Average local Italian scrap prices in December announced

The average monthly scrap prices of Italian steel mills in December have been announced. The local Italian scrap market was silent over the holiday season, while market players believe that the trading observed this week will be determine the price trend. “The energy price cap may help the sector,” a source reported. Another source stated, “Despite the lower energy prices in the region, they are expecting very low finished steel demand.” Most Italian producers will resume production at the end of the week, and it is safe to say their return will shape the scrap market.

As a result, SteelOrbis’ range of reference prices for local scrap prices in Italy have revised as below:

Prices include delivery and exclude VAT.