FOR IMMEDIATE RELEASE April 1, 2026
ScrapTrade Introduces Artificial Intelligence to Global Scrap Commodity Pricing, Launching the Industry’s First AI-Powered Live Price Engine Across 50+ Countries
The platform marks a defining moment in the digitalisation of the global scrap recycling industry, bringing institutional-grade commodity intelligence to every trader in the market for the first time.
KEY FACTS AT A GLANCE
50+ Countries covered at launch (expanding to 100+ in 2026)
25+ Scrap material categories (ferrous, non-ferrous, e-waste, plastics)
Daily Price refresh frequency (via LME, SHFE & regional indices)
Free Cost to users (no registration required)
Google Gemini AI model powering the engine
Try ScrapTrade AI-Powered Scrap Price Calculator Now – https://onlinescrapyard.com.au/scrap-price-calculator/
ScrapTrade., the global B2B marketplace for scrap metal and recycled materials, today announced a landmark product launch: the ScrapTrade AI-Powered Scrap Price Calculator, a publicly accessible pricing engine that delivers real-time, AI-generated scrap commodity prices for over 25 material categories across 12 countries — with expansion to more than 50 markets planned throughout 2026.
The launch represents a significant step forward in the company’s mission to digitalise global scrap trade, and is the first product of its kind to combine large language model artificial intelligence with live commodity market feeds to provide instant, localised price estimates for the scrap industry at scale.
Strategic Context: A $400 Billion Industry at an Inflection Point
The global scrap recycling industry is valued at over $400 billion annually and is experiencing unprecedented structural change. Growing environmental regulation, the rapid adoption of electric arc furnace (EAF) steelmaking, and ESG-driven demand for recycled feedstocks have placed scrap at the centre of the global industrial supply chain. Simultaneously, the emergence of B2B digital platforms is transforming how commodities including scrap are discovered, priced, and traded.
Despite this transformation, one of the most fundamental challenges in scrap trade has remained unsolved: price transparency. Unlike primary commodity markets, where exchange-quoted prices are universally accessible secondary scrap markets have historically operated with opaque, relationship-dependent pricing that disadvantages smaller market participants and inhibits efficient price discovery at a global scale.
The ScrapTrade Price Calculator directly addresses this structural inefficiency, leveraging artificial intelligence to synthesise data from multiple commodity benchmarks and regional indices into a single, accessible price estimate, available free of charge to any user worldwide.
“Price opacity is the single greatest barrier to efficiency in scrap trade. Solving it is not a product feature. It is a structural contribution to how a multi-hundred-billion-dollar market functions.”
— ScrapTrade, Strategic Commentary
Product Overview: AI Price Intelligence at Global Scale
The ScrapTrade AI-Powered Scrap Price Calculator is accessible at https://onlinescrapyard.com.au/scrap-price-calculator/ and provides the following capabilities:
- Real-time price estimation for ferrous metals (HMS 1 & 2, steel turnings and shavings, shredded steel, cast iron, stainless steel grades 304 and 316), non-ferrous metals (copper wire, copper millberry, aluminium extrusion and cans, brass, lead, zinc, nickel), and emerging categories including electronic waste, plastics, and paper fibre.
- Market coverage spanning the United Kingdom, India, the United States, Germany, Turkey, the UAE, Australia, China, Canada, South Korea, Bangladesh, and Japan with all prices displayed in the correct local currency.
- Weight input in kilograms, metric tonnes, or imperial pounds, enabling seamless use across different regional trading conventions.
- AI-generated market intelligence notes providing context-specific commentary on current demand and supply conditions for each material in each country.
- Seven-day price trend indicators and 30-day price range visualisations, giving users a view of market direction in addition to the current point estimate.
- A real-time market ticker displaying live prices for key material-country combinations, updated continuously throughout the trading day.
The calculator is powered by Gemini, the frontier AI model developed by Google, which processes current market context from LME spot and forward prices, SHFE exchange data, CFR Turkey and CFR India ferrous benchmarks, and ScrapTrade’s proprietary marketplace transaction data.
Market Differentiation and Competitive Significance
The ScrapTrade Price Calculator is the first tool of its kind to combine artificial intelligence with multi-source commodity data for scrap-specific price estimation at a global level. Existing scrap pricing resources are fragmented, regionally limited, subscription-gated, or rely on self-reported dealer prices that are not independently benchmarked.
By making this capability universally and freely accessible, ScrapTrade establishes a significant platform effect: every dealer, recycler, and generator who uses the calculator becomes a potential participant in the ScrapTrade marketplace with an integrated pathway from price discovery to listing creation built into the product experience.
This positions the price calculator not merely as a standalone utility, but as a strategic acquisition channel and top-of-funnel tool within ScrapTrade’s broader marketplace growth strategy.
Roadmap and Future Development
The initial launch of the price calculator represents the first phase of a multi-stage product programme. The following capabilities are confirmed for development in the 2026 roadmap:
- Price alert functionality enabling registered users to receive SMS and email notifications when a selected material crosses a target price threshold in a chosen market.
- Historical price chart visualisation, providing 3-month and 12-month price trend data for each supported material and country combination.
- Bulk valuation mode enabling simultaneous pricing of multiple material lots designed for scrap yard operators and processors managing complex inventories.
- API access tier for enterprise clients and technology integrators who wish to embed ScrapTrade price data into ERP, weighbridge, or inventory management systems.
- Direct listing integration allowing dealers to convert a price calculation into a live marketplace listing on ScrapTrade with a single click.
- Expansion to over 50 country markets throughout 2026, prioritising South and Southeast Asia, Sub-Saharan Africa, Latin America, and Eastern Europe.
About ScrapTrade
ScrapTrade is a global B2B digital marketplace purpose-built for the scrap metal and recycled materials industry. The platform connects scrap sellers, dealers, processors, and recyclers with verified buyers across domestic and international markets, providing end-to-end commercial infrastructure for scrap trade from price discovery and listing management to logistics coordination and buyer verification.
ScrapTrade’s core mission is to bring transparency, efficiency, and global reach to an industry that has historically operated without them, enabling every market participant regardless of size or geography to access the tools, data, and buyer networks previously available only to the largest players in the industry.
The company operates globally with a focus on high-growth scrap trading markets including India, the United Kingdom, Turkey, the UAE, and Southeast Asia.
— ENDS —
Notes to Editors
The ScrapTrade AI-Powered Scrap Price Calculator is available at OnlineScrapYard.com.au. All capabilities described in this release are live and available for review, demonstration, and media evaluation.
High-resolution product screenshots, platform demonstration videos, company logo assets, and executive photography are available from the ScrapTrade Media Centre. To request access or to arrange a briefing, product demonstration, or executive interview, please contact the press office using the details below.
Press & Media Enquiries
ScrapTrade Press Office
Email: Marketing@scraptrade.com.au
Website: https://scrap.trade/
Media Centre: https://scrap.trade/category/scrap-news/
Calculator: https://onlinescrapyard.com.au/scrap-price-calculator/
Forward-Looking Statements: This press release contains forward-looking statements regarding product roadmap, market expansion, and future capabilities. Actual outcomes may differ from those described. ScrapTrade undertakes no obligation to update these statements.
