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High Melting Scrap Prices, Demand and Supply Overview
2025
Base Year
2023-2025
Historical Period
2026-2027
Forecast Period
Market Overview
High Melting Scrap prices in Germany, the highest-cost reporting region, rose 6.1% in H1 2026, recovering from USD 0.492/KG in Q1 to USD 0.521/KG in Q2 as electric arc furnace steelmaking procurement recovery and scrap collection and logistics cost firming reversed the seasonal Q1 dip that followed two consecutive quarters of gains through Q3 and Q4 2025. Globally, the average rose from USD 0.367/KG in Q1 to USD 0.389/KG in Q2, a 6.0% gain. For H2 2026, a global average of USD 0.39-0.44/KG is expected, with continued support from EAF steelmaking procurement recovery and scrap collection cost firming across major consuming markets.
High Melting Scrap (HMS), graded as HMS 1 and HMS 2 under ISRI specification 200-206 for clean ferrous steel and iron scrap without tin, lead, or excessive alloy content, is sourced from industrial and manufacturing steel offcuts, obsolete equipment and machinery, demolished structural steel, and cut-down heavy gauge plate and structural sections through collection, sorting, shearing, and baling operations at integrated and independent scrap processing yards. Commercial HMS supply responds to demolition activity, manufacturing output, and export scrap trade flows. The largest pull comes from electric arc furnace (EAF) steelmaking, where HMS is the primary metallic charge providing iron units and residual alloy content consistent with flat and long product steel specification requirements across mini-mill and integrated steelmaker operations globally. Foundry cupola and induction furnace melting for cast iron and specialty steel product manufacture and export trade to scrap-deficit steelmaking regions consume further volumes. Steelmaking demand, demolition activity and scrap collection cost, and export freight economics all feed into the price.
High Melting Scrap Price Forecast for 2026
The balance of supply and demand for High Melting Scrap through H2 2026 leans moderately firm. EAF steelmaking procurement for flat and long product mini-mill operations maintained consistent buying. Scrap collection and logistics cost firming continued to support the scrap supply floor.
The main upside risk is a steel production surge or scrap collection disruption tightening HMS availability above the forecast range. The main downside risk is weaker EAF steelmaking output or expanded scrap supply from demolition activity surges softening prices below the forecast.
| Region | 2026 Price Range (USD/KG) | Outlook |
| Global Average | 0.39 - 0.44 | EAF steelmaking demand and scrap collection support |
| United States | 0.43 - 0.49 | Mini-mill EAF demand holds firm scrap procurement |
| China | 0.30 - 0.33 | Large collection capacity keeps China affordable |
| Germany | 0.52 - 0.59 | Energy and logistics costs maintain premium |
| India | 0.41 - 0.46 | EAF steelmaking growth supports firm middle |
For the Quarter Ending June 2026
High Melting Scrap Prices Q2 2026:
- United States: USD 0.428/KG
- China: USD 0.293/KG
- Germany: USD 0.521/KG
- India: USD 0.408/KG
High Melting Scrap Prices in the United States
US High Melting Scrap prices averaged USD 0.428/KG in Q2 2026, up 5.9% from USD 0.404/KG in Q1 2026. Recovering EAF steelmaking procurement and firmer scrap collection and logistics costs drove the Q2 recovery from the seasonal Q1 dip.
Why did the price of High Melting Scrap change in Q2 2026 in the United States?
Recovering EAF mini-mill steelmaking procurement lifted buying. Firmer scrap collection, shearing, and logistics costs raised the supply floor. Export trade demand added further support near USD 0.428/KG.
High Melting Scrap Prices in China
Chinese High Melting Scrap prices averaged USD 0.293/KG in Q2 2026, up 6.2% from USD 0.276/KG in Q1 2026. Recovering domestic EAF steelmaking procurement and firmer scrap collection costs drove the seasonal Q2 recovery.
Why did the price of High Melting Scrap change in Q2 2026 in China?
Recovering domestic EAF steelmaking procurement lifted buying. Firmer scrap collection and processing costs raised the supply floor. Large domestic scrap collection kept the market most affordable near USD 0.293/KG.
