Assofermet: Good demand and stability in Italian scrap market

Monday, 16 May 2011 14:15:36 (GMT+3)   |  
       

The Italian steel scrap market in April was characterized by good demand and moderate stability, with some slight downward corrections of upper-end price levels in order to align local prices with international offers - thus reports Assofermet, the Italian association of traders of iron, steel, non-ferrous metals, ferrous scrap, hardware and similar goods.

In early May, scrap demand from special steel producers was good; furthermore, there have been signs of increased long steel production in Italy. This should provide support for local scrap prices, which have been at high levels since the beginning of the year. Meanwhile, shortages of prime quality scrap continue to be seen.

In the import market, EU countries are asking for higher prices, in view of good demand from northern to southern Europe. Also, the Turkish market has resumed its purchases, with price increases across the supply chain due to the fluctuation of the US dollar.

Meanwhile, about 138,000 mt of pig iron arrived at Port Marghera, Venice in the month of April.


Similar articles

Mexican domestic scrap prices

28 Mar | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 13, 2024

28 Mar | Scrap & Raw Materials

Turkey’s deep sea scrap prices stabilize at $385-390/mt CFR

28 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Average local Chinese scrap prices rise amid tight supply after previous decreases

27 Mar | Scrap & Raw Materials

Import scrap prices in India move up, but low bids prevent deals

27 Mar | Scrap & Raw Materials

Baltic countries and Czech Republic seek EU ban on ex-Russia scrap imports

27 Mar | Steel News