Following the increase recorded two weeks ago, local Italian scrap prices have continued on their upward trend. Market players agree that scrap prices have risen against the backdrop of increased steel production. Meanwhile, supply has remained stable.
Local Italian scrap spot prices have risen by €10-15/mt ($11-17/mt) during the last two weeks to the levels given in the table below. Many market players state that another price rise may be seen soon, to bring Italian prices up to international scrap price levels.
Average spot prices in the local Italian scrap market are as follows:
Quality | Average spot price (€/mt) |
Turnings (E5) | 145 ($162/mt) |
HMS (E1/E3) | 175-180 ($196-202/mt) |
Shredded scrap (E40) | 185-195 ($207-218/mt) |
Busheling (E8) | 190 ($213/mt) |
Prices include delivery and exclude VAT.
€1 = $1.12