Turkish steel producers' recent import scrap purchases have influenced scrap prices in European scrap market where prices have increased to the levels seen in early September. Market sources state that the increasing trend of scrap prices in Europe should last until the end of November due to the tightening of supply.
Average spot prices in the local Italian scrap market, where prices have also increased, are as follows:
Quality | Average spot price (€/mt) |
Turnings (E5) | 175-182 ($194-202/mt) |
HMS (E1/E3) | 200-205 ($222-228/mt) |
Shredded scrap (E40) | 210-215 ($233-239/mt) |
Busheling (E8) | 205-215 ($228-239/mt) |
Prices include delivery and exclude VAT.
€1 = $1.11