High Melting Scrap Shredded Price Trend and Forecast 2026-2027

Market Overview

Global High Melting Scrap Shredded prices edged up 1.0% in Q2 2026 to USD 421.15/MT from USD 417.05/MT in Q1, though that modest headline figure hides a distinctly split quarter underneath. Dutch prices jumped 6.4% to USD 431.00/MT as Northwest European scrap availability tightened further, while US prices fell 4.4% to USD 438.00/MT as domestic mills settled into the seasonal spring pattern of easing shredded and obsolete-grade tags. For H2 2026, a global average of USD 405.00-430.00/MT is expected, with the divergence between a firm Europe and a more settled North America likely to persist.

High Melting Scrap Shredded, universally abbreviated HMS 1 and HMS 2 before shredding and simply called shredded scrap once processed, is obsolete ferrous material recovered from demolished structures, scrapped automobiles, discarded machinery, and decommissioned equipment, then mechanically shredded into roughly uniform pieces and separated from non-ferrous metals using magnets. It stands as the single largest feedstock for electric arc furnace mini-mills, which recycle it into rebar, rods, and structural steel sections, sustaining a substantial share of the global circular economy for steel. Domestic collection volumes, export flows to major importing markets, EAF mill utilization rates, and seasonal weather effects on scrap generation and logistics are what move prices here.

High Melting Scrap Shredded Price Forecast for 2026

The outlook for High Melting Scrap Shredded through H2 2026 points to continued regional divergence rather than a single unified direction. Northwest European supply should stay tight enough to keep Dutch and other regional benchmarks firm, while the US market looks set to trade in a narrower, more settled range after its spring pullback. Indian and Turkish demand should hold reasonably steady on construction and rebar-linked offtake.

The main upside risk is a sharper-than-expected tightening in European collection volumes, which could pull the broader seaborne market higher as buyers compete for the same scarce tonnage. The main downside risk is a faster rebuild of US mill inventories, which would extend the current softness and cap gains elsewhere through arbitrage.

For the Quarter Ending June 2026

High Melting Scrap Shredded Prices Q2 2026:

• United States: USD 438.00/MT
• Netherlands: USD 431.00/MT
• Turkey: USD 412.00/MT
• India: USD 395.00/MT

High Melting Scrap Shredded Prices in the United States

US High Melting Scrap Shredded prices averaged USD 438.00/MT in Q2 2026, down 4.4% from USD 458.00/MT in Q1, as shredded and other obsolete grades settled into the seasonal pattern mills had broadly expected heading into spring.

Why did the price of High Melting Scrap Shredded change in Q2 2026 in the United States?

Winter-related collection disruptions that had squeezed supply earlier in the year eased once milder weather returned, and mills that had paid up for prompt tonnage in Q1 found less reason to keep chasing it. Prime grades held closer to flat, but shredded and other obsolete grades gave back a portion of their earlier gains.

High Melting Scrap Shredded Prices in Netherlands

Dutch prices averaged USD 431.00/MT in Q2 2026, up 6.4% from USD 405.00/MT in Q1, the sharpest regional gain of the quarter as Northwest European scrap availability tightened further.

Why did the price of High Melting Scrap Shredded change in Q2 2026 in Netherlands?

Lower collection rates across Northwest Europe, combined with stronger competition for feedstock among regional EAF mills, kept supply conditions genuinely tight through April and May. Rising finished steel orders and firmer export demand from destinations such as Turkey encouraged more aggressive buying on top of that.

High Melting Scrap Shredded Prices in Turkey

Turkish prices averaged USD 412.00/MT in Q2 2026, up 1.0% from USD 408.00/MT in Q1, holding to the steady, narrow range that has defined this market for several quarters running.

Why did the price of High Melting Scrap Shredded change in Q2 2026 in Turkey?

Balanced import requirements and steady finished steel demand left this market with little reason to move sharply in either direction. Deep-sea scrap offers showed only limited fluctuation through the quarter.

High Melting Scrap Shredded Prices in India

Indian prices averaged USD 395.00/MT in Q2 2026, up 3.4% from USD 382.00/MT in Q1, continuing to build on the tight seaborne conditions that first showed up earlier in the year.

Why did the price of High Melting Scrap Shredded change in Q2 2026 in India?

Tighter seaborne availability, a theme that had already been building since late 2025, continued to support Indian offers even as the pace of gains moderated somewhat compared with the sharper move seen in Q1.

