Ferrous Scrap Prices Reference date: September 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$/t)
HMS 1/2 80/20 heavy steel scrap
– Fob East Coast price
– Fob West Coast price
S O N D J F M A M J J A S
310 319 323 319 329 357 381 370 333 318 318 319 320
310
319
323
319 329
357
381
370
333
318 318 319 320
200
250
300
350
400
450
500
S O N D J F M A M J J A S
S O N D J F M A M J J A S
338 342 319 315 313 331 350 323 312 307 310 310 304
316 320 321 320 310 319 324 310 301 309 294 306 308
338 342
319 315 313
331
350
323
312 307 310 310 304
316 320 321 320 310 319
324
310
301
309
294
306 308
200
250
300
350
400
450
500
550
600
S O N D J F M A M J J A S
S O N D J F M A M J J A S
359 366 355 335 333 348 367 341 334 329 320 317 309
359
366
355 335
333
348
367
341
334 329
320
317
309
180
230
280
330
380
S O N D J F M A M J J A S
A S O N D J F M A M J J A
342,7 315,8 310,7 303,7 303,1 301,2 306 326 326 292 292 280 284
342,7
315,8 310,7 303,7
303,1 301,2
306
326 326
292 292
280
284
250
300
350
400
450
500
550
A S O N D J F M A M J J A
be sold to Pavgord Group, and all
employees’ jobs are to be transferred
to the new owner. Net of sale pro-
ceeds, the company expects to record
a non-cash loss on disposal of approxi-
mately US$ 200m. The deal is expect-
ed to close in the third quarter of
2025, subject to merger control clear-
ance and the fulfilment of all condi-
tions.
STEEL STATS
World crude steel production for the 70
countries reporting to the World Steel
Association (worldsteel) was 150.1 mil-
lion tonnes (Mt) in July 2025, a 1.3%
decrease compared to July 2024.
MARKET ANALYSIS
80
China produced 79.9 Mt in May 2025,
down 4.0% on July 2024 while India’s
total was 14.0 Mt, up 14.0%. Of the
other leading 10 producers, Japan
delivered 6.9 Mt, down 2.5%; the
United States 7.1 Mt (+4.8%); Russia is
estimated at 5.7 Mt (-2.4%); South
Korea 5.3 Mt (-4.7%); Türkiye 3.2 Mt
(+4.2%); Germany 2.7 Mt (-13.7%);
Brazil is estimated at 2.9 Mt (-5.5%);
and Iran 2.2 Mt (+29.7%).
The overall June total was 151.4 Mt, a
5.8% decrease compared to June
2024. The overall May total was 158.8
Mt, a 3.8% decrease compared to May
2024.
CONTRIBUTOR:
Rituparna Nath – Manager, Price
Reporting, Steelmaking Raw
Materials
S&P Global Commodity Insights
Email: [email protected]
78-79-80_maferrous.indd 80 09-09-2025 13:59
