Iron Scrap Metal Price | Current and Forecast
Monitor Iron Scrap Metal Prices Worldwide
See monthly Iron Scrap prices in 5 locations: US, Europe, Middle East, SE Asia, C. Europe. Also check Iron Scrap price history since 2007 and forecasts. Subscribe now to Intratec Primary Commodity Prices and gain access to current prices of 244 commodities, including Iron Scrap.
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Data Legend. The Iron Scrap price chart shows the prices in USA Dollar per metric ton (USD/mt) in 5 locations, as follows:
- US: transaction, fob
- Europe: transaction, fob, Germany
- Middle East: transaction, cif, Turkey
- SE Asia: transaction, cif, India
- C. Europe: transaction, fob, Poland
Data Use. Iron Scrap prices are provided as an annual subscription where subscribers have access to reliable pricing data of 244 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Price Dynamics. The Iron Scrap Metal price in United States decreased during September 2018 to 501 USD per metric ton, which represents a decline of 5% compared to the previous month’s value. On a year-over-year basis, Iron Scrap Metal prices in United States decreased significantly by 9%. Meanwhile, in Germany, the average price of Iron Scrap Metal amounted to 332 USD per metric ton, from 288 USD per metric ton one year earlier. On a month-over-month basis, the Iron Scrap Metal price in Germany is 3% lower than the price one month before.
The price of Iron Scrap Metal in Turkey declined considerably throughout September 2018, reaching 218 USD per metric ton. The price in Turkey is 24% lower than the average price in the previous month and 6% lower than the average price one year before. In contrast, Iron Scrap Metal prices in India increased significantly during September 2018, reaching 480 USD per metric ton, which means a rise of 21% from the previous month’s price and a rise of 27% from the previous year’s price.
The Iron Scrap Metal prices in Poland experienced a modest rise of 3 USD per metric ton from the prior month's price, to 310 USD per metric ton. Such price movement in Poland meant a rise of 1% on a monthly basis and a rise of 0.3% on a yearly basis.
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About Iron Scrap Metal. Iron consists of Iron parts or products unsuitable for sale, or discarded metallic material from various sources. Like other metals, it can be continuously recycled, which is an energetically and economically attractive practice. Because of its magnetic properties, it can be easily separated from accompanying materials, allowing iron to return to foundries in a high state of purity. Cupulas and Induction furnaces are usually employed for this purpose.
It can be stored in big bags, on pallets or pressed in bundles, and in a dry area. It can be transported by rail, truck and/or ship.
The uses and applications of Iron may vary according to its specification. The main forms of Iron are bar; plate; powder; ingot; shot; pellet; and others.
Besides the possibility of being recycled to form new iron products, Iron Scrap is employed in several other industrial processes, such as: the production of Anhydrous iron (III) chloride; copper cementation; antimony recycling; starting material in the water atomization process; etc.
