M2 Scrap

The phrase "M2 scrap" primarily refers to scrap material derived from M2 High-Speed Steel (HSS), a tungsten-molybdenum tool steel widely used for manufacturing cutting tools like drills, taps, and end mills SourcifychinaIndexbox. In the recycling market, it is a high-value commodity due to its expensive alloying elements, particularly tungsten and molybdenum IndexboxRrcarbide.

Market Trends & Pricing Insights

* Pricing Structure: Unlike standard ferrous scrap, M2 scrap is valued based on its alloy recovery potential. It typically trades at a 120% to 180% premium over the #1 busheling price Indexbox.

* Solids vs. Turnings: Solid scrap (worn tools) commands a premium of $80–$150 per ton over turnings (chips/shavings) due to lower oxidation loss during melting Indexbox.

* Global Benchmarks: As of late 2025/2026, general HSS scrap prices range from $0.65 to $9.50 per pound, with clean M2 grades often reaching the upper end of this spectrum Sourcifychina.

* Market Drivers: Prices are highly sensitive to specialty mill utilization. When mill utilization exceeds 85%, premiums for HSS scrap expand rapidly as producers compete for recycled alloys to avoid the higher costs of primary metals Indexbox.

* Regional Trends: European scrap prices are often 10–15% higher than U.S. prices due to stricter quality standards and higher collection costs Indexbox. China remains a major global influencer, with its import quotas capable of shifting global prices by 8–12% Indexbox.

Product Identification & Value Factors

* Alloy Composition: The value is derived from a core mix of 6% Tungsten, 5% Molybdenum, 4% Chromium, and 2% Vanadium Indexbox.

* Critical Value Factors:

* Purity: Clean, sorted tools marked "M2" fetch the highest prices.

* Contaminants: Titanium Nitride (TiN) coatings or non-metal attachments (e.g., plastic handles) can significantly reduce the price per pound RrcarbideIndexbox.

* Identification: M2 scrap is identified by its density (heavier than carbon steel) and a "starburst" spark pattern when ground Rrcarbide.