Why are Steel Scrap (Europe) Prices so high?
15-04-2026 - Over the past month, the price of steel scrap has risen from $382/t to $406/t, indicating a strengthening demand and a positive shift in market dynamics. However, the forecast predicts a slight decrease to $401.71/t, reflecting a -1.1% decline from the current price. This suggests a generally flat to slightly downward trend, with potential market volatility posing a risk to raw material prices.
The forecast indicates a downward price impact of -$5.69/t, influenced by technical factors such as Calendar Effects and Price Signals. Despite this, data on Demand and Flows suggest upward pressure, presenting mixed signals for steel scrap prices.
Looking ahead to April 2026, analyses predict a potential decline in steel scrap prices, aligning with the forecasted decrease to $401.71/t. Fastmarkets anticipates a 3.1% month-on-month price reduction in the US ferrous scrap market for April, with their Trend Indicator at 46.9, below the neutral threshold of 50. This points to a mild bearish sentiment, especially among buyers, whose sentiment index is at 40.7. The market is described as balanced but with a slight downward bias in pricing.
The forecast indicates a downward price impact of -$5.69/t, influenced by technical factors such as Calendar Effects and Price Signals. Despite this, data on Demand and Flows suggest upward pressure, presenting mixed signals for steel scrap prices.
Looking ahead to April 2026, analyses predict a potential decline in steel scrap prices, aligning with the forecasted decrease to $401.71/t. Fastmarkets anticipates a 3.1% month-on-month price reduction in the US ferrous scrap market for April, with their Trend Indicator at 46.9, below the neutral threshold of 50. This points to a mild bearish sentiment, especially among buyers, whose sentiment index is at 40.7. The market is described as balanced but with a slight downward bias in pricing.
What is the current / spot price of Steel Scrap (Europe)?
Steel Scrap (Europe) Price Today
April 15, 2026
Current Price
406
What is the forecast for the price of Steel Scrap (Europe)?
Steel Scrap (Europe) Price Forecast
April 21, 2026
1 Month Forecast
401.71
1 Year Forecast
410.11
What are the short-term drivers of Steel Scrap (Europe) prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - Long term price trends - Seasonality trends for the prediction month of year - EWMA-based technical analysis Br(None) The top contrary drivers for the 1 Month horizon are: - Short term price trends - Coke exports from China
What are the long-term drivers of Steel Scrap (Europe) prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - The net positions of speculators on the LME - Short term price trends Br(None) The top contrary drivers for the 1 Year horizon are: - Long term price trends - EWMA-based technical analysis - Movements in the Chinese Yuan
Will the price of Steel Scrap (Europe) go up?
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