Actual
395.50
Daily Change
-2.50 -0.63%
Monthly
-1.98%
Yearly
12.84%
Q4 Forecast
404.83
Scrap Steel - Summary

Scrap Steel fell to 395.50 USD/T on October 6, 2026, down 0.63% from the previous day. Over the past month, Scrap Steel's price has fallen 1.98%, but it is still 12.84% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Scrap Steel - Stats

Historically, Scrap Steel reached an all time high of 427 in April of 2026. This page includes a chart with historical data for Scrap Steel. Scrap Steel - data, forecasts, historical chart - was last updated on October 7 of 2026.



Price Day Month Year Date
Platinum 1,639.30 -70.00 -4.10% -11.54% -0.83% Oct/07
HRC Steel 1,318.13 -0.87 -0.07% 5.62% 62.13% Oct/07
Iron Ore 91.13 -0.05 -0.05% -8.89% -12.62% Oct/07
Scrap Steel 395.50 -2.50 -0.63% -1.98% 12.84% Oct/06


Scrap Steel
Scrap steel is discarded, leftover, or end-of-life steel that is collected, melted down, and recycled to create new steel products. Over 70% of recycled steel goes back into steelmaking, predominantly via Electric Arc Furnaces (EAFs), without losing any integrity, quality, or structural strength. Melting scrap in an EAF uses roughly 75% less energy and generates significantly lower greenhouse gas emissions compared to converting virgin iron ore into liquid iron using traditional blast furnaces, making it a larger part of steelmaking in economies with emissions controls. Scrap steel is traded across both physical commodity exchanges and localized, over-the-counter (OTC) supply chains worldwide. Scrap steel prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only.
Actual Previous Highest Lowest Dates Unit Frequency
395.50 398.00 427.00 333.50 2025 - 2026 USD/T daily