In October 2025, the global scrap metal market has shown diverging trends across major regions. While the United States and Turkey have seen mild price increases, Europe and China remain under pressure amid weak steel demand and lower industrial activity.
In Turkey, HMS 1&2 (80:20) scrap prices rose by about 2.7%, reaching $348 per ton CFR, supported by active mill demand.
In the United States, prices also moved slightly higher but market sentiment remains cautious due to moderate steel production and average inventory levels.
In contrast, China’s domestic scrap market softened as steel output fell and import appetite weakened.