Steel Scrap (Europe) Prices

30-01-2026 - Over the past month, the price of steel scrap has experienced a slight increase, rising from $371.5/t to $375.5/t. This modest uptick suggests potential changes in market demand or supply dynamics. The forecast for steel scrap is $376.37/t, reflecting a minor increase of $0.87/t or 0.2% from the current price of $375.5/t. This generally flat forecast indicates minimal risk of significant price fluctuations for this raw material.

The current forecast also highlights a downward price impact of -$0.71/t, primarily influenced by Flows data, especially Seaborne Imports & Exports. While Demand and Supply data suggest upward pressure, Flows and Technical data point to a potential decline in raw material prices.

Entering January 2026, the US ferrous scrap market shows a bullish outlook, with a Trend Indicator of 57.3, predicting a month-on-month price increase of 3.2%. This follows a 4.2% gain in December 2025. Market sentiment is balanced, with a consensus level of 58%, aligning with the 24-month average. Inventories are slightly above average at 52.2, indicating stable mill stocking. Buyers are optimistic with a sentiment score of 59.72, while brokers are more cautious at 55. Sellers maintain a bullish stance at 57.3, consistent with the overall Trend Indicator. No significant changes in fundamentals are expected, with "All Unchanged" cited as the primary market driver for the month. January is anticipated to see modest gains, barring any major macroeconomic or geopolitical events. This analysis supports the forecasted upward trend in the LME Steel Scrap market.