Latest situation in Italian scrap market

Wednesday, 28 June 2017 12:14:32 (GMT+3)   |   Brescia
       

Compared to seven days ago, domestic scrap prices in Italy have on average increased by a slight margin of €5/mt. According to market sources, this is the result of the minor increases seen in the prices of high quality scrap, which in turn have dragged the prices of lower quality scrap with them. Meanwhile, rumors are already circulating about a possible increase in scrap prices in July in several European countries, including Italy. This could be the result of the recent increase in import scrap prices in Turkey and also of the good demand for scrap in Europe, especially for high quality scrap.

Exports of long steel products to Algeria are still blocked due to the non-release of import licenses in the North African country. Nevertheless, Italian long steel producers have completed plenty of bookings thanks to sales concluded to other European countries, especially Germany, and to non-EU countries other than Algeria.

Average spot prices in the local Italian scrap market are as follows:

Quality Average spot price (€/mt)
Turnings (E5) 205-220 ($234-251/mt)
HMS (E1/E3) 225-240 ($257-274/mt)
Shredded scrap (E40) 255-270 ($291-308/mt)
Busheling (E8)  250-265 ($285-302/mt)

Prices include delivery and exclude VAT. 

€1 = $1.14


Similar articles

New York HMS I/II scrap prices updated

20 May | Scrap & Raw Materials

Philadelphia P&S dock scrap prices updated

20 May | Scrap & Raw Materials

Philadelphia dock delivered prices for HMS I/II 80:20 scrap

20 May | Scrap & Raw Materials

Range of Turkey’s import scrap prices widens to usual levels

20 May | Scrap & Raw Materials

Pakistan’s scrap imports down 27.9 percent in April from March

20 May | Steel News

Turkish mills continue to buy ex-US scrap, price remains relatively stable

17 May | Scrap & Raw Materials

Vietnam and S. Korea show little to no interest in import scrap amid strong local focus

17 May | Scrap & Raw Materials

Taiwan’s import scrap prices stable or slightly lower

17 May | Scrap & Raw Materials

Local Italian scrap prices reach their peak

17 May | Scrap & Raw Materials

Import scrap trade in Pakistan falls quiet

17 May | Scrap & Raw Materials