Ferrous scrap

Ferrous scrap market news, including sustainable steelmaking, recycled steel and ferrous scrap market analysis

Follow the critical developments impacting the ferrous scrap market with our market coverage, short- and mid-term forecasts and market-reflective ferrous scrap price data. Our team of experts provides global and local data-driven insights to help you make sense of the forces influencing the ferrous scrap market to guide your business decisions – the right way.

Also known as iron and steel scrap, the ferrous scrap market plays an essential role in the circular economy. End-of-life steel products, from motor vehicles to structural steel, can be recycled infinitely, creating new steels. All the steel used globally is recyclable, making ferrous scrap a highly sought-after material, changing the landscape of steel production worldwide.

Ferrous scrap is critical to decarbonizing the steel industry as it enables the recycling and reuse of steel products, further contributing to green steel production by creating a more sustainable and resource-efficient steel industry. Stay connected with the big stories, topics and price movements changing the ferrous scrap markets. Understand what’s driving change in the global ferrous scrap market, including new capacity sprouts in the evolving US Southern scrap market to trade flow disruptions in European markets.

Fastmarkets news and analysis of the ferrous scrap market is backed by the intelligence of industry-leading brands such as Metal Bulletin, American Metal Market, Scrap Price Bulletin and Industrial Minerals.
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Our monthly US scrap outlook helps you to track steel scrap price movements and make sense of the market

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Trading of the contract started on Monday December 16, 2024, on the CME Globex electronic trading platform and for submission for clearing via CME ClearPort.

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our December survey.

Read more about these new futures contracts against Fastmarkets’ benchmark assessment for the Chicago No. 1 busheling ferrous scrap price

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