As the market looks ahead to February, ferrous scrap fundamentals remain supportive. Tight winter supply, firm steel pricing, improving export activity, and strengthening futures are setting the stage for a potentially higher-priced trading environment as 2026 unfolds.

January opens 2026 with strong momentum in the ferrous scrap market as tight supply, steady mill demand, and firm steel pricing support higher values. Non-ferrous markets remain mixed, with pressure on stainless and aluminum, while copper surges to record highs amid global supply risks and tariff uncertainty.

December brings the first lift in Chicago’s ferrous market since spring, steady aluminum, softer stainless, and a continued copper rally driven by real supply constraints. This update covers the key forces shaping the month.

November’s scrap market steadied as steel and non-ferrous prices held firm. BL Duke shares insights on trends shaping 2026’s recycling outlook.

October’s scrap market softened as steel demand slowed and mill outages grew. See BL Duke’s latest insight on ferrous, stainless, copper, and aluminum trends.

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.