Assofermet stated that the Italian scrap market continues to be influenced by a good demand that keeps prices stable at high levels.
Throughout the month of July, good outputs in the steel industry continue to demand scrap that the trade sector is able to meet despite the low stocks in warehouses.
Even for the month of August, despite halts across the supply chain due to holiday season, there are plans for supplies intended to generate some stock in order to restart the production, which is expected to be stronger in the second half of the year.
In all EU countries the market remains stable with a good demand for all types of scrap. Even the global market confirms the prices of the last period.
Meanwhile, about 84,000 mt of pig iron and 46,000 mt of scrap arrived at Port Marghera, Venice in the month of June.