⚙️ Ferrous Metals

Steel Scrap Price Today

General steel scrap suitable for remelting in electric arc furnaces.

Last updated: June 1, 2026

441.55
USD/MT
-0.48%
24h change
+2.32%
7-day change
+4.44%
30-day change
30-Day Price Trend
About Steel Scrap

Steel scrap is the world's most recycled material by volume. It feeds electric arc furnaces globally and is a key commodity in international shipping, with the Turkish import price serving as the leading benchmark.

Compare Steel Scrap prices by country: 🇦🇺 Australia, 🇺🇸 United States, 🇬🇧 United Kingdom, 🇩🇪 Germany, 🇫🇷 France, 🇮🇹 Italy.

Common Grades & Types
Shredded Scrap (ISRI 211)
Processed through a shredder, uniform density, clean surface. Premium grade for EAF.
HMS 1&2
Unshredded heavy sections; the most internationally traded ferrous grade.
Busheling (ISRI 200-01)
New steel production scrap, factory offcuts. Clean and consistent.
Plate & Structural (P&S, ISRI 242)
Thick steel plate, angles, beams, channels. Clean, heavy sections.
Key Applications
  • Electric arc furnace (EAF) steelmaking
  • Blast furnace charge supplement
  • Billet, bloom, and slab production
  • Rebar and wire rod mills
What Drives Steel Scrap Prices
  • 1CFR Turkey scrap prices
  • 2US domestic midwest scrap prices
  • 3Energy prices (electricity for EAF)
  • 4Iron ore and pig iron prices
  • 5Global crude steel production
Frequently Asked Questions

Historical Prices
Last 30 days — USD/MT
DatePriceDaily Change
Jun 1, 2026441.55-0.48%
May 31, 2026443.67+0.43%
May 30, 2026441.78+0.58%
May 27, 2026439.24+0.72%
May 26, 2026436.11+0.92%
May 25, 2026432.12-0.63%
May 24, 2026434.87+0.77%
May 22, 2026431.55-0.93%
May 20, 2026435.59-0.19%
May 19, 2026436.43+0.75%
May 18, 2026433.19+0.41%
May 17, 2026431.40+0.25%
May 16, 2026430.34-1.02%
May 15, 2026434.77
May 14, 2026434.71-1.22%
May 13, 2026440.06-0.54%
May 12, 2026442.44+1.45%
May 10, 2026436.13-0.88%
May 9, 2026439.98+0.93%
May 8, 2026435.92+0.93%
May 7, 2026431.89+1.17%
May 6, 2026426.88+0.44%
May 5, 2026425.03+0.27%
May 4, 2026423.89+1.11%
May 3, 2026419.25-0.83%
May 2, 2026422.76