Scrap markets in September show mixed movement. Prime ferrous grades slipped for the first time since May, while cut grades and turnings stayed flat. Stainless steel remains stagnant, primary aluminum is elevated, secondary grades lack demand, and copper is volatile amid global uncertainty.

Chicago’s scrap market stayed mostly flat in August, with only turnings and borings up. Tariff changes, tight supply, and strong rebar demand could set the stage for a stronger finish to the year.

July’s U.S. scrap market stays steady with the fastest trade settlements this year and strong steel mill use despite summer slowdowns. Copper hits a four-year high amid tariff concerns, while stainless steel and aluminum scrap prices see modest changes due to soft demand and supply issues.

U.S. ferrous scrap prices remain flat in June, signaling a possible rebound ahead. Nippon Steel’s U.S. Steel deal could boost competition and market stability.

May brought more declines to the scrap metal market. Ferrous prices in Chicago fell for a second straight month, aluminum slipped, and copper remained volatile. Ongoing tariff concerns and weak mill demand continue to weigh heavily on pricing.

After a strong start to 2025, April brought a cooldown to scrap metal markets. Ferrous prices fell across the board, export demand softened, and tariff uncertainty returned—slowing momentum in both the ferrous and non-ferrous sectors.

March saw continued price increases in Chicago’s ferrous scrap market, driven by strong mill demand, new tariffs, and supply chain disruptions.

February brought a strong rebound in Chicago’s ferrous scrap market, with rising prices and demand. Copper is trending up, but tariffs could impact long-term stability.

After a year with no price increase, Chicago’s scrap metal market shifted gears and kicked off January 2025, posting gains across all ferrous grades. Copper pr ...