From the US and Europe to Turkey and China, the discussion explores how rising energy and freight costs, partly driven by the Middle East conflict, are lifting prices despite weak steel demand.

With seasonal supply increases and cheaper alternatives like pig iron, the conversation examines shifting market balances, including diverging trends between prime and obsolete scrap and the impact of policy and trade flows.

Tune in for a concise overview of the forces shaping scrap pricing, the fragility of current price support, and the downside risks emerging across the near‑ to medium‑term outlook.