 steel scrap exporter
(according to extra-trade figures) was
the UK with a half-yearly shipment total
of 2.501 million tonnes (-25.2% when
market analysis
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