For the Quarter Ending March 2026

High Melting Scrap Shredded Prices Q1 2026:

• United States: USD 458.00/MT
• Netherlands: USD 405.00/MT
• Turkey: USD 408.00/MT
• India: USD 382.00/MT

High Melting Scrap Shredded Prices in the United States

US prices rose 1.3% in Q1 2026 to USD 458.00/MT from USD 452.00/MT in Q4 2025, a modest gain as winter weather disruptions kept collection volumes constrained in several regions.

Why did the price of High Melting Scrap Shredded change in Q1 2026 in the United States?

Cold weather across several major scrap-generating regions slowed yard collection and processing, tightening prompt availability just as mills kept up steady buying. The resulting price gain was real but far more modest than the moves seen in tighter overseas markets.

High Melting Scrap Shredded Prices in Netherlands

Dutch prices rose 2.5% in Q1 2026 to USD 405.00/MT from USD 395.00/MT in Q4 2025, extending the steady climb that has held across Northwest Europe for several quarters.

Why did the price of High Melting Scrap Shredded change in Q1 2026 in Netherlands?

Regional EAF mills kept procurement steady even as collection volumes stayed unremarkable, and that ongoing mismatch between generation and demand kept a firm floor under offers through the quarter.

High Melting Scrap Shredded Prices in Turkey

Turkish prices rose 2.0% in Q1 2026 to USD 408.00/MT from USD 400.00/MT in Q4 2025, tracking the broader firm tone across the seaborne scrap market.

Why did the price of High Melting Scrap Shredded change in Q1 2026 in Turkey?

Global steel scrap followed a broadly firm trend through the quarter on constrained availability and higher freight costs, and Turkish buyers, competing for the same seaborne cargoes as other major importers, moved in step with that wider market.

High Melting Scrap Shredded Prices in India

Indian prices jumped 3.8% in Q1 2026 to USD 382.00/MT from USD 368.00/MT in Q4 2025, the sharpest regional gain as tighter seaborne availability took hold.

Why did the price of High Melting Scrap Shredded change in Q1 2026 in India?

Tighter seaborne availability built steadily through the quarter, leaving fewer competitively priced cargoes available to Indian buyers and pushing offers higher at a noticeably faster pace than in the prior two quarters.

Quarterly High Melting Scrap Shredded Price Trends

Global High Melting Scrap Shredded prices dipped briefly in Q2 2025 before climbing steadily through the following four quarters, supported by tightening seaborne availability and steady electric arc furnace demand, though the pace of the global gain slowed markedly in Q2 2026 as US prices reversed even as Europe kept climbing.

What was High Melting Scrap Shredded Price in 2025?

High Melting Scrap Shredded firmed steadily across 2025 in every market covered in this report, with a brief early-year dip giving way to a consistent climb as seaborne availability gradually tightened and electric arc furnace demand held firm through the year.

High Melting Scrap Shredded Prices in the United States in 2025

US prices firmed from about USD 445.00/MT in Q1 2025 to USD 452.00/MT by Q4, a modest gain of roughly 1.6%. Winter collection disruptions late in the year added a bit of extra support heading into 2026.

High Melting Scrap Shredded Prices in Netherlands in 2025

Dutch prices firmed from about USD 380.00/MT in Q1 2025 to USD 395.00/MT by Q4, up roughly 3.9%. Gradually tightening Northwest European collection volumes kept this market on a consistent upward path through the year.

High Melting Scrap Shredded Prices in Turkey in 2025

Turkish prices firmed from about USD 390.00/MT in Q1 2025 to USD 400.00/MT by Q4, a gain of roughly 2.6%, tracking the broader steady tone across the global seaborne scrap market.

High Melting Scrap Shredded Prices in India in 2025

Indian prices firmed from about USD 355.00/MT in Q1 2025 to USD 368.00/MT by Q4, up roughly 3.7%. Tightening seaborne availability built through the second half of the year, setting the stage for the sharper Q1 2026 move.

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Expert Market Research: Your Source for Real-Time High Melting Scrap Shredded Price Intelligence

Expert Market Research tracks High Melting Scrap Shredded prices continuously across every major producing and consuming region, combining scrap collection data, EAF mill utilization, and seaborne trade flows into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan tonnage purchases around the seasonal and regional patterns covered in this report, and build a defensible view of where this feedstock is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.