MAY 2025 – Market Update
Ferrous Market
The scrap metal industry is navigating a transitional phase, with the ferrous scrap market adjusting further in May. While overall prices softened, prime grades demonstrated relative stability with a smaller decline of $30 per gross ton, indicating some resilience. Cut grades, turnings, and shred saw a $40 per gross ton decrease, reflecting broader market adjustments. These price movements are influenced by evolving global demand patterns and shifts in trade policy, both of which present long-term opportunities for adaptation and growth.
While domestic and export demand are still recovering, this period offers a chance for the industry to recalibrate amid ample material availability. The recent currency fluctuations, such as the Turkish lira devaluation, have temporarily affected export capacity but also signal potential market rebounds once stability returns. Despite uncertainties around tariffs and trade measures, the market is positioning itself for a more informed and strategic response to global economic shifts.
Non-Ferrous Market
May has brought some encouraging signs to the non-ferrous market. Stainless steel scrap prices, particularly in the 300 series grades, saw a modest lift, supported by restocking activity and a more favorable domestic environment. While the overall market remains cautious, this uptick reflects underlying demand and signals potential momentum as summer progresses.
In the aluminum segment, prices have adjusted slightly in response to abundant supply and moderated demand, presenting opportunities for buyers to secure material at more favorable levels. Though export challenges persist, the domestic market remains stable and continues to provide a reliable outlet for aluminum scrap.
The copper market has experienced notable movement, with prices rebounding after hitting record highs earlier in the year. Renewed optimism in China—the largest global consumer of copper—has helped support this recovery. While price volatility is expected to remain in the short term, recent rebounds suggest a market that is responsive to improving sentiment and easing trade tensions.
Please let us know if you have any questions. We are here to help with any pricing questions and additional pick-ups needed. aarecycles.com
PROUD MEMBER OF:
