First of all, we must understand the relationship between scrap iron and iron ore raw materials, which are interrelated. As the price of iron ore raw materials rises, so will the second-hand scrap iron. So the trend of scrap iron depends on iron ore raw materials. Iron ore prices have always been financial futures, and there are also iron ore futures trading centers in the world. Like stocks, futures trading prices fluctuate, and the decline or rise is the result of a combination of market demand, production areas and other factors. The price of iron ore is determined by the market and unpredictable, so is scrap iron. Summary: The price of scrap iron is determined by the market and cannot be predicted.