Menu
Menu
Italy
United States
Germany
SpainQ1 2025
In the first quarter of 2025, the shredded scrap market experienced a notable price decline, with prices dropping by $350.68 per metric ton, FD Taranto representing a 2.57% decrease compared to the previous period. This downward trend suggests a cooling demand or an increase in supply, potentially influenced by shifts in global steel production, recycling rates, or raw material availability. Such a price reduction could impact scrap suppliers and recyclers by tightening profit margins, while steel manufacturers might benefit from lower input costs. Market participants should closely monitor supply chain dynamics and macroeconomic factors to anticipate further price movements in the coming months.
Q4 2024
In Q4 2024, the shredded scrap market is expected to experience a notable decline, with prices dropping by $359.95 per metric ton, FD Taranto representing a 5.12% decrease compared to previous levels. This downward trend may reflect a combination of factors such as softened demand in the steel manufacturing sector, increased supply of scrap materials, or shifts in global trade dynamics impacting raw material costs. The price reduction could signal challenges for scrap suppliers but may also create more competitive purchasing opportunities for steel producers looking to optimize costs. Overall, this price adjustment highlights the volatility and sensitivity of the shredded scrap market to broader economic and industrial conditions in the final quarter of 2024.
Q3 2024
In Q3 2024, the shredded scrap market experienced a notable decline, with prices dropping by $379.38 per metric ton, FD Taranto representing a 7.98% decrease compared to the previous quarter. This downturn could be attributed to factors such as reduced demand from key industries like steel manufacturing, shifts in global supply chains, or an increase in scrap availability driving prices down. The significant price correction may impact scrap suppliers’ margins and could signal a cautious market outlook moving forward, prompting stakeholders to reassess supply contracts and inventory strategies to mitigate potential financial strain.
Q2 2024
In Q2 2024, the shredded scrap market experienced a noticeable decline, with prices dropping by $412.26 per metric ton, FD Taranto representing a 1.28% decrease compared to the previous quarter. This downward shift suggests a softening in demand or an oversupply in the market, potentially influenced by factors such as reduced industrial activity, changes in raw material sourcing, or global economic uncertainties. The modest percentage decrease, while not drastic, indicates cautious sentiment among buyers and sellers, prompting stakeholders to closely monitor supply chain dynamics and market trends to adjust procurement and sales strategies accordingly.
Q1 2024
In the first quarter of 2024, the shredded scrap market experienced a significant price increase of $417.60 per metric ton, FD Taranto representing a 7.59% rise compared to the previous period. This upward trend indicates strong demand pressures or supply constraints in the scrap metal sector, reflecting broader market dynamics such as increased manufacturing activity or disruptions in raw material availability. The notable price hike suggests that buyers are willing to pay a premium for shredded scrap, potentially driven by tighter inventories and rising costs in related industries, which could impact downstream production costs and overall metal pricing in the coming months.
PriceWatch is your trusted resource for tracking global shredded scrap price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the shredded scrap market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence shredded scrap prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely shredded scrap market data.
Track PriceWatch's shredded scrap price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Shredded scrap consists of metal waste that has been mechanically processed into smaller, uniform pieces through shredding. It is commonly sourced from end-of-life vehicles, manufacturing offcuts, and industrial metal waste. Shredded scrap is widely used in the recycling industry as a raw material for steelmaking and metal recovery, helping reduce environmental impact and conserve natural resources. Its uniform size and composition make it ideal for efficient melting and reprocessing in foundries and steel plants. Additionally, shredded scrap supports sustainable manufacturing practices across automotive, construction, and heavy machinery sectors.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Material Type | Ferrous (Predominantly steel or iron-based) |
| Density | 65 – 75 lbs/ft³ (approx. 1.04 – 1.20 g/cm³) |
| Size | Typically, <12 inches in any dimension |
| Moisture Content | Maximum 2% by weight |
| Impurity Content | Non-ferrous metals: ≤1%; non-metallics (rubber, plastic, glass, etc.): ≤2% |
| Ash Content | ≤ 4% |
| Sulfur Content | ≤ 0.05% |
| Phosphorus Content | ≤ 0.05% |
Applications
Steel Manufacturing: Shredded scrap is a primary raw material in steel mills for electric arc furnaces and basic oxygen furnaces, helping produce new steel efficiently and sustainably.
Raw Material Availability – The supply of scrap metal, including the quantity and quality of shredded scrap, impacts pricing. Limited availability raises prices.
Global Steel Prices – Shredded scrap is a key input for steel production. Changes in global steel prices often reflect directly on scrap prices.
Demand from Steel Mills – Demand fluctuations from steel mills and foundries influence shredded scrap prices. Higher demand for recycled steel tends to increase prices.
Processing and Transportation Costs – Costs associated with shredding, sorting, handling, and transporting scrap affect the overall price.
Environmental Regulations – Regulations on recycling, emissions, and waste management can impact operational costs and, consequently, scrap prices.
Trade Policies and Tariffs – Import/export restrictions, tariffs, and trade agreements affect international scrap prices.
Market Competition – The number of scrap suppliers and their pricing strategies influence market prices.
Currency Exchange Rates – As shredded scrap is traded globally, currency fluctuations can impact prices in various regions.
The availability and cost of raw materials such as high-carbon steel and alloy coatings directly affect shredded scrap production costs and pricing.
Shredded scrap prices tend to increase with inflation, driven by higher raw material and processing costs. However, consistent demand from steel manufacturing and recycling industries supports price stability even amid wider economic changes.
PriceWatch offers a range of tools and services to track commodity prices effectively:
Real-Time Data: Access market intelligence and data on global shredded scrap supply chains.
Expert Analysis: Insights into market trends and potential risks.
Risk Assessment: Tools to evaluate supply chain vulnerabilities.
Benchmarking: Compare shredded scrap prices and sourcing practices.
Supplier Intelligence: Information on supplier reliability and financial health.
Copyright 2025. All rights reserved. Nidhyana Price Watch Data Analytics Private Limited