February 2026 saw a split in global ferrous scrap pricing, with Europe and China posting modest gains while the United States and Turkey experienced declines. Turkish HMS 1&2 (80:20) slipped 0.6% to $373.1 per tonne, and U.S. East Coast HMS 1/2 fell 2.2% to $333 per tonne. European E3 scrap rose to €300‑€330 per tonne, supported by limited supply and logistics constraints. Overall, most regions remain above end‑2025 levels despite the mixed trends.
South Africa’s Competition Commission has raided four scrap‑metal firms amid a price‑fixing investigation, prompting the Metals Recyclers Association (MRA) to call for a full, independent inquiry into the sector’s policy framework. The MRA argues that the Price Preference System, export...
Poland’s ferrous scrap exports to non‑EU markets slipped 8.6% in 2025, falling to 1.204 million tonnes after three years of growth. Shipments to India, Pakistan and Morocco dropped sharply, while volumes to Turkey rose 2.4% and exports to the United States...
Ghana's Ministry of Trade announced a plan to slash steel imports by 30% within the next few years. The strategy hinges on expanding domestic steel‑making capacity to 1.2 million tonnes per year. Simultaneously, the government aims to generate $300 million in revenue...
Global scrap shortages are tightening supply and lifting steel prices worldwide. In Japan, recycled‑steel prices have risen sharply as domestic scrap generation slows and the yen continues to depreciate. The combination of limited scrap flow and currency effects is pressuring...
The Bureau of International Recycling’s World Mirror report shows U.S. recycled‑steel prices rising as winter storms forced yard closures, tightening obsolete scrap inflows and bolstering export demand. Japan’s prices also firmed amid weak scrap generation and a depreciating yen. In...
Ukraine exported 9.3 thousand tons of scrap metal in January, a modest baseline for the year. By 2025, total scrap exports surged 53 percent compared with 2024, reaching 448,680 tons. The rapid increase reflects heightened demand from steel producers in...