In the Italian domestic scrap market prices have increased slightly compared to pre-holidays levels, and mostly for high quality scrap. Meanwhile, according to sources, scrap availability is increasing in the market, but prices should trend sideways until the end of January as supply and demand are in equilibrium at the current price levels.
Average spot prices in the local Italian scrap market are as follows:
|
Quality |
Average spot price (€/mt) |
|
Turnings (E5) |
260-270 ($317-329/mt) |
|
HMS (E1/E3) |
280-295 ($342-360/mt) |
|
Shredded scrap (E40) |
310-315 ($378-384/mt) |
|
Busheling (E8) |
305-310 ($372-378/mt) |
Prices include delivery and exclude VAT.
€1 = $1.22