With steel production slowing down, the local Italian scrap market has continued its downtrend in recent weeks. Generally, domestic scrap prices have decreased by €25-30/mt in May. SteelOrbis hears that Italian steel mills’ order books are on the low side and only a few sales have been. “Scrap trading is also not great,” according to one market source. Like the rest of Europe, Italian steel producers are planning production cuts in June. An Italian source commented, “Scrap collection is not high but is sufficient for the current demand.”
As a result, SteelOrbis’ range of reference prices for local scrap prices in Italy are standing as below:
|
Quality |
Average spot price (€/mt) May 26 |
Average spot price (€/mt) May 5 |
|
Turnings (E5) |
300-320 |
330-345 |
|
HMS (E3) |
330-365 |
360-380 |
|
Shredded scrap (E40) |
360-400 |
370-400 |
|
Busheling (E8) |
355-375 |
385-395 |
Prices include delivery and exclude VAT.