High Melting Scrap Prices in Germany
German High Melting Scrap prices averaged USD 0.521/KG in Q2 2026, up 5.9% from USD 0.492/KG in Q1 2026, the highest among tracked markets. Recovering EAF steelmaking and foundry procurement and firmer scrap collection and energy costs drove the Q2 firming.
Why did the price of High Melting Scrap change in Q2 2026 in Germany?
Recovering European EAF steelmaking and foundry procurement maintained buying. Firmer scrap collection, processing, and energy costs sustained the elevated supply floor near USD 0.521/KG.
High Melting Scrap Prices in India
Indian High Melting Scrap prices averaged USD 0.408/KG in Q2 2026, up 5.9% from USD 0.385/KG in Q1 2026. Recovering EAF steelmaking and induction furnace procurement and firmer domestic and import scrap costs drove the Q2 recovery.
Why did the price of High Melting Scrap change in Q2 2026 in India?
Recovering EAF steelmaking and foundry procurement lifted buying. Firmer domestic and import scrap collection costs raised the supply floor. Export steel demand added further support near USD 0.408/KG.
For the Quarter Ending March 2026
High Melting Scrap Prices Q1 2026:
- United States: USD 0.404/KG
- China: USD 0.276/KG
- Germany: USD 0.492/KG
- India: USD 0.385/KG
High Melting Scrap Prices in the United States
US prices averaged USD 0.404/KG in Q1 2026, easing about 2.0% from Q4 2025. Seasonal EAF steelmaking procurement moderation and winter scrap collection slowdown eased the market before the Q2 recovery.
Why did the price of High Melting Scrap change in Q1 2026 in the United States?
Seasonal EAF steelmaking procurement moderation reduced buying urgency. Winter scrap collection slowdown eased supply. The market eased to USD 0.404/KG before the Q2 spring steelmaking season recovery.
High Melting Scrap Prices in China
Chinese prices averaged USD 0.276/KG in Q1 2026, easing about 2.0% from Q4 2025. Post-holiday EAF steelmaking procurement moderation and seasonal scrap collection slowdown eased the market before the Q2 recovery.
Why did the price of High Melting Scrap change in Q1 2026 in China?
Post-holiday EAF steelmaking procurement moderation reduced buying. Seasonal scrap collection slowdown eased supply. The market eased to USD 0.276/KG before the Q2 spring recovery.
High Melting Scrap Prices in Germany
German prices averaged USD 0.492/KG in Q1 2026, easing about 2.0% from Q4 2025. Seasonal European EAF steelmaking procurement moderation and winter scrap collection slowdown eased the market before the Q2 recovery.
Why did the price of High Melting Scrap change in Q1 2026 in Germany?
Seasonal EAF steelmaking procurement moderation eased buying. Winter scrap collection and logistics slowdown reduced supply. The market eased to USD 0.492/KG before the Q2 spring recovery.
High Melting Scrap Prices in India
Indian prices averaged USD 0.385/KG in Q1 2026, easing about 2.0% from Q4 2025. Seasonal EAF steelmaking procurement moderation and scrap collection slowdown eased the market before the Q2 recovery.
Why did the price of High Melting Scrap change in Q1 2026 in India?
Seasonal EAF steelmaking procurement moderation eased buying. Scrap collection and transport cost moderation reduced the supply floor. The market eased to USD 0.385/KG before the Q2 recovery.
Quarterly High Melting Scrap Price Trends
Global High Melting Scrap prices firmed in Q3 and Q4 2025 on recovering EAF steelmaking demand and scrap collection cost firming, then eased in Q1 2026 on seasonal moderation, before recovering in Q2 2026. The average rose from USD 0.360/KG in Q2 2025 to USD 0.367/KG in Q3, USD 0.374/KG in Q4, eased to USD 0.367/KG in Q1 2026, then firmed to USD 0.389/KG in Q2 2026, a net gain of about 8.1% over the window. EAF steelmaking procurement seasonality and scrap collection cost cycles drove the overall price pattern.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q2 2026 | 0.389 | +6.0% | ↑ Rising |
| Q1 2026 | 0.367 | -2.0% | ↓ Falling |
| Q4 2025 | 0.374 | +2.0% | ↑ Rising |
| Q3 2025 | 0.367 | +2.0% | ↑ Rising |
| Q2 2025 | 0.360 | - | - Stable |
| Q3 2026 | In Progress | - | - In Progress |
What was High Melting Scrap Price in 2025?
