Page 84 from: Recycling International May/June issue
Ferrous Scrap Prices Reference date: April 4, 2025
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 Türkiye (US$/t)
HMS 80/20 heavy steel scrap
– Fob East Coast price
– Fob West Coast price
A M J J A S O N D J F M A
346 327 315 310 311 310 319 323 319 329 357 381 389
346
327
315
310 311 310 319
323
319
329
357
381 389
200
250
300
350
400
450
500
A M J J A S O N D J F M A
A M J J A S O N D J F M A
356 352 355 354 336 338 342 319 315 313 331 350 355
347 348 349 350 342 316 320 321 320 310 319 324 329
356 352 355 354
336 338 342
319 315 313
331
350 355
347 348 349 350 342
316 320
321 320 310
319 324
329
300
350
400
450
500
550
600
650
A M J J A S O N D J F M A
A M J J A S O N D J F M A
375 371 374 379 362 359 366 355 335 333 348 367 372
375 371
374
379
362
359
366
355
335 333
348 367 372
180
230
280
330
380
430
A M J J A S O N D J F M A
M A M J J A S O N D J F M
344 347 345 350 345,2 342,7 315,8 310,7 303,7 303,1 301,2 306 326
344 347 345
350
345,2 342,7
315,8
310,7
303,7 303,1 301,2
306
326
250
300
350
400
450
500
550
M A M J J A S O N D J F M
per share in cash. The value of the
transaction, including net debt, is put
at US$ 1.34 billion. By early April,
shares were at a 12-month high of
over US$ 29.
Radius says it will continue to operate
from its current headquarters in
Portland, Oregon with its teams, oper-
ating facilities, strategy, and brands
retained. Until July 2023, Radius was
Schnitzer Steel Industries, having been
founded in Portland in 1906.
The company recycles ferrous and
non-ferrous metals with 54 operating
facilities across 25 US states, Puerto
Rico, and Western Canada.
operation underlines its ‘commitment
to sustainable steel production’.
JAPAN’S EAFS
Analysis suggests Japan can generate
enough recycled steel from domestic
sources to convert to producing steel
in EAFs. A report from the Transition
Asia thinktank said the quickest strate-
gy to decarbonising the Japanese
steel industry is to transition to EAF
production using scrap. Report author
Akira Kanno acknowledges the need
for improved recycling but says
domestic availability may not be as
significant a barrier to the transition as
is often suggested. Japan, with the
MARKET ANALYSIS
84
HYUNDAI IN THE US
Meanwhile, Hyundai Steel has said the
new EAF it is planning for Louisiana in
the United States will cost US$ 5.8 bil-
lion (EUR 5.4 billion) and have an
annual capacity of 2.7 million tonnes
(Mt). The plan was unveiled at an
event in the White House at the
end of March and coincides with
President Donald Trump’s policy drive
to encourage foreign companies to
manufacture more of their products in
the US.
According to the South Korean com-
pany’s statement, the facility will also
include a direct-reduced iron produc-
tion component. Even so, it says the
highest steel stock per capita and a
net scrap steel exporter, does not
have a shortage of scrap. However,
Kanno notes the key obstacle for
decarbonising Japan’s EAF fleet
remains access to cost competitive
and predictable zero-carbon, renew-
able electricity. The Japan Iron and
Steel Federation has set a target of
increasing domestic scrap circulation
by around 6.9 million tonnes by 2030.
LOWER RATES
A brighter note for the sector has
been a decline in shipping rates.
Xeneta reports that average spot rates
from Far East to North Europe were
around US$ 2 545 per FEU (40ft equiv-
alent container), the lowest level since
the end of 2023. Rates from the Far
East to the Mediterranean spot rates
have not declined as far but have
halved from a peak in July. Xeneta
says carriers sought to push up rates
82-83-84-85_maferrous.indd 84 10-04-2025 14:42
