As Q4 2025 begins, global non-ferrous and ferrous scrap markets show mixed signals across major trading regions.
In the United States, copper and aluminum scrap prices edged slightly higher last week, supported by firm industrial demand and stable freight rates.
Turkey’s import market remains steady, with HMS 1&2 (80:20) at around $348 CFR, while European buyers continue to face weak mill demand and oversupply.
Meanwhile, China’s domestic scrap market has softened as steel production slows and copper smelters face tighter margins following record-low processing fees.
Traders expect short-term volatility but see potential recovery in early 2026 if Chinese stimulus measures take effect.
Key takeaways:
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U.S. and Turkish prices remain supported by regional demand.
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Europe continues to struggle with high inventories and low mill utilization.
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Non-ferrous scrap, especially copper, depends heavily on China’s manufacturing rebound.
For exporters like Royal Metals Trading FZCO, the focus should remain on flexible logistics, market diversification, and maintaining stock discipline through the year-end period.