Italian domestic scrap market slightly increases

While many deals have been postponed to the next week due to the uncertainties in both buyers and sellers end, local Italian scrap market has slightly increased by €20-30/mt on the lower end.

“Collection prices at €330/mt delivered in some export yards are too high in my opinion, this price can only be paid for super materials such as P&S which usually is in the bunch to make a beautiful cargo and a better average price. Also, a good quality can be found by export yards at €310-315/mt delivered,” a seller commented. Regarding the €330/mt delivered prices in the European export yards, some sources report that this material is bought for the short sales.

On the other hand, some players report that domestic prices in Northern Europe (Belgium & Germany) are considered too high by Italian players. According to a source, “For P&S grades you can get €350-360/mt delivered to a plant in northern Europe, so if exporters want to buy this kind of material they have to put something on “normal” prices.”

As a result, SteelOrbis’ range of reference prices for local scrap prices in Italy have increased by €20-30/mt on the lower end and are as below:

Prices include delivery and exclude VAT.