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Latest Update in the SMM Steel Scrap Market

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Steel Scrap markets & Index

Steel Scrap

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Price description

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Avg.

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Date

Domestic average price of scrap steel-≤800×600mm-National (USD/tonne)

350.52-350.52

350.52

0.37

Jan 28, 2026

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Steel Scrap News

[NPI Daily Review] Stainless Steel Scrap Shows Clear Economic Advantage, High-Grade NPI Rises Slightly

[SMM Daily Review: Stainless Steel Scrap Shows Clear Economic Advantage, High-Grade NPI Rises Only Slightly] January 28 (SMM) – The average price of SMM 10-12% high-grade NPI stood at 1,054 yuan/mtu (ex-factory, tax included), up 1 yuan/mtu MoM from the previous working day.

time

Jan 28,2026 12:54

Stainless steel scrap holds steady at highs, market wait-and-see sentiment intensifies as Chinese New Year approaches [SMM Stainless Steel Scrap Market Weekly Review]

time

Jan 23,2026 16:59

Cost-Economic Advantages Combined with Rising Stainless Steel Finished Products Drive Stainless Steel Scrap Prices to Continue Rising [SMM Stainless Steel Scrap Market Weekly Review]

time

Jan 9,2026 15:58

Continued Boost from News Drives Overall Market Strength, Stainless Steel Scrap's Economic Advantage Stands Out, Sentiment to Hold Prices Firm Heats Up [SMM Stainless Steel Scrap Market Weekly Review]

time

Dec 31,2025 17:19

Positive news supports the overall market strength, driving stainless steel scrap's economic advantage to narrow, with upward momentum potentially constrained. [SMM Stainless Steel Scrap Market Weekly Review]

time

Dec 26,2025 15:53

First Suppress Then Rise, Followed by Fluctuation—Short-Term Upside Momentum for Stainless Steel Scrap Remains Insufficient [SMM Stainless Steel Scrap Market Weekly Review]

time

Dec 19,2025 15:42

Macro Tailwinds Drive Stainless Steel Scrap Prices Higher, Narrowing Economic Advantages Limit Upward Momentum [SMM Stainless Steel Scrap Market Weekly Review]

time

Dec 12,2025 15:02

Stainless Steel Scrap Prices Followed Finished Products Upward, Economic Advantage Narrowed [SMM Stainless Steel Scrap Market Weekly Review]

time

Dec 5,2025 16:26

Dovish Stance from US Fed Boosts SS Futures, Stainless Steel Scrap Prices Hold Steady but Face Production Cuts and Downside Risks from Steel Mills [SMM Stainless Steel Scrap Market Weekly Review]

time

Nov 28,2025 16:50

The overall stainless steel market remains weak and bottoming out, with the economic advantage of stainless steel scrap unable to reverse the decline. [SMM Stainless Steel Scrap Market Weekly Review]

time

Nov 21,2025 16:46

RATIO & INDEX15 minutes delay

Brent oil

68.386

+1.016(+1.51%)

Jan 29, 2026

US Dollar Index&reg

96.0622

-0.324(-0.34%)

Jan 29, 2026

Offshore RMB HK

6.941

-0.0018(-0.03%)

Jan 29, 2026

SMMI

4,033

+78(+1.97%)

Jan 29, 2026

Shanghai Interbank Offered Rate

1.52

-11.5(-7.03%)

Jul 25, 2025

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Steel Scrap EVENTS

Feb
11
- SMM AFRICA CRITICAL MINERALS SEMINAR 2026
  Feb 11 - 11,2026
  Cape Town
Mar
25
- 2026 SMM (21st) Lead & Zinc Conference and Industry Expo
  Mar 25 - 27,2026
  Howard Johnson Agile Plaza, Chengdu, China
Apr
06
- NET ZERO MEA Solar & Energy Storage Summit
  Apr 06 - 07,2026
  Join us in Dubai to forge the partnerships that will power our future.
  DUBAI, UAE
Apr
08
- CLNB 2026 - The 11th New Energy Industry Chain Expo
  Apr 08 - 10,2026
  Suzhou,China
Apr
08
- AICE 2026 SMM (21st）Aluminum Industry Conference & Expo
  Apr 08 - 10,2026
  Suzhou, China
Apr
08
- CCIE 2026 (21st) SMM Copper Industry Conference and Expo
  Apr 08 - 10,2026
  Suzhou, China
Apr
12
- Guangdong Lithium Battery and Recycling Field Trip Hunan & Hubei Battery Materials Field Trip
  Apr 12 - 17,2026
  Guangdong, China
May
11
- 2026 (3rd) Global Renewable Metal Industry Summit
  May 11 - 12,2026
  The GRMI Summit is a highly influential event, bringing together leading enterprises
  Sheraton Grande Tokyo Bay Hotel, Tokyo
May
18
- 2026 SMM Australia Lithium Resources Industry Field Trip
  May 18 - 22,2026
  This Australia Lithium Tour covers the full value chain, offering professionals key insights and networking.
  Australia
Jun
01
- 2026 Li-ION BATTERY AFRICA
  Jun 01 - 03,2026
  Securing Supply Chains • Empowering New Technologies • Linking Europe-US Markets
  MARRAKECH, MOROCCO
Jun
03
- Indonesia Critical Minerals Conference & Expo 2026
  Jun 03 - 05,2026
  Indonesia's leading metals & mining event gathering 3500+ participants and 60+ top exhibitors in Jakarta, June 2026.
  PULLMAN JAKARTA CENTRAL PARK, INDONESIA
Jun
16
- 2026 SMM Automotive Supply Chain Conference
  Jun 16 - 17,2026
  The Annual Gathering for Southeast Asia's Auto Industry.
  Bangkok, Thailand, Hyatt Regency Bangkok Suvarnabhumi Airport
Nov
02
- Li-ion Battery Europe 2026
  Nov 02 - 03,2026
  Hilton Barcelona, Spain
Nov
02
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Nov 02 - 03,2026
  Hilton Barcelona, Spain

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