Stainless steel scrap price December 2024 and outlook (see chart below)
- North America:US$0.67/KG, unchanged
- Europe:US$1.41/KG, unchanged
Stainless steel scrap price index
This post is a summary of the Stainless steel scrap price developments. The price developments of Stainless steel scrap pulp are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Stainless steel scrap price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Stainless steel scrap prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Stainless steel scrap prices
- Recent price developments of underlying feedstocks which drive the price of Stainless steel scrap
- Market futures for both cost drives and feedstocks of Stainless steel scrap prices
- Adjustment of current supply/demand imbalances in the Stainless steel scrap market
- Longer term trends in likely demand conditions
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