In early 2026, both copper and scrap metal prices reached record highs with scrap copper wholesale price gains of EUR 15–20 per 100 kg in Germany before moderating slightly as market volatility increased.

Automotive steel refers to the specialized steel grades used primarily in the automotive industry for the manufacturing of vehicles. This type of steel is characterized by its strength, ductility, and resistance to corrosion. The significance of automotive steel cannot be overstated, as it is fundamental in ensuring vehicles are not only robust but also lightweight enough to contribute to fuel efficiency. Various steel formulations, including carbon steel and advanced high-strength steels (AHSS), are employed based on performance requirements, making automotive steel a critical component in vehicle design and safety.

Scrap metals include a variety of metal materials that have lost their usefulness in their original state. These can range from household items like aluminum cans to industrial components such as copper wiring. Scrap metals can be classified into different types, including ferrous metals such as iron and steel, which are magnetic, and non-ferrous metals like aluminum, copper, lead, zinc, and precious metals. Each category of scrap metal has unique properties and market values, making proper classification essential for recycling and resale purposes.

Scrap metal plays a vital role in the recycling industry, contributing to environmental sustainability and economic benefits. Scrap metal prices are dynamic and changing. They are affected by various factors. Let’s have a deeper look at what factors influence scrap metal prices and what individuals and industries should pay attention to under this change.