Whats My Scrap Worth?

Category hub

Mills & Markets

Where scrap actually ends up — the mills, foundries, and downstream buyers.

Where scrap ends up — mills and markets

Yards are aggregators. The real demand for scrap comes from the mills and foundries that melt it back into furnace feed. This category covers the consumer side of the trade — the EAF mini-mills that drive U.S. ferrous demand, the secondary smelters that feed aluminum and copper rod, and the export markets that absorb the rest. Understanding where a yard's tonnage actually ships is the fastest way to make sense of why prices move the way they do.

What this category covers

  • EAF mini-mills — the dominant consumer of U.S. ferrous scrap
  • Integrated mills (BF/BOF) — declining share, but still material in flat-rolled
  • Secondary smelters — for aluminum, copper, and brass
  • Foundries — cast aluminum, ductile iron, brass and bronze
  • Export markets — Turkey, India, Southeast Asia, post-policy China

U.S. mill capacity at a glance

EAF mini-mills now account for roughly 70% of U.S. crude steel output. The big six steelmakers consume the bulk of domestic ferrous scrap; capacity figures below are directional and shift with restarts, idlings, and new builds. AISI weekly reports and the operators' 10-Ks are the authoritative sources.

Mill operatorTypePrimary scrap consumedNotable footprint
NucorEAF mini-millPrepared and shredded ferrous, bushelingLargest U.S. steel producer; 25M+ tons of capacity across long and flat products
Steel Dynamics (SDI)EAF mini-millPrepared, shredded, bushelingRoughly 13M tons of steelmaking capacity; OmniSource is its captive scrap arm
Cleveland-CliffsIntegrated BF/BOF + EAFHot-briquetted iron blended with scrapLargest U.S. flat-rolled producer; iron-ore-integrated
US SteelIntegrated + EAF (Big River)BOF feedstock plus growing EAF shareMix of legacy integrated mills and the EAF Big River expansion in Arkansas
Commercial Metals (CMC)EAF mini-millShredded and prepared ferrous for long productsLargest U.S. rebar producer; scrap-integrated through CMC Recycling
GerdauEAFShredded, busheling for long productsBrazilian-owned; large North American long-products footprint

For the seller-side counterpart on what yards actually pay for material going to these mills, see Selling Guide → Pricing.

Non-ferrous demand sinks

Non-ferrous scrap takes a different path:

  • Aluminum — secondary smelters (Real Alloy, Novelis), automotive cast houses, can-sheet producers
  • Copper — copper-rod producers (Wieland, Aurubis, Southwire's recycling), brass-mill consumers
  • Brass — yellow brass goes to plumbing fittings and ammo casings; red brass to specialty
  • Stainless — back to stainless mills (Outokumpu, Olarra, Allegheny) for melt
  • Lead — battery recyclers (Clarios) — closed-loop scrap chain

Live spot for these markets: Aluminum price, Copper price, Brass price, Stainless steel price.

Export markets

A meaningful share of U.S. scrap ships abroad. Major destinations:

  • Turkey — long the largest U.S. ferrous-scrap importer (HMS, shredded, bonus)
  • India — growing share of both ferrous and non-ferrous
  • Vietnam, Malaysia, Indonesia — re-emerging non-ferrous destinations after China's policy shifts
  • Mexico — proximity-driven; significant ferrous and copper flow
  • South Korea, Taiwan — high-spec stainless and copper

China's 2017–2020 "National Sword" policy reshaped global flows, especially for non-ferrous. Tonnage that previously moved into Chinese ports rerouted through Vietnam, Malaysia, and Indonesia, and tightened ISRI grade specifications followed at U.S. yards selling into export.

Frequently asked questions

Why does Turkish demand affect my yard price?

Because U.S. East Coast yards can ship into Turkish demand competitively. When Turkey is buying aggressively, East Coast scrap prices rise; when Turkey pauses, supply backs up and yard payouts compress.

Are mini-mills really paying more than integrated mills?

Often yes. EAF mini-mills depend almost exclusively on scrap and pig iron, so their bid sets the floor. Integrated mills can blend in iron-ore-based feedstock, so their scrap demand is more elastic.

Where do catalytic converters go?

To specialized PGM (platinum-group metals) refiners, not steel mills. The market is its own ecosystem; see Recycling Guide → Auto for the chain.

Related