High Melting Scrap prices firmed through 2025 on recovering EAF steelmaking demand and scrap collection cost firming. The global average opened near USD 0.353/KG in Q1 2025 and rose to USD 0.374/KG by Q4, a full-year gain of about 6.1%. EAF mini-mill steel production recovery and demolition scrap availability cycles drove the sustained upward trend through the year.
High Melting Scrap Prices in the United States in 2025
US prices firmed from about USD 0.388/KG in Q1 2025 to USD 0.411/KG by Q4, a gain of about 5.9%. EAF mini-mill steelmaking demand recovery and scrap collection cost firming drove the year-long rise.
High Melting Scrap Prices in China in 2025
Chinese prices firmed from roughly USD 0.265/KG in Q1 2025 to USD 0.281/KG by Q4, a gain of about 6.0%. Domestic EAF steelmaking demand and scrap collection cost cycles drove the sustained trend.
High Melting Scrap Prices in Germany in 2025
German prices firmed from about USD 0.473/KG in Q1 2025 to USD 0.501/KG by Q4, a gain of about 5.9%. Energy-elevated processing costs and recovering European EAF and foundry steelmaking demand drove the firming.
High Melting Scrap Prices in India in 2025
Indian prices firmed from roughly USD 0.370/KG in Q1 2025 to USD 0.393/KG by Q4, a gain of about 6.2%. Growing EAF and induction furnace steelmaking demand and scrap import cost firming drove the year-long trend.
How We Can Help
Expert Market Research: Your Source for Real-Time High Melting Scrap Price Intelligence
Expert Market Research tracks High Melting Scrap prices continuously across every major producing and consuming region. The team traces causation through EAF steelmaking demand cycles, scrap collection and logistics cost economics, demolition activity, and export-import scrap trade flows. Contact Expert Market Research today for High Melting Scrap pricing data, bespoke market analysis, and strategic procurement advisory.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Key Questions Answered in the Report
Electric arc furnace steelmaking takes the largest share globally. HMS is the primary metallic charge for EAF flat and long product mini-mill operations. Foundry cupola and induction furnace melting for cast iron and specialty steel products, and export trade to scrap-deficit steelmaking regions also consume significant volumes.
The Q2 2026 average was USD 0.428/KG in the United States, USD 0.293/KG in China, USD 0.521/KG in Germany, and USD 0.408/KG in India. Germany carries the highest cost due to energy, processing, and logistics cost premiums.
The global average eased from USD 0.374/KG in Q4 2025 to USD 0.367/KG in Q1 2026 on seasonal procurement moderation before recovering to USD 0.389/KG in Q2, a 6.0% gain. EAF steelmaking demand recovery and scrap collection cost firming drove the Q2 rebound.
Seasonal EAF steelmaking procurement moderation reduced buying urgency. Winter scrap collection and logistics slowdown eased supply. The market eased to USD 0.367/KG before the Q2 spring steelmaking season demand recovery.
The global average is expected in the USD 0.39 to 0.44/KG range for H2 2026, with support from EAF steelmaking procurement, foundry melting demand, and scrap collection and logistics cost firming across major consuming markets.
Germany holds the highest cost on energy, processing, and logistics input premiums. The United States and India hold a firm middle, and China prices lowest on large domestic scrap collection capacity.
This report is updated monthly. For real-time pricing intelligence, contact the Expert Market Research team directly.
Prices respond mainly to EAF steelmaking production demand, demolition activity and scrap collection availability, export-import scrap trade flows and freight economics, and seasonal winter collection slowdowns.
Turkey, the United States, India, China, and European EAF producers are the largest consumers. Any EAF steelmaking demand shift or demolition scrap supply disruption ripples across all regional HMS price markets.
Buyers can use quarterly trends and forecasts to time scrap procurement contracts around EAF steelmaking seasonal cycles, monitor demolition activity and scrap collection as the primary supply signal, and build forward coverage ahead of Q2 spring and Q4 autumn peak steelmaking demand periods.
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