Steel Scrap (Europe) Prices

09-12-2025 - Over the past month, the price of steel scrap has increased from $355.5/t to $366.0/t, indicating either a rise in demand or a reduction in supply for this crucial raw material. The forecast predicts a slight decrease to $364.42/t, down by $1.58/t or 0.4% from the current price, suggesting a generally stable trend with minimal risk in raw material pricing.

The current forecast presents mixed signals. Technical data points to upward price pressure, with a $5.29/t impact driven by Traders' Positions. Conversely, Demand, Flows, and Supply data suggest downward pressure, with impacts of -$2.01/t, -$2.23/t, and -$0.81/t, respectively. This results in a projected price of $364.42/t for the upcoming month, aligning with recent analyses that anticipate a modest decline in ferrous scrap prices.

According to Fastmarkets' December 2025 survey, sentiment in the U.S. ferrous scrap market is broadly neutral. The Trend Indicator has eased slightly to 47.9, indicating a modest 1% month-over-month price decline. This marks the second consecutive month of flat-to-lower expectations, reflecting limited directional conviction among market participants.

This external analysis supports the forecast, suggesting a consensus towards a slight downturn in the LME Steel Scrap market in the near term.