Local Italian scrap prices have increased further by €10-20/mt during the past week, with the influence of the rises seen in global raw material prices and in import scrap prices for Turkey. Italian mills are expected to make scrap purchases ahead of the December holidays which will cause production stoppages. Accordingly, scrap prices in Italy are foreseen to rise further in the coming period.
Average spot prices in the local Italian scrap market, where prices have also increased, are as follows:
Quality | Average spot price (€/mt) |
Turnings (E5) | 195-205 ($209-219/mt) |
HMS (E1/E3) | 215-225 ($230-241/mt) |
Shredded scrap (E40) | 230-235 ($246-252/mt) |
Busheling (E8) | 220-235 ($235-251/mt) |
Prices include delivery and exclude VAT.
€1 = $1.07