Scrap Price Chart & Market Analysis 2026

Scrap Price Information Spec: China national standards;≥6mm｜Heavy scrap

Newest Price 350.66

Price Date 20261010

Day's Change 0

Day's Range 350.66 - 350.66

Month's Change -0.92

Month's Range 350.8 - 349.88

Year's Change +345.82

Year's Range 345.82 - 0

Opinions

What happened to the scrap market after induction furnace shutdowns?

The key signal is that scrap pricing is now grade-driven, not region-driven. Traders who invested in shearing, baling and sorting captured better margins because they could upgrade light material into furnace-ready product. Anyone still selling unsorted light scrap into a converter-dominated market is competing on price alone.

Why aren't retired ships and tanks simply scrapped into steel and remelted?

The practical takeaway is grade segregation, not volume. Dismantlers who sort armor plate, hull steel and alloy components into separate streams can place material with electric furnace and specialty producers. Unsorted heavy melt destined for a BOF is a discount, not a premium. Pre-processing is where the margin sits.

How large will China's scrap steel resource base grow by 2030?

Supply growth alone won't lift the scrap ratio. The binding constraints are collection economics, tax treatment and whether electric furnace capacity actually gets built. Watch the spread between scrap and hot metal: when scrap is cheaper per tonne than iron, converters quietly raise their charge ratio regardless of long-term forecasts.

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Overview

Scrap steel (ferrous scrap, steel scrap) is recyclable iron- and steel-bearing material recovered from end-of-life equipment, demolition, and manufacturing offcuts, graded by size, density, and alloy content. It is the principal metallic feedstock for electric-arc and converter steelmaking.

Steelmaking: blended into converter and electric-arc furnace charges; only grades close in composition to the target steel are used, as excess alloying or tramp elements degrade heats.
Recycling & processing: sorted, sheared, magnetically separated, screened, and baled into dense blocks for remelting.
Advanced materials: a feedstock for metastable disordered alloy fibres used as persulfate-activating catalysts in organic wastewater treatment.
Resource conservation: substitutes for iron ore and cuts energy use, supporting "urban mining" and circular-economy policy.

China's scrap supply comes from local recovery, demolition, and end-of-life vehicles, with regional deficits such as the southwest drawing cross-province inflows. Electric-arc short-process capacity is expanding fastest in hydropower-rich regions. Imports of solid waste are banned, so the market relies on domestic generation.

Key domestic producers:
Delong Steel (Detian Resources) – building large Tianjin scrap processing bases.
Sichuan Yekong Group – full-scrap short-process operator.
Shagang Group – major purchaser of heavy and furnace-grade scrap.
Baosteel – buys selected cold-rolled and electrical-steel scrap grades.

Properties

Name

Scrap

Ferrous Scrap

Steel Scrap

HS Code

7204490000

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Scrap Price Information Spec: China national standards;≥6mm｜Heavy scrap

Opinions

What happened to the scrap market after induction furnace shutdowns?

Why aren't retired ships and tanks simply scrapped into steel and remelted?

How large will China's scrap steel resource base grow by 2030?

People Also Watch

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