Steel Scrap (Europe) Prices

October 23, 2025

Why are Steel Scrap (Europe) Prices so high?

23-10-2025 - Steel Scrap prices rose 2.8% from $338.5/t on 22nd Sep to $348.0/t on 22nd Oct. The high was $350.5/t on 7th Oct, with a low of $338.0/t on 23rd Sep.

Our one month forecast for Steel Scrap is $342.84/t, a decrease of $5.16/t or -1.5% from the latest price. Our analysis suggests a balanced market risk around this forecast.

Our current forecast indicates a downward price impact of -$1.99 per tonne due to Flows data, with Exchange Rates and Seaborne Imports & Exports being the most influential families within this data type. Despite Technical data suggesting upward price pressure, other data types like Demand, Flows, and Supply indicate a contrary trend. Demand data related to the Global Economy has a negative impact of -$1.61 per tonne, contributing to the overall bearish forecast.

What is the current / spot price of Steel Scrap (Europe)?

Steel Scrap (Europe) Price Today

October 23, 2025

Current Price

487

What is the forecast for the price of Steel Scrap (Europe)?

Steel Scrap (Europe) Price Forecast

October 23, 2025

1 Month Forecast

342.84

1 Year Forecast

394.76

What are the short-term drivers of Steel Scrap (Europe) prices?

What are the long-term drivers of Steel Scrap (Europe) prices?

Over the 1 Month horizon the outlook is bearish due to drivers such as: - EWMA-based technical analysis - Steel imports to Germany - Coal imports to Germany Br(None) The top contrary drivers for the 1 Month horizon are: - The net positions of speculators on the LME - Coal imports to Brazil

Over the 1 Year horizon the outlook is bullish due to drivers such as: - The shape of the futures curve - The net positions of speculators on the LME - EWMA-based technical analysis Br(None) The top contrary drivers for the 1 Year horizon are: - The shape of the futures curve (adjusted for the risk free rate and price volatility)