Italian domestic scrap market moves up for some grades

Over the past two weeks, it is observed that domestic prices in Italy for some scrap grades have increased on the upper end, while prices of other grades have remained stable as anticipated. “Some Italian producers need material, while others do not. So, I think we will have a different way of approaching the market in July,” an Italian source commented. SteelOrbis has learned that the local Italian scrap market is weak, with general expectations being for a sideways movement of prices. Several sources said that Italian producers will stop production in late July-early August for the summer holidays. As a result, scrap demand is expected to decline in general. Another Italian source said, “It seems to me that the steel market in Italy has entered a calm phase and will remain there until September.”

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

Prices include delivery and exclude VAT.